Company: EXEEZ
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000895126-25-000021
Chunk: 158

Company: EXPAND ENERGY Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 158
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 are computed using current statutory income tax rates including consideration of the current tax basis of the properties and related carryforwards, giving effect to permanent differences and tax credits. The resulting future net cash flows are reduced to present value amounts by applying a 10% annual discount factor.The assumptions used to compute the standardized measure are those prescribed by the Financial Accounting Standards Board and do not necessarily reflect our expectations of actual revenue to be derived from those reserves nor their present worth. The limitations inherent in the reserve quantity estimation process, as discussed previously, are equally applicable to the standardized measure computations since these estimates reflect the valuation process.The following summary sets forth our future net cash flows relating to proved natural gas, oil and NGL reserves based on the standardized measure:Years Ended December 31,202420232022Future cash inflows$24,213 (a)$14,659 (b)$76,626 (c)Future production costs(7,007)(3,326)(10,177)Future development costs(3,537)(d)(2,779)(e)(5,343)(f)Future income tax provisions(119)(174)(10,440)Future net cash flows13,550 8,380 50,666 Less effect of a 10% discount factor(6,019)(3,903)(24,361)Standardized measure of discounted future net cash flows$7,531 $4,477 $26,305 ___________________________________________(a)    Calculated using prices of $2.13 per Mcf of natural gas, $75.48 per Bbl of oil and $75.48 per Bbl of NGL, before basis differential adjustments.(b)    Calculated using prices of $2.64 per Mcf of natural gas, before basis differential adjustments.(c)    Calculated using prices of $6.36 per Mcf of natural gas, $93.67 per Bbl of oil and $43.58 per Bbl of NGL, before basis differential adjustments.(d)    Included approximately $1,625 million of future plugging and abandonment costs as of December 31, 2024.(e)    Included approximately $730 million of future plugging and abandonment costs as of December 31, 2023. (f)    Included approximately $979 million of future plugging and abandonment costs as of December 31, 2022. 

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TABLE OF CONTENTSEXPAND ENERGY CORPORATION AND SUB