Encana Sells San Juan Assets To DJR Energy For $480 Million

摘要

Encana Corp. (NYSE: ECA) is exiting another position, this time in the San Juan Basin, as the Calgary, Alberta-based company further zeros in on its four-basin strategy. Denver-based DJR Energy LLC agreed to acquire Encana’s San Juan assets located in northern New Mexico for $480 million. The assets include about 182,000 net acres. Production from the assets averaged roughly 5,400 barrels of oil equivalent per day (boe/d) in 2017, including 3,900 barrels per day of liquids.