San Juan Basin Horizontal Mancos Oil Project


San Juan Resources has assembled a 25,000-acre Mancos oil horizontal project
with over 250 projected laterals and seeks partners to take to the next level

General Overview:


  • Surrounded by 50 MMBO, 250 BCF vertical production
  • 25,000 Acres, Federal and Fee (40% fee, 40% HBP)
  • 500-950 MBOE EUR per well, strong show wells
  • Two Federal Units are formed and APD's approval Q1 '23
  • Very low-cost entry into Project
  • Size of the Prize:  250-Mancos 1-mil lats (Mancos C & B)

Phase 1:

  • 30 Mancos 1.5-mi lats (Mancos C & B)
  • NPV15 $176 MM
  • ROI 98%, @ 12/2023 strip adjusted to net wellhead pricing
  • 17 MMBO; 49,000 MMCF
  • $5.7 MM D&C: 1.5-mi laterals, long-term drilling program efficiencies of scale

Deal Terms:

  • 10% carry in 3 wells earns pro rata share of AMI leasehold
  • 85% IRR, 1.3 year payout, single well economics 
  • Project shovel ready
  • 80% committed to project (20% available)

Other key attributes:

  • Existing gas gathering infrastructure  -take away up to 7 mmcfpd
  • Stable New Mexico State regulatory structure due to Permian Basin anchor
  • Multiple producing formations-- Dakota--Conv, Unconv (2 zones) Oil, condensate, and Hi Btu Gas AND Pictured Cliffs--Hi Btu Gas
  • DJR Energy and Enduring are developing Mancos HZ averaging 8900 and 7500 MBOEPD respectively, EOG has 125-well HZ program nearby

Contact Jerry at for additional information, access to data room, and presentation.