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$1.65B SOCAR Deal and $450M Drilling JV Strengthen Comstock Resources

Comstock Resources logoComstock Resources
Sig3.52Sen+6.30Env-2.60Soc+0.70Gov+1.20

Comstock Resources proposed a $1.65 billion partnership with SOCAR to buy minority interests in Comstock’s Legacy Haynesville, Western Haynesville and Pinnacle Gas Services assets for cash, while Comstock remains operator. The company also entered a $450 million drilling joint venture with a Jones family partnership that funds most well costs, aimed at easing financial pressure, developing resources, and expanding international gas marketing.

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