Privately held DJR Energy entered an
agreement to acquire EnCana’s San Juan
Basin assets for $480 million. Closing is
expected in Q4, with an effective date of
April 1, 2018.
DJR is gaining 182,000 net acres
(69,000 undeveloped) in Rio Arriba, San
Juan and Sandoval counties, New Mexico.
Production in 2017 averaged 5,400 boe/d
(78% liquids). The asset comes with 50
MMcf/d of third-party processing capacity.
Encana recently reported that five 2017
wells in the Tocito formation were exceeding
the type curve. The Canadian producer was
also evaluating......
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