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Executive Q&A: Transforming DJR Energy

A D-J Basin veteran’s start-up will apply horizontal drilling to the Mancos Shale on assets acquired from Encana Corp. in the San Juan Basin.

Leslie

Haines

Oil and Gas Investor

Fri, 03/29/2019 - 08:00 AM

Executive Q&A: Transforming DJR Energy

In addition to its existing production pictured, DJR Energy plans new horizontal wells in the San Juan Basin this year. (Source: DJR Energy LLC)

Two days after Christmas, during vacation days that are often marked by a year-end rush to conclude business, Denver-based DJR Energy LLC closed on its acquisition of Encana Oil & Gas (USA) Inc.’s San Juan Basin assets in New Mexico. It paid US$480 million, or as calculated by a Jefferies analyst, $35,000 per flowing barrels of oil equivalent (boe).

The deal included approximately 182,000 net acres. In 2017, these assets produced about 5,400 boe/d, including 3,900 boe/d of liquids, according to Encana.

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Leslie Haines

Leslie Haines is executive editor-at-large for Oil and Gas Investor. One of the most respected oil and gas industry journalists in the business, she is celebrating her 30th year at the magazine.

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