Expion Energy, Inc., formerly Expion360 Inc., has acquired oil and gas assets in Eastern Louisiana, marking its first entry into the sector as the company broadens its strategy beyond its established energy storage business. The transaction includes approximately 3,000 net acres of existing leasehold, a wellbore and mineral title research covering roughly 13,000 net acres. Expion paid an adjusted $3.425 million in cash at closing and plans to fund an additional leasing programme ahead of drilling and testing targeted by February 15, 2027. Kevin Sellers has been appointed CEO as Expion builds its oil and gas platform, while the corporate name has changed from Expion360 Inc. to Expion Energy, Inc.
Expion360 IncAcquires oil and gas assets, diversifying into new sector with strategic expansion.
