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A&D - Comstock buys private Haynesville firm for $31MM in stock - November 2019



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Still in Haynesville expansion mode following its $2.2 billion acquisition of Covey Park Energy in July, Comstock Resources acquired bolt-on acreage primarily in DeSoto Parish, Louisiana, on Nov. 1 through the acquisition of a privately held Haynesville company. Paying 4.5 million shares valued at $31 million, the company picked up 3,000 net acres, with 75 wells (27% WI) producing 12 MMcf/d, an estimated 89 Bcfe in proved reserves and 12.7 net future drilling locations.......
 
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