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New Deal


Announced

Flywheel Energy to acquire Arkansas shale gas assets from Exxon.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Friendly

Single Bidder

Integrated Oil and Gas

Majority

Domestic

United States

Infrastructure

Pending

oil and gas assets

Private

Acquisition

Synopsis

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Flywheel Energy, an oil and gas exploration and production company, agreed to acquire Arkansas shale gas assets from Exxon, an oil and gas company. Financial terms were not disclosed. The assets under agreement include approximately 5k natural gas wells - 850 operated and approximately 4.1k non-operated - and related pipeline and processing properties across approximately 381k acres.

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