Comstock Lands $450 Million Financing Deal with Jones Family for Haynesville Drilling

Comstock Resources has secured a significant financing deal with the Jones family for its Haynesville shale drilling operations. Under the agreement, a partnership owned by the Jones family will fund 85% of the costs for 18 Western Haynesville wells and 80% of the costs for nine Legacy Haynesville wells that Comstock will drill and complete over the next 12 months.

The total value of this funding is $450 million, with the partnership set to achieve a 15% return on its investment before transferring 50% of its interest in the wells back to Comstock. This drilling venture aims to support continued development and delineation of Comstock's approximately 545,000 net acres in the Western Haynesville.

The company is targeting growing natural gas demand from Gulf Coast LNG exports, power generation, and data centers. As part of this agreement, Comstock will retain operatorship of the wells throughout the program. The deal is effective as of September 1, 2026.