Expand Energy Boosts Natural Gas Production Despite Weak Prices
Despite weak natural gas prices, Expand Energy is optimistic about its future after producing more natural gas than any other U.S.-based company in the second quarter of 2026. The company reported $851 million of capital expenditures for the period and maintained its outlook for between $2.75 billion and $2.95 billion for the full year.
More than half of the investment went toward developments in the Haynesville Shale of eastern Texas and northern Louisiana, which is expected to account for more than half of the total investment for 2026. Expand produced an average of 7.48 billion cubic feet per day (Bcf/d) of natural gas in the second quarter, with 42.6% coming from Haynesville.
The company aims to become the top U.S. entity for the marketing and optimization of natural gas after acquiring Twin Eagle Holdings, a North American energy marketer with a focus on natural gas. According to Josh Viets, executive vice president of Expand, 'We've really put ourselves in a competitive advantage in the Haynesville.'