San Juan

Encana Corp. has officially exited the San Juan Basin, announcing Thursday that it has completed the sale of 182,000 net acres in New Mexico to Denver-based DJR Energy LLC.

Energen Corp. plans to sell off its non-core assets in the San Juan and Delaware basins as it transitions to a pure-play operator in the Permian Basin, the company said.

NuDevco Midstream Development LLC(NMD), sponsor ofMarlin Midstream Partners LP, has agreed to buy a 28-acre industrial site near Albuquerque, NM, for an undisclosed price. The site includes rail access and room for crude oil storage tanks and multiple transloaders. Located in Bernalillo County, the site targets the San Juan Basin. NMD owns eight transloaders ready to be deployed. It is expected that once fully developed and commercially viable, the transloading and storage facilities will eventually be available to be dropped down to Marlin. “San Juan is an underserved crude oil region with tremendous demand for value-added midstream services, especially crude transloading and storage services,” said NMD CEO Keith Maxwell. The transaction is expected to close during the fourth quarter of 2013.

WPX Energy has achieved its second exploratory success of the year, this time from the Mancos Gallup Sandstone formation in the oil window of Northwest New Mexico’s San Juan Basin, company management said during an earnings conference call.