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Stock impact report

Jerry Jones' gas firm Comstock pays $1.1 billion for Haynesville producer [Reuters]

Chesapeake Energy Corporation (CHK) 
Last chesapeake energy corporation earnings: 2/26 07:00 am Check Earnings Report
US:NYSE Investor Relations: chk.com/investors
Company Research Source: Reuters
Jerry Jones' gas firm Comstock pays $1.1 billion for Haynesville producer - Reuters 3 Min Read (Reuters) - Dallas Cowboys owner Jerry Jones strengthened his company Comstock Resources Inc’s grip on one of the largest natural gas basins in the United States with a $1.1 billion deal to buy privately held Covey Park. The cash-and-stock deal will more than triple Comstock’s position in Louisiana’s Haynesville basin, making the combined company the largest operator in the region. Net production will also more than double to over 1.13 billion cubic feet equivalent per day. Natural gas output at Haynesville, located in northern Louisiana and eastern Texas, is projected to be the second-fastest growing among shale basins this month, according to the U.S. Energy Information Administration. The basin rose to prominence in 2008 after rival Chesapeake Energy Corp said Haynesville may hold 20 trillion cubic feet equivalent of potential reserves. Jones, who first invested in Comstock in April last Show less Read more
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