DENVER--(BUSINESS WIRE)--DJR Energy, LLC (“DJR” or the “Company”) has closed on the previously announced acquisition of Encana Corporation’s (“Encana”) San Juan Basin assets. Today the Company holds the largest position in the core of the oil window in the San Juan Basin with over 350,000 net acres and an inventory of over 1,100 high value drilling locations boasting breakevens competitive with other premier oil basins. At close of the pending acquisition, DJR will have production of approximately 7,000 barrels of oil equivalent per day and a gas midstream gathering system servicing its assets.
“We look forward to continuing to unlock the potential of the southern San Juan Basin and believe DJR is well positioned as the dominant player in the oil window. Our team has done an excellent job of preparing for the transition and we look forward to commencing drilling operations,” said Dave Lehman, President and CEO of DJR.