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San Juan Basin

San Juan Basin News

Comstock to Acquire Assets from Ovation Energy For $62.5 Million

Comstock to Acquire Assets from Ovation Energy For $62.5 Million

Comstock Resources agreed to acquire substantially all of the assets of Ovation Energy, L.P. for $62.5 million, expanding its producing footprint across multiple U.S. natural gas basins. The…

Mach Resources Buys San Juan Gas Asset for $787 Million

Premium content Mach Resources Buys San Juan Gas Asset for $787 Million

Mach has agreed to purchase IKAV San Juan for an $787 million. Mach expects to fund the transaction with IKAV San Juan with $462 million in stock and…

Encap-Backed E&P Files for Bankruptcy; Aims to Find Buyer

Encap-Backed E&P Files for Bankruptcy; Aims to Find Buyer

Southland Royalty Company has filed for bankruptcy, according to a recent bankruptcy filing. The company is backed by PE firm Encap Investments and is based in Fort Worth,…

BEST WELL : Private E&P Flows 4700 Bopd Well in San Juan Basin

BEST WELL : Private E&P Flows 4700 Bopd Well in San Juan Basin

DJR Energy, the company who in December acquired 182,000 net acres from Encana Corp. for $480 million, is wasting no time demonstrating what the asset can do. The…

Harvest Oil & Gas Unloads San Juan Assets for $42.8MM

Premium content Harvest Oil & Gas Unloads San Juan Assets for $42.8MM

Harvest Oil & Gas Corp. has agreed to sell all of its interests in the San Juan Basin in New Mexico and Colorado to an undisclosed buyer for…

Encana Wraps Up Sale of San Juan Assets

Encana Wraps Up Sale of San Juan Assets

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…

Encana Sells Off San Juan Assets for $480 Million

Premium content Encana Sells Off San Juan Assets for $480 Million

Encana has reached an agreement to sell its San Juan assets, located in New Mexico for US$480 million to Denver-based DJR Energy, LLC. This deal closed on December…

PE-Backed E&P Acquires San Juan BasinProperty for $700 Million

Premium content PE-Backed E&P Acquires San Juan BasinProperty for $700 Million

WPX Energy has agreed to sell its San Juan Basin Gallup oil assets for $700 million to Enduring Resources IV, LLC. This deal closed on March 29, 2018.…

WPX Tightens Well Spacing in the Delaware Basin; 15 Wells Per Section

WPX Tightens Well Spacing in the Delaware Basin; 15 Wells Per Section

WPX reported its Q1 2017 results and highlights from its presentation / release include:

New Capital: 37 Private New E&P Companies Scored Over $5.8B in 2016; Here Is Where They Plan to Spend it

New Capital: 37 Private New E&P Companies Scored Over $5.8B in 2016; Here Is Where They Plan to Spend it

In 2016, numerous private E&Ps scored fresh capital from private equity firms that totaled approximately $5.757 billion (excluding undisclosed investments).

San Juan Basin Top Operators (Undrilled Permits)

Company Last 12 Months
DJR Energy 33
Hilcorp Energy Company 28
Enduring Resources, Llc 21
locked 11
locked 4
locked 2
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San Juan Basin Drilling Permits Trends (Last 24 Months)

San Juan Basin Well Completion Trend

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San Juan Basin Rig Data: August 29, 2026

San Juan Basin Overview

The San Juan Basin, considered one of the nation’s top natural gas deposits, is home to approximately 18 percent of Energen’s total proved reserves. The basin is contained in the Four Corners area, which is made up of northwestern New Mexico, southwestern Colorado, northeastern Arizona and southeastern Utah.

The San Juan is also home to the Mancos formation.

San Juan Basin Mergers & Acquisitions

San Juan Basin Transactions By Quarter ($MM)