LOGOS will continue to be led by President Jay Paul McWilliams, together with John Bruner as Vice President, Christopher Jeffus as Director of Land and Legal, and Kelly Maxwell as Operations Advisor.
"After a successful partnership that began in 2012, we are excited to continue our relationship with ArcLight in pursuing attractive, scalable opportunities in the San Juan Basin," said Jay Paul McWilliams. "LOGOS' operating record backed by ArcLight's financial strength places LOGOS in an excellent position to continue building its reputation as one of the top operators in the San Juan Basin."
"We are very pleased to back Jay Paul and his team again on this new venture," added Dan Revers, Managing Partner and co-Founder of ArcLight. "The San Juan represents a particularly attractive basin for ArcLight, and LOGOS' expertise in developing and operating successful assets in this region is clear."
About ArcLight Capital Partners
ArcLight is one of the leading private equity firms focused on energy infrastructure investments. Founded in 2001, we helped pioneer an asset-based private equity approach to investing in the dynamic energy sector. We have invested approximately $16.5 billion in 98 transactions since inception, generating strong realized returns for our limited partners from 62 exits across diverse market cycles. Based in Boston, our 29-person investment team targets midstream, power and production opportunities with substantial growth potential, significant current income and meaningful downside protection, typically on a proprietary basis. We employ a hands-on value creation strategy that utilizes our in-house technical, operational and commercial specialists as well as our 400-person asset management affiliate. More information about ArcLight, and a complete list of ArcLight's portfolio companies, can be found at www.arclightcapital.com.
About LOGOS Resources
LOGOS Resources II, LLC, an ArcLight portfolio company, is an oil and gas acquisitions and development company focused on acquiring and developing assets in the San Juan Basin. LOGOS' predecessor, LOGOS Resources, LLC, was backed by ArcLight with an initial capital commitment of $50 million and subsequently received an upsized capital commitment of $100 million. The majority of LOGOS Resources, LLC's core Gallup position was successfully sold in Q3 2014. LOGOS Resources II, LLC, which controls approximately 143,000 net acres with current production of approximately 46 MMcfepd in the San Juan Basin, is focused on enhancing development of existing assets and pursuing acquisitions of additional producing and non-producing properties in the San Juan Basin. For more information, please visit LOGOS' website at www.logosresourcesllc.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/arclight-commits-to-second-partnership-with-logos-resources-acquiring-129000-acres-in-san-juan-basin-300303532.html
SOURCE ArcLight Capital Partners