Comstock Moves Deeper Into Haynesville Play

January 4, 2019

 

Comstock Resources has a new $20.5 million deal for Haynesville shale rights in Texas.

The Frisco-based company backed by Dallas Cowboys owner Jerry Jones has entered an agreement with Shelby Shale LLC for an 88% interest in shale rights for more than 6,000 acres in Harrison and Panola counties near the Louisiana border.

Comstock has agreed to spread the purchase price over four years, giving Shelby a 12% interest in wells drilled on the acreage by Comstock, of which 33 have been identified.