One-Page Deal Sheet
Comstock Inks Haynesville JV Deal; 20 Wells
Comstock Resources Inc. USG Properties Haynesville LLC
Announced Date
January 09,2017
Transaction Type
JV
Transaction Details: Subscribe to see
Comstock has entered into a joint development venture that will target the Haynesville shale.
Comstock and USG Properties Haynesville, LLC have entered an agreement to jointly develop certain acreage prospective for the Haynesville shale in Louisiana and Texas which has recently been acquired by USG.
Comstock will operate the wells to be drilled and will manage the drilling program. Comstock will receive a 12.5% working interest in the acreage in consideration for serving as operator and can acquire an additional 12.5% working interest in each well drilled by reimbursing USG for the related…
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