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Expand Energy Corporation (NASDAQ: EXE) is the largest independent natural gas producer in the United States, specializing in the production of natural gas, oil, and natural gas liquids (NGLs). The company operates exclusively onshore in the U.S., leveraging its scale and operational efficiency to develop assets in prolific natural gas basins. In addition to production, Expand Energy engages in marketing activities and participates in the global liquefied natural gas (LNG) value chain, contributing to a lower-carbon future.
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Exploration and Production (E&P) - Focuses on the production of natural gas, oil, and NGLs, with significant operations in the Marcellus and Haynesville basins. Natural gas is the largest contributor within this segment.
- Natural Gas - The primary product, sourced from prolific U.S. basins.
- Oil and NGLs - Secondary products with smaller contributions compared to natural gas.
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Marketing - Manages the sale of natural gas, oil, and NGLs, including products purchased from third parties. This segment also utilizes derivatives to manage commodity price risks.
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Global LNG Value Chain - Participates in the marketing and distribution of liquefied natural gas (LNG) through direct arrangements with export facilities and end users, aligning with the growing U.S. LNG export market.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Christopher W. Lacy Executive | Executive Vice President, General Counsel, and Corporate Secretary | Board Member at Redeemed Ministries | Christopher W. Lacy joined EXE in October 2024. He has over 15 years of legal experience in the energy sector, previously serving at Southwestern Energy. He holds a JD from the University of Houston. | |
Domenic J. Dell'Osso, Jr. Executive | President and Chief Executive Officer | Director at Transocean Ltd. | Domenic J. Dell'Osso, Jr. has been the CEO of EXE since October 2021. He previously served as EVP and CFO, and VP of Finance at Chesapeake Midstream Development. He holds a BA in Economics and an MBA. | |
Joshua J. Viets Executive | Executive Vice President and Chief Operating Officer | None | Joshua J. Viets has been COO since February 2022. He has 20 years of experience from ConocoPhillips, where he held leadership roles in operations and engineering. He holds a BS in Petroleum Engineering. | |
Mohit Singh Executive | Executive Vice President and Chief Financial Officer | None | Mohit Singh joined EXE in December 2021 as EVP and CFO. He has a background in finance and engineering, with previous roles at BPX Energy, RBC Capital Markets, and Shell. He holds a PhD in Chemical Engineering and an MBA. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Southwestern Energy Company | 2024 | The all-stock merger converted each Southwestern share into 0.0867 Chesapeake shares, completed on October 1, 2024, and led to Chesapeake’s rebranding as Expand Energy, positioning the firm as the largest natural gas producer in the US. |
Chief E&D Holdings, LP and affiliates of Tug Hill, Inc. | 2022 | The acquisition, valued at $2.0 billion in cash plus approximately 9.44 million Chesapeake common shares, secured high-quality producing assets and premium drilling inventory in the Marcellus Shale, with financing through cash on hand and a revolving credit facility, and included plans for integration and a dividend increase. |
Vine Energy Inc. | 2021 | Valued at approximately $2.2 billion, the acquisition involved issuing 0.2486 Chesapeake shares and paying $1.20 in cash per Vine share, while also assuming Vine's 6.75% Senior Notes and repaying its Second Lien Term Loan, thereby strengthening Chesapeake's Haynesville Shale portfolio with over 900 additional drilling locations. |
No recent press releases or 8-K filings found for EXE.