Flywheel Energy, a private oil and gas exploration and production company, acquired Southwestern Energy's Fayetteville Shale assets in 2018 and is now the operator of the largest position in the Fayetteville Shale, focusing on responsible and sustainable returns through operational excellence. 

Here's a more detailed look at Flywheel Energy and its activities in the Fayetteville Shale:

• Acquisition: Flywheel Energy, backed by Kayne Anderson Private Energy Income Funds, acquired Southwestern Energy's Fayetteville Shale business in 2018 for nearly $1.9 billion. 

    Fayetteville Shale: The Fayetteville Shale is a prolific natural gas basin in Arkansas that requires hydraulic fracturing (fracking) to release the gas. 

    Company Focus: Flywheel Energy's focus is on responsible delivery of sustainable returns through operational excellence, with a goal of improving incrementally every day. 

    Drilling Plans: Flywheel Energy Development has filed applications to drill new horizontal wells in Cleburne County, and plans to drill five wells this year, which are the first new wells drilled by any company in the Fayetteville Shale since 2018. 

    Investment: Flywheel's total investment for the project will be $25 to $30 million. 

    Operations: Flywheel Energy operates approximately 5,000 natural gas wells, including 850 operated and approximately 4,100 non-operated, and related pipeline and processing properties across approximately 381,000 acres. 

    Headquarters: Flywheel Energy is headquartered in Oklahoma City. 

    CEO: Justin Cope is the Founder and CEO of Flywheel Energy. 

    Community Relations: Flywheel Energy has a Director of Community Relations, Andy Miller. 

    Business Model: Flywheel Energy is focused on finding a level of gas that can be maintained for 10, 20, 30, or 40 years, rather than trying to double or triple production quickly. 

    Economic Impact: The Fayetteville Shale has a significant economic impact on Arkansas, with Flywheel's operations contributing to jobs and revenue. 

    Other Activities: Flywheel Energy is also involved in other areas of the energy industry, including digital commerce and retail operations. 

https://www.flywheelenergy.com/