Comstock to Sell Haynesville Stakes to SOCAR for $1.65B to Cut Debt
Comstock Resources announced plans to sell stakes in its Haynesville shale assets and related midstream business to SOCAR for $1.65 billion in cash to reduce debt. The deal could improve CRK's balance sheet and liquidity, potentially lifting credit metrics and financing flexibility, though the impact on future production and asset monetization specifics remains uncertain until closing.
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