- CEO
- Domenic J. Dell'Osso Jr.
- Full Time Employees
- 1,000
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 6100 North Western Avenue Oklahoma City OK United States of America
- IPO Date
- Feb 11, 2021
- Business
- Expand Energy Corporation, formerly Chesapeake Energy Corporation (NASDAQ:CHKEZ), operates as the largest independent natural gas producer in the United States, focusing on the acquisition, exploration, and development of onshore properties for the production of natural gas, oil, and natural gas liquids (NGLs); it holds interests in approximately 1.83 million net acres across the Marcellus Shale in Pennsylvania and the Marcellus/Utica Shales in Ohio and West Virginia, the Haynesville/Bossier Shales in Louisiana, and legacy assets in the Eagle Ford Shale. The company provides marketing services including contract administration, commodity price structuring, nomination, gathering, processing, and transportation for its production and third parties; it emphasizes lower-carbon natural gas production with commitments to net-zero Scope 1 and 2 greenhouse gas emissions by 2035 and MiQ methane certification. Founded in 1989 and headquartered in Oklahoma City, Oklahoma, with major operations in Louisiana, Pennsylvania, West Virginia, Ohio, and Houston, Texas, Expand Energy serves U.S. energy markets including LNG exports and power generation through its premium basin portfolio.
In October 2024, Chesapeake Energy completed its $7.4 billion all-stock merger with Southwestern Energy Company, creating Expand Energy Corporation as the combined entity with enhanced scale, projected annual synergies of $400-500 million, and daily production capacity of about 7.1 billion cubic feet equivalent (Bcfe) supported by $2.7 billion in 2025 capital investments across 12 rigs; post-merger, the company trades under EXE on NASDAQ, has reduced debt by $1 billion including $440 million in early 2025, and secured investment-grade ratings from major agencies while targeting LNG-ready assets and operational efficiencies in Appalachia and Haynesville.