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Expion Energy Acquires Louisiana Oil and Gas Assets for $3.425 Million, Marking First Foray into Sector and Appointing New CEO
The transaction for Expion Energy (formerly Expion360 Inc.) includes approximately 3,000 net acres of existing leasehold and one wellbore. The company plans to invest up to $4 million in additional leasing programs and test drilling by February 15, 2027. Expion Energy has appointed Kevin Sellers as its new CEO to drive the development of its oil and gas platform and changed its name from Expion360 Inc. to Expion Energy, Inc. on August 20 to reflect its broader operational strategy.
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