Expand Energy Exec Says It Has Cut Its Active Rig Count From About 12 To 10; Diesel Has Been Its Main 2026 Cost Inflation Pressure, With Annual Use Of About 25M Gallons; Expects Diesel Use To Fall About 50% In 2027 As E-Fleets Increase, While Cost Pressure Shifts Toward Haynesville Service Capacity
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Why It Matters
Expand Energy is using fewer oil drilling rigs and switching to electric trucks. This should lower their fuel costs next year, but they may face service bottlenecks instead.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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