The theory of welded and extended welded knots is a generalization of classical knot theory. Welded (resp. extended welded) knot diagrams include virtual crossings (resp. virtual crossings and wen marks) and are equivalent under an extended set of Reidemeistertype moves. We present a new class of invariants for welded and extended welded knots and links using a multi-skein relation, following Z. Yang's approach for virtual knots. Using this skein-theoretic approach, we find sufficient conditions on the coefficients to obtain invariance under the extended Reidemeister moves appropriate to welded and extended welded links.