SAN JUAN TURNS OVER

摘要

In November 2017,Logos Resources II,backed by ArcLight Capital Partners,bought San Juan gas production and undeveloped acreage that WPX Energy Inc.divested for $169 million.Some 900 producing wells were included,along with 200 undeveloped horizontal locations.The package was spread over Rio Arriba and San Juan counties,N.M.;and Archuleta and La Plata counties,Colo.In February 2018,WPX left the basin's Gallup oil play after reaching an agreement to sell about 105,000 net acres in Rio Arriba,San Juan and Sandoval counties,N.M.,for $700 million.Although WPX didn't disclose the buyer in its initial announcement,regulatory filings later identified it as Enduring Resources IV LLC,a private Denver company helmed by industry veteran Barth Witham.The Gallup oil play had previously been a part of WPX's plans and was producing 10,800 barrels of oil per day(boe/d) in third-quarter 2017.