Comstock to acquire Covey Park for $2.2 billion

Comstock Resources has agreed to acquire privately held, Haynesville-focused Covey Park Energy in a $2.2-billion cash and stock deal. The deal, which includes the assumption of Covey Park’s outstanding debt and the retirement of its $1.1 billion in existing preferred units, expands Comstock’s position in the Haynesville natural gas basin.

Source: News