---
schema_version: "secwatch.filing_event.v1"
accession: "0000895126-23-000107"
form_type: "8-K"
ticker: "EXE"
cik: "0000895126"
company_name: "EXPAND ENERGY Corp"
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T13:38:29.653533+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Chesapeake sells final Eagle Ford package to SilverBow for $700M; total exit proceeds exceed $3.5B

## Summary
- Sale of ~42,000 net acres and ~540 wells in condensate-rich Eagle Ford for $700M.
- Chesapeake receives $650M at close; $50M deferred one year plus contingent up to $50M based on WTI.
- Exit from Eagle Ford totals >$3.5B; company to focus on Marcellus and Haynesville.
- Q2 2023 production from assets averaged ~29,000 boe/d (60% liquid), generating ~$50M EBITDAX.
- Transaction expected to close in 2023; proceeds to strengthen balance sheet and share repurchase program.

## SEC filing metadata
- accession: 0000895126-23-000107
- form_type: 8-K
- ticker: EXE
- cik: 0000895126
- company_name: EXPAND ENERGY Corp
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895126/000089512623000107/0000895126-23-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895126/000089512623000107/chk-20230811.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000895126-23-000107
- JSON: https://secwatch.observer/filing/0000895126-23-000107.json
- Plain text: https://secwatch.observer/filing/0000895126-23-000107.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.