Comstock Resources Signs $1.65B Strategic Gas Partnership with SOCAR

Key Facts

1Comstock Resources signed a framework agreement with SOCAR for a $1.65 billion investment in the Haynesville Shale.

2A definitive purchase and sale agreement is expected by October 31, 2026, with the transaction closing by year-end.

Comstock Resources signed a framework agreement with SOCAR for a $1.65 billion investment in the Haynesville Shale. GlobeNewswire reported that the partnership focuses on natural gas assets located near Gulf of America LNG export facilities, formalizing a previously announced letter of intent between the two companies.

CRK closed at $13.12 on September 25, 2026, with a session high of $13.7 and a low of $13.01. A definitive purchase and sale agreement is expected to be signed by October 31, 2026, with the full strategic transaction projected to close by the end of the year.