Comstock agrees to buy Delaware Basin assets

摘要

Comstock Resources Inc., Frisco, Texas, (NYSE: CRK) has entered into a definitive agreement to acquire acreage in the Delaware Basin in West Texas from Eagle Oil & Gas Co. and certain other parties for $332.7 million.Included are approximately 68,000 gross (44,000 net) acres in the Southern Delaware Basin in Reeves County in West Texas that are prospective for development in the Bone Spring and Wolfcamp shales. The acquisition consists primarily of leasehold but also includes an estimated 23.2 million BOE of proved reserves at closing and net daily production of approximately 1,400 BOE per day.