Stone Ridge Holding backed-Flywheel Energy to acquire Anadarko Basin assets from ConocoPhillips for $1.3bn.

Synopsis

Stone Ridge Holding-backed Flywheel Energy, a private E&P company focused on natural gas-rich assets, agreed to acquire Anadarko Basin assets from ConocoPhillips for $1.3bn.

Principals

target

Conocophillips (anadarko Basin Assets)

bidder

FLYWHEEL

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Market Context