One-Page Deal Sheet
Comstock Acquiring Bakken Assets for $620MM in Deal with Arkoma Drilling
Comstock Resources Inc. Arkoma Drilling LP
Announced Date
April 30,2018
Effective Date
April 01,2018
Close Date
August 14,2018
Transaction Type
JV
Enterprise Value (EV)($MM)
620
Asset/Basin:
{"Williston Basin"}
TargetZones:
{"Bakken Shale"}
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
On the heels of scoring a $75MM investment from Jerry Jones and his company, Arkoma Drilling, Comstock has inked a deal to acquire Williston Basin Bakken properties for $620 million from Arkoma Drilling / Williston Drilling LP.
There is no debt associated with the properties. Arkoma will receive approximately 88.6 million newly issued shares of Comstock common stock based on an agreed upon share price of $7.00 per share. Upon completion of the transaction, Arkoma will own approximately 84% of the Company's pro forma outstanding shares.
Property Details: Located in North Dakota…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| May-13-2025 |
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| Jan-31-2024 |
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