LogIn LogOut

Southwestern Energy to Sell Shale Business

September 4, 2018

Oil and gas producer Southwestern Energy Co said on Tuesday it would sell its Fayetteville shale business to privately owned Flywheel Energy LLC in an all-cash deal for about $1.87 billion.

As part of the deal, Flywheel will assume $438 million of future contractual liabilities. The transaction is effective July 1 and is expected to close in December.

Reporting by Shanti S Nair in Bengaluru



Current News

Equinor Dumps Great Australian Bight Oil Drilling

Equinor Dumps Great Australian Bight Oil Drilling

Triangle Energy Shuts Cliff Head Alpha Output Citing Electrical Fault

Triangle Energy Shuts Cliff Head Alpha Output Citing Electrical Fault

Indonesia's Oil & Gas Output Set for Drop

Indonesia's Oil & Gas Output Set for Drop

Cooper Eyeing Annie Gas Find Start-Up in 2022

Cooper Eyeing Annie Gas Find Start-Up in 2022

Oil Retreats in Face of Renewed Coronavirus Uncertainty

Oil Retreats in Face of Renewed Coronavirus Uncertainty

Nayara Energy Director Resigns After U.S. Sanctions Imposed

Nayara Energy Director Resigns After U.S. Sanctions Imposed

SembMarine's Former Consultant in Brazil Gets 19 Years in Prison

SembMarine's Former Consultant in Brazil Gets 19 Years in Prison

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week