In 2025, Expand Energy (EXE) expects to run approximately 12 rigs and invest approximately $2.7 billion yielding an estimated daily production of approximately 7.1 Bcfe/d. The company intends to build incremental productive capacity for an additional $300 million by exiting 2025 with approximately 15 rigs. This incremental capital investment positions the company to efficiently grow production from a year-end 2025 exit rate of approximately 7.2 Bcfe/d to average approximately 7.5 Bcfe/d in 2026 should market conditions warrant.Expand Energy is on track to capture its 2025 expected annual synergy target of approximately $400 million. The company expects to achieve the full $500 million in annual synergies by year end 2026.
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