Denver firm buys San Juan Basin oil wells

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Denver firm buys San Juan Basin oil wells

DJR Energy purchases assets from Encana for $480 million
Encana Corp. announced Monday it has reached an agreement to sell its San Juan Basin assets, located in northern New Mexico, for $480 million to Denver-based DJR Energy. DJR Energy will gain some 182,000 acres to exploit for oil exploration and 90 horizontally drilled wells.

Denver firm buys San Juan Basin oil wells

Encana Corp. announced Monday it has reached an agreement to sell its San Juan Basin assets, located in northern New Mexico, for $480 million to Denver-based DJR Energy. DJR Energy will gain some 182,000 acres to exploit for oil exploration and 90 horizontally drilled wells.
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