Privately backed Flywheel Energy LLC has agreed to acquire from Southwestern Energy Co. the company’s Fayetteville shale business and related midstream gathering assets for $1.865 billion in cash. Southwestern will divest 915,000 net acres, 4,033 operated producing wells, 3.7 tcf of proved reserves as of yearend 2017, anticipated production of 225-230 bcf in 2019, and associated midstream gathering systems and compression.

Source: News