WebNov 27, 2024 · pulses pro. search. subscribe On July 16, 2024, Comstock Resources, Inc (NYSE: CRK) finalized its acquisition of Haynesville operator Covey Park Energy LLC. Announced on June 10, 2024, the companies entered into an agreement under which Comstock would acquire Covey Park in a cash and stock transaction valued at approximately $2.2 … See more The transaction is structured in multiple layers, including a substantial investment from Dallas Cowboys owner and Comstock majority stockholder, Jerry Jones. Details behind the total deal consideration are … See more The table below outlines the allocation for both the assets acquired and the liabilities assumed. The calculation is management’s estimate from the Definitive Proxy Statement that Comstock had filed with the SEC on … See more Below is a list of comparable companies that Comstock identifies in their latest 10-K as competitors, excluding non-gas players, and common … See more While the company already owns over 500 miles of gas gathering infrastructure, it also enjoys many locational benefits: limited basis risk due … See more

Comstock Resources Wraps Up Purchase Of Haynesville …

WebJun 10, 2024 · At closing Comstock will assume Covey Park’s existing $625 million 7.5% senior notes, retire amounts outstanding under Covey Park’s credit facility, and redeem … WebJun 11, 2024 · The wave of consolidation across the domestic oil and gas industry continued on Monday with the news that Comstock Resources, Inc. had entered into a $2.2 billion agreement to acquire Covey Park, LLC. crosby landing beach brewster

Comstock Eyed as No. 1 Haynesville Producer with Covey Park …

WebJul 16, 2024 · OF COVEY PARK ENERGY MERGER. FRISCO, TX, July 16, 2024 - Comstock Resources, Inc. (NYSE: CRK) ("Comstock" or the "Company") today … WebJul 17, 2024 · Comstock funded the Covey Park acquisition through a combination of debt under a new $2.5 billion revolving credit facility and its investment from Jones. Comstock’s management team will continue to be led by M. Jay Allison as board chairman and CEO and Roland Burns as president and CFO. Covey Park co-CEO John Jacobi along with … WebJun 10, 2024 · At closing Comstock will assume Covey Park's existing $625 million 7.5% senior notes, retire amounts outstanding under Covey Park's credit facility, and redeem … crosby landing beach sunset brewster