Comstock Resources Inks Letter Of Intent With State Oil Company Of Azerbaijan To Sell 20% Some Non-Operated Working Stake In Its Legacy Haynesville Upstream Assets, Western Haynesville Upstream Assets, Pinnacle Gas Services For $1.65B
Comstock Resources, Inc. (NYSE and NYSE Texas: CRK) ("Comstock" or the "Company") announced today that it has entered into a letter of intent with the State Oil Company of the Azerbaijan Republic
Comstock Resources agreed to sell a big chunk of its gas business to Azerbaijan's oil company for $1.65 billion. This shows someone thinks Comstock's gas wells are valuable, which could mean the company is doing something right.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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