Encana Wraps Up Sale of San Juan Assets
Friday,December 28,2018
Encana has finalized its $480MM sale of its San Juan asset in New Mexico to Denver-based DJR Energy.
The sale of Encanas non-core San Juan asset includes approximately 182,000 net acres and represents the companys total land position in the play. In 2017, the asset delivered average production of approximately 5,400 barrels of oil equivalent per day including 3,900 barrels per day of liquids.
The company also announced plans to buy back $1.25 billion in stock - click here to read more in Shale Experts' Financing Database.
In Other Deals - Acquisition, Mergers, Divestitures news
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