Current CRK Stock Info

Comstock acquires Covey Park Energy for $2.2 billion
Dallas Cowboys owner Jerry Jones and company made a deal to acquire a young, up-and-coming player last Friday, but the deal had nothing to do with football.

Rather, it involved Haynesville producer Comstock Resources (stock ticker: CRK), of which Jones is a majority owner. Comstock is purchasing Covey Park Energy, a private natural gas company operating out of the north Louisiana and east Texas regions of the Haynesville.

Source: Comstock Resources

Jones will be personally chipping in $475 million to the $2.2 billion deal, bringing his total investment in the company to $1.1 billion. Upon closing, he will remain the largest shareholder with a 75% stake.

In exchange, Jones wil...


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