Expand Energy Corporation (Expand Energy) operates as an independent natural gas producer in the U.S.
The company is focused on responsibly developing an abundant supply of natural gas, oil and NGL to expand energy access for all. Its operations are located in Louisiana in the Haynesville and Bossier Shales (“Haynesville”), in Pennsylvania in the Marcellus Shale (“Northeast Appalachia”) and in West Virginia and Ohio in the Marcellus and Utica Shales (“Southwest Appalachia”).
Business Strategy...
Expand Energy Corporation (Expand Energy) operates as an independent natural gas producer in the U.S.
The company is focused on responsibly developing an abundant supply of natural gas, oil and NGL to expand energy access for all. Its operations are located in Louisiana in the Haynesville and Bossier Shales (“Haynesville”), in Pennsylvania in the Marcellus Shale (“Northeast Appalachia”) and in West Virginia and Ohio in the Marcellus and Utica Shales (“Southwest Appalachia”).
Business Strategy
The company's strategy is to create shareholder value through the responsible development of its significant resource plays while continuing to be a leading provider of natural gas to markets in need.
Operating Areas
The company focuses its acquisition, exploration, development, and production efforts in the geographic operating areas described below.
Haynesville - Haynesville and Bossier Shales in Louisiana.
Northeast Appalachia - Marcellus Shale in Pennsylvania.
Southwest Appalachia - Marcellus and Utica Shales in Ohio and West Virginia.
Marketing
The principal function of the company’s marketing operations is to provide natural gas, oil and NGL marketing services, including commodity price structuring, securing and negotiating of gathering, hauling, processing and transportation services, contract administration and nomination services for the company and other interest owners in Expand Energy-operated wells. The marketing operations also provide other services for the company’s exploration and production activities, including services to enhance the value of natural gas and oil production by aggregating volumes sold to various intermediary markets, end markets and pipelines.
The company has entered into long-term gathering, processing, and transportation contracts with various parties that require the company to deliver fixed, determinable quantities of production over specified periods of time.
As of December 31, 2024, the company had delivery commitments for gas and NGLs of approximately 6,900 Bcf and 45 MMBbls over the next 16 and 18 years, respectively. These delivery commitments vary each year. Additionally, the company has delivery commitments of approximately 1 MMBbls of oil during 2025. It expects to fulfill these commitments primarily with production from its proved developed reserves.
Oilfield Services Vertical Integration
The company also operates drilling rigs and provides certain oilfield products and services, principally serving the company’s E&P operations through vertical integration.
Government Regulation
All of the company’s operations are conducted onshore in the United States. Certain of the company’s U.S. natural gas and oil leases are granted or approved by the federal government and administered by the U.S. Department of the Interior.
History
The company was founded in 1989. It was incorporated in 1996. The company was formerly known as Chesapeake Energy Corporation and changed its name to Expand Energy Corporation in October 2024.