Efficiency Gains in Haynesville
The company has reduced well costs by greater than 25% and year-to-date costs are 30% lower than peers. They can now deliver with 7 rigs the same production it took 13 rigs to deliver in 2023.
Debt Reduction and Shareholder Returns
Expand Energy eliminated $1.2 billion in gross debt and returned nearly $850 million to shareholders.
Increased Production and Cost Efficiency
The company expects to spend $150 million less to deliver 50 million cubic feet per day more of production in 2025 compared to the beginning of the year guidance.
Strategic Agreements and Market Expansion
Announced a supply agreement with Lake Charles Methanol, expected to commence operations in 2030, providing a premium price to NYMEX.
Breakeven Improvement
The Haynesville breakeven is now less than $2.75, a significant improvement from earlier in the year.