Dunamis Energy Announces Formation and Partnership with EnCap Investments and Acquisition of Chord DJ Basin Assets
Denver, CO – October 25, 2024 – Dunamis Energy Holdings, LLC (“Dunamis Energy”) is pleased to announce its formation and partnership with EnCap Investments, L.P., a leading provider of growth capital to the independent sector of the U.S. energy industry. Dunamis is also pleased to announce the successful closing of its acquisition of select oil and gas assets located in the DJ Basin of Colorado from Chord Energy. This capital partnership and acquisition marks a significant initial step forward in Dunamis’ goal to create an operated upstream oil and gas business of scale.
Acquisition highlights:
~32,000 net leasehold acres in Weld County, CO positioned within the Northern DJ Basin
18 operated horizontal wells, producing approximately 1,000 boepd
Significant development opportunities in the Codell and Niobrara formations
“We are thrilled to launch Dunamis Energy with the backing of EnCap Investments,” said John McCready, CEO of Dunamis. “This partnership and initial acquisition create an exciting platform for Dunamis, and we are thrilled to grow the Company over the next several years.”
With over 50 years of combined experience, Dunamis’ leadership team has consistently demonstrated the ability to execute complex acquisitions, manage and develop a high-quality asset base, and deliver superior risk-adjusted returns to investors. The DJ Basin is known for its prolific production potential and low break-even economics.