Comstock secures Jones family financing for Haynesville drilling

Comstock Resources entered a $450 million Haynesville shale drilling venture with Jerry Jones, the company’s majority stockholder, effective 1 September 2026. Under the arrangement, a partnership owned by the Jones family will fund 85% of drilling and completion costs for 18 Western Haynesville wells and 80% of costs for nine Legacy Haynesville wells that Comstock will drill and complete over the following 12 months.

Once the Jones family partnership achieves a 15% return on its investment, 50% of its interest in the wells will revert to Comstock. Comstock will retain operatorship of the wells throughout the program.

The drilling venture is intended to support continued development and delineation of Comstock’s approximately 545,000 net acres in the Western Haynesville, where the company is targeting growing natural gas demand from Gulf Coast LNG exports, power generation and data centers.