Deal Insight
Comstock Resources acquires Covey Park Energy
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Our long-held thesis that the Haynesville needs to consolidate is coming true. Comstock Resources announced plans to acquire Covey park for an enterprise value of US$2.25 billion. Following the acquisition of Covey Park's 248,830 net acres, Comstock will now control 373,935 net acres across the Cotton Valley and Haynesville/Bossier Shale.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Comstock and Covey Park Activity (Haynesville Total Organic Carbon)Comstock and Covey Park Activity (Bossier Total Organic Carbon)
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Upstream assets: Table 1Deal analysis: Table 1Deal analysis: Table 2Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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