One-Page Deal Sheet
Comstock Ups Ante in the Haynesville; Acquires WI for $20.5MM
Comstock Resources Inc. Shelby Shale LLC
Announced Date
December 19,2018
Transaction Type
Working Interest
Enterprise Value (EV)($MM)
21
Asset/Basin:
{"Haynesville Shale"}
TargetZones:
{"Haynesville Shale"
Net Acres
Net Operated Locations:
Location
Calculated Metrics( EV/Category)
Region
Ark-La-Tex
Country
United States
State
Texas
County
Harrison ,Panola
Play
Calculated Metrics( EV/Category)
$/ Acre
$/Location
Transaction Details: Subscribe to see
Comstock Resources has entered into an agreement with Shelby Shale, LLC to acquire interest in the company's Haynesville acreage for $20.5 million.
The deal includes: An 88% interest in 6,124 gross acres (6,023 net) Asset located Harrison and Panola counties, TexasComstock will pay the purchase price over a four year period by granting Shelby a 12% interest in each well drilled by Comstock on the acreage up to a total of $20.5 million in carried costs.
Comstock has identified 33 (22.9 net) potential drilling locations on this acreage, including 27 (22.4 net) that would be operated by…
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