Company: EXEEZ
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000895126-25-000021
Chunk: 13

Company: EXPAND ENERGY Corp
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 13
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 $1.0 billion increase due to the Southwestern Merger.

Production Expenses

Years Ended December 31,20242023$/Mcfe$/McfeHaynesville$170 0.30 $185 0.33 Northeast Appalachia97 0.15 81 0.12 Southwest Appalachia49 0.32 — — Eagle Ford— — 90 0.91 Total production expenses$316 0.23 $356 0.27 

Production expenses in 2024 decreased $40 million compared to 2023. The decrease was primarily due to a $90 million decrease due to the Eagle Ford divestitures, which was partially offset by a $49 million increase in Southwest Appalachia due to the Southwestern Merger. Haynesville had a net decrease of $15 million due to a $51 million decrease in workover activity, saltwater disposal expenses and treating expenses, partially offset by a $36 million increase related to the Southwestern Merger. Northeast Appalachia increased $16 million due to an additional $22 million of expense related to the Southwestern Merger, partially offset by a $6 million decrease related to lower workover expense, saltwater disposal and repairs and maintenance. 

63

Gathering, Processing and Transportation Expenses (“GP&T”)

Years Ended December 31,20242023$/Mcfe$/McfeHaynesville$326 0.58 $263 0.46 Northeast Appalachia507 0.77 433 0.65 Southwest Appalachia202 1.33 — — Eagle Ford— — 157 1.57 Total GP&T$1,035 0.75 $853 0.64 

Gathering, processing and transportation expenses in 2024 increased $182 million compared to 2023. The increase was primarily due to a $404 million increase related to the Southwestern Merger. The increase was partially offset by a $157 million decrease due to the Eagle Ford divestitures. Additionally, curtailments led to decreased volumes resulting in decreases of $58 million and $66 million in Haynesville and Northeast Appalachia, respectively. These decreases were partially offset by increases of $11 million and $48 million related to rate increases in Haynesville and Northeast Appalachia, respectively.

Severance and Ad Valorem Taxes

Years Ended December 31,20242023$/