Our Nation's Energy Future ("ONE Future") today announced that Flywheel Energy has joined the Coalition. Flywheel 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 Fayetteville Shale.

“One of Flywheel’s primary goals is the delivery of sustainable returns through operational excellence,” said Richard Hyde, Executive Director, ONE Future. “Through its participation in the Coalition and the knowledge sharing of our member companies, I have no doubt that Flywheel will easily surpass those goals.”

The ONE Future Coalition is a group of natural gas companies working together to voluntarily reduce methane emissions across the natural gas value chain to 1% (or less) by 2025 and is comprised of some of the largest natural gas production, gathering & boosting, processing, transmission & storage and distribution companies in the U.S. and represents more than 15% of the U.S. natural gas value chain. As a ONE Future member, Flywheel will report its 2020 methane results within the Production sector and hold a seat on the board of directors.

“Flywheel’s Mission is to - Responsibly provide reliable and affordable American energy, while achieving superior risk-adjusted returns for our investors. This includes a commitment to incremental ESG improvements, and more specifically GHG emissions improvements. We are always striving to operate responsibly and keep an open mind towards technological and operational innovation,” said Justin Cope, Flywheel’s Chief Executive Officer. “ONE Future’s alignment with our Mission, is what makes membership a good fit for our company.”

Through the efforts of coalition members, ONE Future has surpassed its one percent goal in each of the three years that it has reported its methane intensity. The 2019 Methane Intensity Report, released in November 2020, registered a 2019 methane intensity number of 0.334%: beating its one percent goal by 67%. This means that methane emissions by coalition members across the natural gas value chain consisted of only about one-third of one percent of all natural gas produced and delivered, demonstrating that the natural gas industry can minimize methane emissions and increase production and throughput while supplying much needed energy to the U.S. and around the globe for years to come.

KeyFacts Energy: Flywheel Energy US onshore country profile