Whiptail Midstream Acquires DJR Energy’s Oil, Gas, and Water Gathering Systems in San Juan Basin
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Whiptail Midstream said company has acquired the oil, gas, and water gathering assets of DJR Energy in the Gallup oil window of the San Juan Basin.
As part of the transaction, DJR has agreed to a long-term dedication of its leasehold acreage for oil, natural gas, and water production to Whiptail. The acquisition more than doubles Whiptail’s dedicated acreage, miles of pipeline and production flowing on its assets. The company now has more than 475,000 dedicated acres and nearly 525 miles of pipeline in the San Juan Basin.
Whiptail plans to build out gathering infrastructure for DJR as it develops its acreage. The assets will be designed for multi-well pad development to minimize future surface disturbance. The combined portfolio offers multiple synergies to make the midstream infrastructure in the San Juan as efficient and reliable as possible.
“We are excited to work with DJR in developing the midstream infrastructure that they need to support their activity in the San Juan Basin while also growing our network,” said Whiptail Midstream CEO Josh Lamberton.
“DJR is a proven operator with an experienced team and track record of exploring and developing oil and gas positions in the DJ and now the San Juan basins,” added Lamberton.
“Whiptail has a substantial infrastructure position in the San Juan, and we look forward to benefiting from their experience, operational efficiency and reliability as the midstream service provider for DJR and our upstream partners moving forward,” said DJR CEO David H. Lehman.
About Whiptail Midstream
Based in Tulsa, Oklahoma and with midstream operations in the San Juan Basin in Northwest New Mexico, Whiptail Midstream is an energetic and innovative company with extensive experience throughout the midstream value chain. Whiptail was founded in 2016 by management and I Squared Capital.
To stop by Whiptail’s website, CLICK HERE
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, Waveland Energy Partners, and Global Energy Capital. Since 2002, the DJR Energy management team successfully created and sold two companies in the DJ Basin of Colorado (DJ Resources LP and DJ Resources LLC). With DJR Energy, this highly talented management team is now successfully developing the San Juan (Mancos) oil window in the San Juan Basin of northern New Mexico.
To stop by DJR Energy’s website, CLICK HERE
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