- CEO
- Michael A. Wichterich
- Full Time Employees
- 1,500
- Sector
- Energy
- Industry
- Oil & Gas Energy
- Address
- 6100 North Western Avenue Oklahoma City OK United States of America 73118
- IPO Date
- Feb 11, 2021
- Business
- Expand Energy Corporation (NASDAQ:EXEEZ), North America's largest independent natural gas producer, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids from onshore unconventional reservoirs; it holds leading positions in the Marcellus Shale of the northern Appalachian Basin across Pennsylvania, West Virginia, and Ohio, as well as the Haynesville and Bossier Shales in northwestern Louisiana. The company operates approximately 5,000 natural gas wells and delivers responsibly sourced American natural gas optimized for LNG markets, targeting utility, industrial, and power generation customers with a focus on affordability, reliability, and lower-carbon production. Headquartered in Oklahoma City, Oklahoma, with a major operational presence in Houston, Texas, Expand Energy was founded in 1989 and employs around 1,500 people across its key U.S. basins. In October 2024, the company, formerly known as Chesapeake Energy Corporation, completed its transformative merger with Southwestern Energy Company, originally announced in January 2024, which expanded its portfolio, boosted daily production guidance to approximately 7.0 billion cubic feet equivalent for fiscal year 2025, and enhanced synergies to $500 million annually by 2027; it also introduced a new cash return framework balancing debt reduction, a base dividend yield of about 4.2%, and shareholder returns, alongside authorizing a $1 billion stock repurchase program and releasing its inaugural 2024 Sustainability Report emphasizing environmental impact reduction and community strengthening.