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Expand Energy’s Natural Gas Production Climbs; Expects Lower OFS Costs to Offset Trade War Impacts

Natural Gas Intelligence · last updated

Expand Energy Corp., one of the nation’s largest natural gas producers, is bracing for the potential cost increases linked to U.S. tariffs on imported goods as it ramps up spending to meet stronger energy demand in the years ahead.

NGI's Henry Hub forward fixed natural gas price

“…There’s clearly going to be a little bit of pressure that shows up associated with tariffs,” COO Josh Viets told financial analysts during a call on Wednesday to discuss first quarter earnings. “And in our business, that is going to show up within our casing cost.”

Viets said 80% of the company’s casing is sourced in the United States and contracted through September. With the scale the company gained in the Haynesville Shale and Appalachian Basin after acquiring Southwestern Energy Co. late last year, it has been successful in renegotiating some key oilfield services (OFS) contracts.

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