COMSTOCK RESOURCES, INC. ANNOUNCES THE DIVESTITURE OF BAKKEN SHALE ASSETS
Comstock Resources, Inc. (CRK)
Last comstock resources, inc. earnings: 2/26 04:30 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=101568&p=irol-irhome
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Source: GlobeNewswire
FRISCO, TX, Oct. 07, 2021 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that it has entered into an asset purchase agreement with Northern Oil & Gas, Inc. ("NOG") to sell its assets in the Bakken shale for $154 million in cash, subject to adjustment and customary closing conditions. The properties being sold include non-operated interests in over 400 producing wells (65.9 net) with recent production of greater than 4,500 net barrels of oil equivalent per day (approximately 65% oil). The sale is expected to close in the fourth quarter and will have an effective date of October 1, 2021. Comstock expects to recognize a pre-tax loss of $130-$140 million on the divestiture. EnergyNet is acting as exclusive advisor to Comstock on the sale. Comstock plans to re-invest the proceeds from the property sale into its Haynesville shale development program, including the acceleration of completing 13 (9.4 net) drilled and uncompleted wel
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News
- Comstock Resources, Inc. (NYSE: CRK) had its price target lowered by analysts at Mizuho from $10.00 to $9.00. They now have an "underperform" rating on the stock.MarketBeat
- COMSTOCK RESOURCES, INC. ANNOUNCES FIRST QUARTER 2024 EARNINGS DATE AND CONFERENCE CALL INFORMATIONGlobeNewswire
- Comstock Resources, Inc. (NYSE: CRK) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
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- Comstock Resources, Inc. (NYSE: CRK) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $8.00 to $9.00. They now have a "sell" rating on the stock.MarketBeat
CRK
Earnings
- 2/13/24 - Miss
CRK
Sec Filings
- 4/9/24 - Form 8-K
- 4/2/24 - Form 8-K
- 4/2/24 - Form 8-K
- CRK's page on the SEC website