
Flywheel Energy began as Valorem Energy in early 2017 with backing from the Kayne 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 2018, the platform 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.
In December 2018, Flywheel Energy closed on its acquisition of Southwestern Energy Company’s Fayetteville Shale Business. With this acquisition, Flywheel entities will have made over $2.1 billion of acquisitions since 2017.
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