Comstock Resources, Inc. Announces Haynesville Shale Acreage Acquisition

Comstock Resources, Inc. Announces Haynesville Shale Acquisition

Frisco, Texas, Dec. 19, 2018 (GLOBE NEWSWIRE) —

COMSTOCK RESOURCES, INC. ANNOUNCES
HAYNESVILLE SHALE ACREAGE ACQUISITION
FRISCO, TEXAS, December 19, 2018 – Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) announced today that it has entered into an agreement with Shelby Shale, LLC (“Shelby”) to acquire an 88% interest in  6,124 gross acres (6,023 net) limited to Shelby’s Haynesville shale rights in Harrison and Panola counties, Texas for $20.5 million.  Comstock 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 …

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