Comstock Resources, Inc. and Azerbaijan’s SOCAR have signed a framework agreement advancing their previously announced $1.65 billion strategic partnership in the Haynesville shale. The agreement formalizes the companies’ commitment to negotiate and execute a definitive purchase and sale agreement consistent with the letter of intent announced earlier this year. Comstock expects the definitive agreement […]
Comstock Resources has announced a proposed $1.65 billion strategic partnership with Azerbaijan’s SOCAR alongside a $450 million drilling venture backed by Jerry Jones, providing new capital to accelerate development of the company’s Legacy and Western Haynesville natural gas assets. Under a letter of intent, SOCAR would pay $1.65 billion in cash for a 20% non-operated working interest in Comstock’s Legacy Haynesville assets and […]