North Hudson Resource Partners Acquires LOGOS Resources

Thursday, June 2, 2022 at 1:29 PM

LOGOS will continue to be led by its existing management team, including its CEO Jay Paul McWilliams. Management is comprised of San Juan Basin veterans, collectively bringing more than 100 years of regional drilling and operating experience as well as an extensive track record of community interaction and environmental stewardship.

From PR Newswire

June 2, 2022

North Hudson Resource Partners LP and its affiliated funds ("North Hudson"), in partnership with the management team of LOGOS Resources II, LLC ("LOGOS"), announced that it has acquired LOGOS from affiliates of ArcLight Capital Partners, LLC ("ArcLight") for approximately $402 million. LOGOS' assets include over 230,000 net acres in the San Juan Basin, current net production of 106 MMcfe per day, and an extensive inventory of drilling locations in the core of the prolific Mancos Shale and Gallup oil play. LOGOS recently commenced its 2022 drilling program and anticipates increasing net production to approximately 130 MMcfe per day by year end.

"We are excited to partner with North Hudson and will use our new resources to accelerate the development of our Mancos and Gallup reserve base following the success of our 2021 horizontal drilling program," said Jay Paul. "Our operating and development track record, basin-leading ESG programs, and financial and strategic support provided by North Hudson, place LOGOS in an excellent position to execute on the next phase of value creation."

"We are very pleased to have the opportunity to work with Jay Paul and the LOGOS team" added Mark Bisso, Managing Partner of North Hudson. "LOGOS presents a significant opportunity for our investors given the Company's strong management team, significant and stable production base, and expansive undeveloped resource base."

Kirkland & Ellis and Skadden served as legal counsel for North Hudson.

More from Local News

Gov. to Visit Flood-Stricken San Juan County

The governor’s visit was carefully scheduled to give first responders, law enforcement and emergency vehicles ample time to complete rescues and other emergency work during the flooding. Now that the floodwaters are receding and initial damage assessments are underway, the Governor will survey the disaster zone and work to get families the help they need.
National Guard, State Police carry out rescues as historic flooding hits San Juan County

New Mexico Governor Lujan Grisham preparing request for federal disaster declaration
Bloomfield: Wastewater Emergency

Bloomfield Residents and businesses: please minimize water use until further notice. Postpone laundry and dishwasher use, keep showers brief, and reduce toilet flushing when practical and sanitary. Every reduction helps limit wastewater entering the river.
Kirtland Students on Remote Learning thru Thursday

The district has worked with the Lower Valley Water Users Association on the testing needed to lift the boil water notice. Because of the number of tests required, the district has decided to keep students on remote learning as a precaution for their well-being. If test results come back early, the district must still follow processes and protocols to flush and clear the water lines at each school before in-person instruction can resume. Safety is our top priority for the well-being of our Kirtland students.
*UPDATE* Boil Water Advisory Lifted for Lower Valley Water Users

Water Samples taken from the Lower Valley Water Association system have tested negative for e-coli. The Boil Water notice has been lifted for customers.
Woman's Husband Arrested for Kirtland Killing

Through the course of the investigation, detectives discovered that Lauren Patterson’s husband, Jess Patterson, had previously resided in California and had been arrested at least 6 times for domestic violence in that state and had been arrested in July 2026 in New Mexico for battering Ms. Patterson. An autopsy revealed Ms. Patterson suffered multiple broken bones, bruising, and internal injuries.