Southwestern Energy (NYSE:SWN) +4.8% premarket after agreeing to sell its Fayetteville Shale exploration and production and related midstream gathering assets for $1.865B in cash to Flywheel Energy, which the company says will reposition it to deliver greater value from higher return Appalachia assets.
Flywheel also agrees to assume $438M of future contractual liabilities after taking into account certain obligations retained by SWN.
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While press release shows equity group - Kayne Anderson is putting up the $1.865 Billion - same report shows a group by the name of Flywheel Energy? Any idea who they are?
Permalink Reply by Skip Peel - Mineral Consultant on I didn't find anything on Flywheel Energy and suspect that the company is newly created by Kayne Anderson to act as the operator of the Fayetteville Shale assets.
Permalink Reply by Alan Herrington on 
The History of GoHaynesvilleShale.com
GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…
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