Deal Insight
Southwestern sells its Fayetteville assets to Flywheel for US$1.865 bn
Report summary
Southwestern's much anticipated Fayetteville exit is in the rear-view mirror. It sold its entire position to Flywheel Energy, a private company backed by Kayne Private Energy Income Funds, for US$1.865 billion in cash plus US$468 million of future contractual liabilities. This marks the second Fayetteville sale is as many months to a private equity-backed operator focused on mature fields. Once the crown jewel of its portfolio, the company almost single-handedly de-risked the play a decade ago. But anaemic gas prices and more attractive well economics in the Marcellus stunted most operators' activity in the region from 2014. So why are private operators interested in legacy US shale gas? What did we value Southwestern's Fayetteville position at? Dive deeper in this report.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 8 images and tables including:
- Executive summary: Table 1
- Southwestern wells drilled in Fayetteville
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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