A logging system and method for use in a wellbore formed in an earth formation. A tubular conduit that extends from the surface into the wellbore is included in the system. The conduit includes a stabilizer with sensors to obtain data from the wellbore. A communication interface is used to communicate data from the stabilizer to the logging tool string. Also, a surface communication and control device, along with a telemetry device can be included in the system. The telemetry device could be used to send and receive data to and/or from the surface communication and control device, if needed. Also provided is a logging tool string that is capable of passing from a position within the conduit to a position outside the lower end of the conduit. In addition, a memory storage device used to and store data collected from the wellbore for further analysis and communication.