Zacks Investment Research
CRK Advances $1.65B SOCAR Partnership by Signing Framework Agreement
Comstock Resources (CRK) signed a Framework Agreement with SOCAR to advance a $1.65 billion investment in the Haynesville Shale. The deal aims to strengthen CRK's balance sheet by reducing net debt from $3.1 billion to $1.5 billion, while providing access to SOCAR's global LNG marketing capabilities for international gas sales. A definitive agreement is targeted by October 31, 2026, with completion by year-end.
