Comstock Sells Haynesville, Cotton Valley Assets for $445MM
Comstock Sells Haynesville, Cotton Valley Assets for $445MM
Comstock Resources is selling a portion of its Haynesville acreage to focus on its western Haynesville play and reduce debt. The company is marketing approximately 38,000 net acres in its legacy East Texas and Louisiana Haynesville portfolio, which is producing about 150 MMcf/d of gas. A recent sale of certain Cotton Valley wells in East Texas and North Louisiana was also completed in September 2025 for $15.2 million.
Details of the sale
- What's being sold: Approximately 38,000 net acres in the legacy Haynesville play across East Texas (Harrison County) and Louisiana (Caddo, Bossier, Webster, and Bienville parishes).
- Production: The assets being sold currently produce around 150 MMcf/d of gas.
- Reason for selling: Comstock is divesting these "non-core" assets to reduce debt and to fund its growth in the emerging western Haynesville play.
- Potential buyer: The hedge fund Citadel has been reported as being in talks to acquire some of the assets, as shown in Hart Energy reports.
What this means for Comstock
- The sale is a part of a strategic shift to prioritize the more expensive but high-potential western Haynesville play, which is located about 30 miles north of College Station, Texas.
- Comstock continues to hold over 302,000 net acres in its legacy Haynesville portfolio, which it considers its "core" and main production base.
- The proceeds from the sale will be used to help the company's balance sheet, as explained by Hart Energy.
Jimmy Hamiter
Comstock recently permitted 4 new wells in late September that cross my section (032, 12N, 14W): WHITSON 5-32-29 HC 001-ALT and 002-ALT, and SPEIGHTS 5-32-29 HC 001-ALT and 001-ALT.
It's been 3 years since the field order (92-N-53) was issued for these wells. Each of the recent permits for them is good for 1 year.
So... given the above sentence, the Comstock activity I've seen on here recently, and Jerry's apparent more recent focus on his company... is that an indicator they're serious about getting these wells drilled sooner than later?
I learned a long time ago to keep my expectations realistic and low in these situations. But the activity and timing, and greatly ramped up calls from buyers my sister and I have been getting, got me to thinking, and curious.
Nov 7, 2025