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June 11, 2019
Source: Reuters

Comstock Resources to buy out Covey Park

Texas-based Comstock Resources has agreed to buy the natural gas firm, Covey Park in an approximately $2.2 billion deal, including debt. The acquisition is aimed at reinforcement of Comstock’s position in the Haynesville shale basin. Covey Park’s acquisition would boost Comstock’s net production to over 1.1 billion cubic feet equivalent per day.

   Read More About : Mergers and Acquisitions Natural Gas UPSTREAM US Oil and Gas Investments
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