Comstock closes Bakken sale for $154M, acquires Haynesville acreage for $36.4M

COMSTOCK RESOURCES INC

Sold non-operated Bakken interests to Northern Oil & Gas for $154M; 442 wells (68.3 net) producing ~4,500 boe/d.
Expects pre-tax loss of $150-$160M on the Bakken divestiture.
Uses part of proceeds to acquire 22,175 net Haynesville acres in East Texas for $36.4M.
Acquired acreage includes 18.8 net producing wells, 104.4 net drilling locations; Comstock to operate.
Acquisition expected to close before year-end; affiliate of majority stockholder co-invests 50%.

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