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