Flywheel Energy began as Valorem Energy in early 2017 with backing from the Kayne Anderson Private Energy Income Fund. In 2017, Valorem acquired interests in the Williston Basin for $285 million, which the Flywheel organization continues to retain. In August of 2018, the Fund committed a second time to the management team with $700 million of equity in the form of the newly-formed Flywheel Energy. Flywheel Energy is a private exploration and production company formed to acquire and operate large, producing onshore U.S. oil and gas assets with an emphasis on the Rockies and Mid-Continent. Concurrent with the new commitment, Flywheel signed a definitive agreement to acquire Southwestern Energy’s legacy gas properties and affiliated midstream business in the Fayetteville Shale in Arkansas for $1,865 Million. With this acquisition, Flywheel entities will have made almost $2.1 billion of acquisitions since 2017.