Energy investment firm North Hudson Resource Partners LP, Houston, has acquired LOGOS Resources II LLC from affiliates of ArcLight Capital Partners LLC for $402 million.
LOGOS' assets include over 230,000 net acres in the San Juan basin, current net production of 106 MMcfed, and an inventory of drilling locations in the Mancos shale and Gallup oil play in northwest New Mexico, North Hudson said in a June 2 release.
LOGOS began its 2022 drilling program recently and anticipates increasing net production to 130 MMcfed by yearend.
LOGOS will continue to be led by its existing management team, including Jay Paul McWilliams as chief executive officer.
North Hudson's current portfolio comprises both non-operated and operated oil and gas assets with interests in over 4,500 wells mostly in the Permian basin, Denver-Julesburg basin, San Juan basin, and Haynesville shale.
