Comstock Resources Inc., Frisco, Texas, (NYSE: CRK) plans to acquire South Texas properties from SWEPI LP, an affiliate of Shell Exploration & Production, for $170.0 million. Assets include 11,500 acres (7,600 net) in the Dinn Ranch, Fandango, Rosita and Rosita East fields in Duval and Zapata counties, Texas. The properties include 70 producing wells (43.3 net). Production is approximately 21.9 million cubic feet of natural gas per day. Net proved reserves are approximately 57.8 billion cubic feet. Comstock estimates an additional 90 billion cubic feet potential from future exploitation.
Recommended Reading
Type One Energy, Private Equity Firm Partner to Advance Fusion Energy
2025-02-14 - The partnership between Pine Island New Energy Partners and Type One Energy focuses on identifying and evaluating fusion industry supplier chain companies to grow the sector.
Bloom Energy, Chart Industries Form CCUS Partnership for Low-Emissions NatGas
2025-02-14 - Bloom Energy and Chart Industries aim to use natural gas and fuel cells to generate power through their carbon capture partnership.
Howard Energy Partners Closes on Deal to Buy Midship Interests
2025-02-13 - The Midship Pipeline takes natural gas from the SCOOP/STACK plays to the Gulf Coast to feed demand in the Southeast.
NOG Spends $67MM on Midland Bolt-On, Ground Game M&A
2025-02-13 - Non-operated specialist Northern Oil & Gas (NOG) is growing in the Midland Basin with a $40 million bolt-on acquisition.
Exclusive Occidental, CrownRock Merge Into Team of Overachievers
2024-12-10 - Thaimar Ramirez, president and general manager for Occidental Petroleum’s Midland Basin Business Unit, said 100 days after closing the CrownRock acquisition production guidance keeps going higher.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.