trending Market Intelligence /marketintelligence/en/news-insights/trending/Fd5UOndawsFKiQOOuYG5aQ2 content esgSubNav
In This List

ArcLight-backed oil, gas firm to buy San Juan Basin assets from WPX

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


ArcLight-backed oil, gas firm to buy San Juan Basin assets from WPX

LOGOS Resources II LLC, backed by the private equity firm ArcLight Capital Partners LLC, agreed to acquire WPX Energy Inc.'s legacy gas properties and undeveloped Mancos Shale acreage in the San Juan Basin.

The assets included in the sale consist of about 900 producing wells and more than 200 potential horizontal Mancos gas drilling sites across about 134,000 net acres, nearly all held by production, in Rio Arriba and San Juan counties of New Mexico and La Plata and Archuleta counties in Colorado. The assets currently produce about 73 MMcfe/d, according to a Dec. 7 news release. Financial terms were not disclosed.

LOGOS would have about 283,000 net acres across the oil, gas and condensate windows of the San Juan Basin and production of about 112 MMcfe/d upon closing the sale, which is expected by the end of the year.

"This acquisition enhances LOGOS' position as a leading San Juan Basin operator, and the consolidated lease position adds a deep inventory of extended lateral horizontal Mancos gas opportunities to complement our existing position in the Gallup oil window," said LOGOS President Jay Paul McWilliams. "As substantially all acquired acreage is held by production, we will transition the assets into our existing base while further optimizing operating eciencies prior to deploying additional capital."

LOGOS Resources II is an oil and gas acquisitions and development company focused on acquiring and developing assets in the San Juan Basin.