DENVER--(BUSINESS WIRE)--DJR Energy, LLC (“DJR” or the “Company”) has agreed to acquire Encana Corporation’s (“Encana”) San Juan Basin assets. The pending acquisition includes approximately 182,000 net acres, and, when combined with DJR’s existing assets, the Company will have a total of over 350,000 net acres focused in the oil window of the San Juan Basin. At close of the pending acquisition, DJR will have production of over 6,000 barrels of oil equivalent per day and hold an inventory of over 1,100 high value drilling locations boasting breakevens competitive with other premier oil basins.
“Our entire management team is very excited to acquire this world class asset from Encana, who has been a fantastic operator. We are now poised to become a dominant player in the San Juan Basin as we combine their asset with our existing footprint and focus our efforts on further developing our acreage,” said Dave Lehman, President and CEO at DJR.