Comstock Resources Announces Common Stock Offering-oil and gas 360

Comstock Resources

Comstock Resources is based in Frisco, Texas and is engaged in the acquisition, development, production and exploration of oil and natural gas with operations concentrated in Louisiana, Texas and North Dakota. Our common stock is listed and traded on the New York Stock Exchange under the ticker CRK.

In August 2018 we closed our agreement with Jerry Jones, Dallas businessman and owner of the Dallas Cowboys Football Club Ltd., under which he contributed oil and gas properties in North Dakota in exchange for common stock in the Company. The contribution provided us with substantial cash flow to invest in our high return Haynesville shale drilling program and the capital to further grow our drilling prospect inventory through acquisitions of additional properties in the Haynesville shale. The equity contribution, coupled with the refinancing of our debt at that time, positioned Comstock to be able to achieve greater size and scale in the Haynesville shale.

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