Expand Energy ‘Not Waiting Around’ for New CEO, Search Continues

Expand Energy turned in its first quarter 2026 update yesterday. Across all of its operations in the Marcellus/Utica and the Haynesville, Expand operated an average of 13 rigs during the first quarter, drilling 60 wells and turning 49 wells in line, resulting in net production of approximately 7.44 Bcfe/d (93% natural gas). In 2026, Expand Energy expects to run 11 to 12 rigs and invest approximately $2.85 billion, yielding an estimated daily production of approximately 7.5 Bcfe/d. We have a detailed breakdown below of how much of that activity is in the M-U. The Expand board fired its successful CEO, Nick Dell’Osso, in February (see Earthquake at Expand Energy: CEO Nick Dell’Osso Fired by the Board). Interim CEO Michael Wichterich said the company continues to look for a new chief executive, but in the meantime, it is “not waiting around” for a permanent leader to be chosen.

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