Flywheel Energy is proud to join the Arkansas community as operator of the largest position in the Fayetteville Shale. An asset at the forefront of America’s energy independence revival, this prolific basin is well-positioned to deliver decades of affordable energy to the U.S. gas market.
Flywheel Energy’s focus is the delivery of sustainable returns through operational excellence. Our goal is to improve incrementally every single day over an extended period of time. Along this journey, we will operate ethically, put our teammates ahead of ourselves, and keep an open mind towards technological and operational innovation.
Core to the accomplishment of our goals is the quality of the team, which is why we are honored to join an organization with an exceptional track record of safe and reliable operations. We look forward to uniting with this experienced operations team to continue the Fayetteville legacy as members of the Flywheel Energy team.
Flywheel Energy began as Valorem Energy in early 2017 with backing from the Kayne Anderson Private Energy Income Fund. In 2017, Valorem acquired interests in the Williston Basin for $285 million, which the Flywheel organization continues to retain.
In August of 2018, the Fund committed a second time to the management team with $700 million of equity in the form of the newly-formed Flywheel Energy. Flywheel Energy is a private exploration and production company formed to acquire and operate large, producing onshore U.S. oil and gas assets with an emphasis on the Rockies and Mid-Continent.
Concurrent with the new commitment, Flywheel signed a definitive agreement to acquire Southwestern Energy’s legacy gas properties and affiliated midstream business in the Fayetteville Shale in Arkansas for $1.865 billion. With this acquisition, Flywheel entities will have made almost $2.1 billion of acquisitions since 2017.