Expand Energy and Evolution Well Services Announce New Strategic Partnership to Drive Operational Excellence and Stewardship through Electric Frac Technology

Key Terms

hydraulic fracturing technical

Hydraulic fracturing is a method for extracting oil and natural gas that involves injecting pressurized fluid and small solid particles into underground rock to create and hold open tiny cracks, allowing trapped fuel to flow to a well. For investors, it matters because successful fracturing can sharply increase a well’s output and revenue potential, while also carrying higher upfront costs, regulatory scrutiny, and environmental risks that can affect a company’s value.

electric frac technical

Electric frac is a method of hydraulic fracturing where the pumps and other wellsite equipment are powered by electricity instead of diesel engines. For investors, it matters because switching to electric power can cut fuel costs, reduce emissions and noise, simplify logistics, and help companies meet regulatory and environmental goals—similar to a factory replacing many small gas generators with a single cleaner power source, which can improve margins and lower operational risk.

gas conditioning technical

Gas conditioning is the industrial process of cleaning and adjusting raw natural gas so it meets safety, sales and pipeline standards — for example by removing water, sulfur, carbon dioxide, liquids and unwanted heavy hydrocarbons and by stabilizing its composition. For investors it matters because conditioning determines how much gas can be sold, whether pipelines or customers will accept it, what byproducts can be recovered for extra revenue, and how much processing will cost, much like washing and trimming produce affects both price and shelf-life at market.

OKLAHOMA CITY & THE WOODLANDS, Texas--(BUSINESS WIRE)-- Expand Energy Corporation (NASDAQ: EXE) (“Expand Energy”) and Evolution Well Services (“Evolution”) today announced a new agreement to deploy Evolution’s 100% electric hydraulic fracturing technology for use in Expand Energy’s upcoming completions program with a fleet in Northeast Appalachia.

Expand Energy and Evolution announce a new agreement to deploy Evolution’s 100% electric hydraulic fracturing technology in Northeast Appalachia

The deployment of Evolution’s fully integrated, patent-protected gas conditioning, power generation services, and electric frac operations will provide a diminished noise profile, condensed equipment footprint, and streamlined surface layout. These features will contribute to a more controlled worksite with reduced congestion and fewer distractions to support workforce safety, minimize impact to nearby residents, and create a work environment that is easier to manage.

Through the agreement, Evolution’s in-house digital technology suite will also be leveraged by Expand to provide real-time transparency into operational and environmental metrics, ensuring both teams remain aligned on their shared goals of safety, continuous learning, and constant improvement.

Expand Energy and Evolution’s partnership is grounded in strong cultural alignment as well as a shared commitment to stewardship and operational excellence. Both companies approach safety as the foundation of performance, emphasizing disciplined planning, clear communication, and consistent execution to foster operating environments defined by control, predictability, and accountability to protect people.

This cultural alignment also supports the operational efficiency gains that the partnership is designed to deliver: When crews operate in a structured, well-communicated environment with fewer surprises, less reactive decision-making is required and execution becomes more consistent. Stable operations reduce unnecessary exposure, limit disruption, and allow teams to focus on running the job as designed. In this way, safety discipline and operational performance are directly connected, rather than competing priorities.

“We’re excited to integrate Evolution’s proven, disruptive electric fracturing technology into our completions program, advancing our commitment to efficient and responsible development,” said Josh Viets, Chief Operating Officer for Expand Energy. “This collaboration positions Expand Energy to further differentiate our performance and improve capital efficiency while maintaining our uncompromising standards for safety and environmental stewardship. By incorporating Evolution’s data capture and analytics capabilities into our digital ecosystem, we’ll unlock new insights into how we stimulate our wellbores and elevate the consistency and quality of our execution.”

“We are proud to partner with Expand Energy who shares our commitment to innovation, safety, and responsible energy development,” said Nick Ruppelt, Chief Operating Officer of Evolution Well Services. “Our integrated electric fracturing, power generation, and field gas conditioning processing platform is built to support Expand Energy’s mission to deliver the energy the world needs affordably, reliably, and responsibly. Together, our aligned safety cultures and advanced technology strengthen wellsite execution and demonstrate how a strong partnership drives reliable, high-quality completions.”

About Expand Energy Corporation

Expand Energy Corporation (NASDAQ: EXE) is North America’s largest natural gas producer, powered by dedicated and innovative employees focused on expanding the value of natural gas by connecting global scale to growing markets. Expand Energy’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its advantaged portfolio, financial strength, and operational excellence. Expand Energy is committed to expanding America’s energy reach to fuel a more affordable, reliable, lower carbon future. For more information, visit www.expandenergy.com.

About Evolution Well Services

Evolution Well Services’ mission is to set the standard for electric fracturing by delivering consistent, best-in-class operational excellence through safety, innovation, and teamwork. The company leverages fully integrated, patent-protected electric frac operations, in-house power generation, and advanced field gas conditioning services to deliver efficient, reliable, and engineered solutions. Together, We Innovate to enhance performance, maximize efficiency, and create lasting value for customers across the oil and gas industry. For more information, visit www.evolutionws.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260224137978/en/

For media inquiries, please contact:



Brooke Coe

Expand Energy

405.935.8878

media@expandenergy.com



Kasey Hohl

Evolution Well Services

281.296.1550

fracinfo@evolutionws.com

Source: Evolution Well Services