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Copper Tip Energy

DJR Energy to Acquire Encana’s San Juan Basin Assets

These translations are done via Google Translate

DENVER–(BUSINESS WIRE)–DJR Energy, LLC (“DJR” or the “Company”) has agreed to acquire Encana Corporation’s (“Encana”) San Juan Basin assets. The pending acquisition includes approximately 182,000 net acres, and, when combined with DJR’s existing assets, the Company will have a total of over 350,000 net acres focused in the oil window of the San Juan Basin. At close of the pending acquisition, DJR will have production of over 6,000 barrels of oil equivalent per day and hold an inventory of over 1,100 high value drilling locations boasting breakevens competitive with other premier oil basins.

“Our entire management team is very excited to acquire this world class asset from Encana, who has been a fantastic operator. We are now poised to become a dominant player in the San Juan Basin as we combine their asset with our existing footprint and focus our efforts on further developing our acreage,” said Dave Lehman, President and CEO at DJR.

“We at Trilantic North America are thrilled to be partners with Dave and the exceptional team at DJR. This investment combines a world class asset with a world class management team. We are excited to further unlock the potential of the San Juan Basin,” commented Glenn Jacobson, Partner of Trilantic North America.

Latham & Watkins LLP and Davis Polk & Wardwell LLP acted as legal advisors to DJR and Trilantic North America.

About DJR Energy

DJR is an oil and gas exploration and production company formed in April 2017 by Dave Lehman and funded by Trilantic Capital Management L.P. (“Trilantic North America”), Waveland Energy Partners and Global Energy Capital. Since 2002, the DJR Energy management team has delivered exceptional returns to investors via the successful creation and sale of two companies in the DJ Basin of Colorado (DJ Resources LP and DJ Resources LLC). With DJR Energy, LLC, this highly talented management team has turned their attention to the San Juan Basin of northern New Mexico. For more information, visit

About Trilantic North America

Trilantic North America is a private equity firm focused on control and significant minority investments in North America. Trilantic North America’s primary investment focus is in the business services, consumer, and energy sectors. Trilantic North America currently manages six private equity fund families with aggregate capital commitments of $9.0 billion. To date, Trilantic North America’s energy team has committed approximately $4.1 billion in capital across 27 energy investments. For more information, visit

About Waveland Energy Partners

Founded in 2000, Waveland Energy Partners LLC is a private equity firm focused on the upstream oil and gas industry. Waveland’s investments are in some of the most prolific basins in the U.S.: Permian Basin in West Texas, Anadarko Basin in western Oklahoma, the Williston Basin in North Dakota and the San Juan Basin in northwestern New Mexico. For more information on Waveland, visit

About Global Energy Capital

Global Energy Capital, based in Houston, is a private equity firm focused on investing growth capital in dynamic energy companies. GEC has successfully partnered with management teams to grow companies across oil and gas producing markets globally. For more information on Global Energy Capital, visit


For Trilantic North America
Prosek Partners
Mariel Seidman-Gati, 917-722-8293
[email protected]

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