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Flywheel Energy, LLC

Company Summary

Description

Kayne Private Energy backed private E&P company.

Operational Regions

  • Fayetteville Shale

Related Entities

Recent news

  • 8/29/2022 - ExxonMobil Agrees to... (subscriber access)
  • 7/2/2019 - Northern Oil and Gas'... (subscriber access)
  • 12/4/2018 - Southwestern Energy... (subscriber access)
  • 9/4/2018 - Southwestern Energy... (subscriber access)

Company Transactions

Date: 10/15/2022
Type: Acquisition

BUYERS:
  • Flywheel Energy, LLC
    • SELLERS:
  • ExxonMobil Corporation
    • DETAILS:

    ACRES: 381000 Acres

    NOTES:
    Exxon will sell its natural gas properties in the Fayetteville Shale to Flywheel Energy, aligning with Exxon's goal to sell $15 billion worth of non-core properties. Flywheel Energy is based in Oklahoma City and expects to gain 5,000 natural gas wells and 381,000 acres from the sale. The final sale details have yet to be announced, but the original sale price of the assets was $650 million back in 2010.
    REGIONS:
  • Fayetteville Shale

    • Date: 7/2/2019
    Type: Acquisition

    BUYERS:
  • Northern Oil and Gas, Inc.
    • SELLERS:
  • Flywheel Energy, LLC
    • DETAILS:

    VOLUMES: 6.6 MBOE/d

    ACRES: 18000 Acres

    NOTES:
    Northern Oil and Gas, Inc. entered into a definitive agreement to acquire the Williston Basin properties of Flywheel Energy. The assets to be acquired (the “Assets”) are expected to produce approximately 6,600 barrels of oil equivalent (“Boe”) per day (2-stream) during the second half of 2019 and consist of approximately 18,000 net acres containing 86.9 net producing wells, 2.7 net wells in process, and 47.5 net undrilled locations across the heart of the Williston Basin.
    REGIONS:
  • Williston Basin

    • Date: 12/4/2018
    Type: Acquisition

    BUYERS:
  • Flywheel Energy, LLC
  • Kayne Private Energy Income Fund, LP
    • SELLERS:
  • Southwestern Energy Co.
    • DETAILS:

    COST: 1.865 $B

    VOLUMES: 620 Mmcf/d

    ACRES: 915000 Acres

    REGIONS:
  • Fayetteville Shale