Private E&Ps becoming dominant in San Juan
Private companies continue to increase their hold on the San Juan basin, as Encana (ticker: ECA) announced the sale of its San Juan assets today.

Encana will receive $480 million from Denver-based DJR Energy.

Encana held 182,000 net acres in the San Juan, assets that produced 5.4 MBOEPD in 2017. This selling price equates to $2,640 per acre or $1,600 per acre after adjusting for production, far below the acreage prices seen in many major shale basins. Encana expects the sale will close in Q4...

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