OKC’s Flywheel Energy makes major expansion in Arkansas shale play

Flywheel Energy


Oklahoma City’s Flywheel Energy just expanded its holdings by 5,000 wells in the Fayetteville Shale play of Arkansas in a purchase from Exxon Mobil Corp.

The purchase price was not disclosed by either company but when Exxon acquired the 381,000 acres in 2010, it was in a $650 million deal.

Flywheel’s acquisition includes 850 natural gas wells in operation and another 4,100 non-operated reported the Northwest Arkansas Democrat Gazette.


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