Comstock Resources entered a letter of intent with SOCAR to sell a 20% interest in Legacy Haynesville assets, a 15% interest in Western Haynesville assets, and a 15% stake in Pinnacle Gas Services for $1.65B in cash, significantly reducing its debt.
Comstock Resources entered a letter of intent with SOCAR to sell a 20% interest in Legacy Haynesville assets, a 15% interest in Western Haynesville assets, and a 15% stake in Pinnacle Gas Services for $1.65B in cash, significantly reducing its debt.