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1-25-2017
Comstock Resources Inc. (NYSE: CRK) is adding to its holdings in the Haynesville Shale with a joint venture (JV) that requires the company to spend minimal cash, Comstock said Jan. 9. The Frisco, Texas-based company said it entered an agreement with USG Properties Haynesville LLC to jointly develop Haynesville acreage in Louisiana and Texas outside of Comstock’s core. USG, a subsidiary of NextEra Energy Inc., will contribute 3,315 net acres it recently acquired and an estimated 20 potential locations. From there, Comstock intends to work with USG during 2017 to acquire additional acreage for the venture. |