ArcLight Sells Long-time San Juan Operator LOGOS in $400 Million Deal

Private-equity fund North Hudson takes over LOGOS Resources II, a long-time operator in the San Juan Basin of New Mexico and Colorado.

Hart Energy July 2022 - ArcLight Sells Long-time San Juan Operator LOGOS in $400 Million Deal

LOGOS Resources II LLC built a large portion of its position in the San Juan Basin through a 2017 acquisition of WPX Energy’s assets for $169 million. (Source: LOGO Resources / Oil and Gas Investor)

Private-equity fund North Hudson Resource Partners LP purchased San Juan Basin operator LOGOS Resources II LLC from affiliates of ArcLight Capital Partners LLC for $402 million, according to a North Hudson news release.

LOGOS’ net production averages 106 MMcfe/d across a 230,000 net-acre position in the San Juan Basin of New Mexico and Colorado. The company recently commenced its 2022 drilling program and anticipates increasing net production to about 130 MMcfe/day by year-end.

A long-time San Juan Basin operator, LOGOS has an “extensive inventory” of drilling locations in the Mancos Shale and Gallup oil play, North Hudson said in a June press release.

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Darren Barbee

Darren Barbee is senior editor for Oil and Gas Investor magazine.