Formed in 2024 through the merger of Chesapeake Energy Corporation and Southwestern Energy Company, Expand Energy Corporation (EXE) has ascended to the top as America’s largest natural gas producer. With a market capitalization brushing $24 billion, the company comfortably sits in the “large-cap” arena, a space reserved for industry titans with valuations above $10 billion.
Based in Oklahoma, the company’s operations stretch across the Haynesville, Marcellus, and Utica Shales, spanning Louisiana, Pennsylvania, Ohio, and West Virginia, managing a sprawling portfolio of roughly 8,000 wells. Its operations encompass drilling, completion, and production, underpinned by vertically integrated oilfield services.
