by - February 23, 2025 7:26 pm
David Howald, Flywheel Energy’s chief operating officer, said that controlling costs, new technology, and industry economics are at the heart of his company investing heavily in the Fayetteville Shale Play….
by - February 17, 2025 1:24 pm
Three new permits have been submitted for horizontal drilling in the once booming Fayetteville Shale play. Flywheel Energy Development, an Oklahoma City-based private oil and gas exploration and production firm,…
by - December 4, 2018 5:25 pm
Oklahoma City-based Flywheel Energy LLC closed on an earlier announced deal to acquire the top leasehold position in the Fayetteville Shale play from Southwestern Energy Co. at a purchase price…
by - September 5, 2018 6:43 am
After nearly two decades as the so-called Fayetteville Shale leader, Southwestern Energy Co. has found an exit door. The Houston-based oil and gas company, which marked the beginning of the…
by - July 27, 2018 6:15 am
After nearly three years of hand-wringing over the declining value of the Fayetteville Shale play, Australian multinational BHP Billiton Ltd. sold off the Arkansas natural gas development and its other…
by - July 18, 2018 10:08 am
BHP Billiton’s high-stakes auction to sell off its Fayetteville Shale interest in Arkansas and exit the U.S. onshore oil and gas business by year-end is progressing as planned, the Australian…
by - May 30, 2018 1:55 pm
Rising oil and natural gas prices and a more attractive corporate tax structure are driving interest in BHP Billiton’s auction of its U.S. onshore assets, which include the Fayetteville Shale…
by - April 19, 2018 11:30 am
BHP Billiton has begun the “exit process” for its U.S. onshore operations and expects to receive one or several bids later this summer for the Australian mining conglomerate’s money-losing shale…
by - February 20, 2018 4:26 pm
BHP Billiton has officially kicked off the fire sale for the Fayetteville Shale by hiring Wall Street banking giant Barclays to set up a “virtual data room” to provide prospective…
by - February 8, 2018 4:15 pm
Nearly two years after laying off hundreds of employees and halting its drilling program in Arkansas, Houston-based Southwestern Energy announced Thursday (Feb. 8) it will put its Fayetteville Shale assets…
by - January 17, 2018 6:17 pm
Australia’s BHP Billiton announced Wednesday (Jan. 17) it plans to move forward with an exit strategy to divest its U.S. onshore operations, which includes the global mining giant’s Fayetteville Shale…
by - August 10, 2017 2:57 pm
Although Southwestern Energy has largely halted its exploration and development activities in the Fayetteville Shale play, the company’s top executive said in a recent conference call with Wall Street analysts…
by - May 20, 2017 11:58 am
Southwestern Energy Co. is expected to take another multi-million dollar hit to its bottom line after a Conway County judge announced a preliminary $45 million settlement in a class action…
by - April 26, 2017 4:06 pm
BHP Billiton CEO Andrew Mackenzie said Wednesday (April 26) the Australian mining giant has initiated the sale of its “non-core” U.S. operations and is reviewing the possible auction of its…
by - April 10, 2017 3:22 pm
BHP Billiton, which is down to less than 100 workers in the Arkansas Fayetteville Shale play, on Monday rejected a proposal by a U.S. hedge fund to split the Australian…
by - February 24, 2017 8:54 am
Southwestern Energy Co. announced plans to invest between $1.175 billion to $1.275 billion in fiscal 2017, a 66% boost from the company’s rebooted $770 million spending program in 2016 that…
by - January 25, 2017 4:22 pm
A spokeswoman for BHP Billiton told Talk Business & Politics Wednesday (Jan. 25) that the Australian mining and energy conglomerate’s current budget in the Fayetteville Shale is “nominal,” and that…
by - October 22, 2016 10:23 am
Even as Southwestern Energy posted a major production milestone in the Fayetteville Shale, the Texas driller continued to operate in the red in the third quarter as drilling activity ramped…
by - September 30, 2016 1:51 pm
For the first time since the end of 2015, a natural drilling rig in Arkansas is up and running in the Fayetteville Shale play as natural gas futures bounced around…
by - September 27, 2016 3:09 pm
An IHS Markit report shows that U.S. natural gas production in the lower 48 states increased by about 1.4% in August, marking the second month in a row where output…
