Expand Energy Expects Low- To Mid-Single-Digit Cost Inflation In 2027; Says Western Haynesville Requires Gas Prices Above $4/MMBtu To Compete For Drilling Capital At Current Costs; Expects Haynesville Well Productivity To Improve About 2% To 3% YoY; Says 2027 Organic Leasing Spending Could Start At A Similar Run Rate To 2026
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Why It Matters
Expand Energy says it will spend about the same on new land leases next year. They need gas prices above $4 per unit to keep drilling in one area, and expect their wells to pump a little more each year.
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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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