Expand Energy CEO Nick Dell'Osso
Expand Energy CEO Nick Dell'Osso was recently interviewed at the Goldman Sachs Energy, Clean Tech & Utilities Conference held in Miami, Florida, on Jan. 6. During the talk, Dell'Osso outlined Expand's strategy following the merger of Chesapeake Energy and Southwestern Energy, emphasizing that even if natural gas prices reached the $3.50/MMBtu range, the company would remain disciplined and likely prioritize shareholder returns (such as dividends and buybacks) over aggressive production growth. With respect to the price of gas, he said this of producers in general: "But if we continue to have pricing that hangs around $3.50, I just don't think you have a producer that is motivated for growth. I think the marginal breakeven for growth in this country is above $3.50."
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