secwatch.observer — SEC 8-K summary
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Issuer:     COMSTOCK RESOURCES INC (CRK)
CIK:        0000023194
Form:       8-K
Filed at:   2021-11-16T23:59:59+00:00
Accession:  0000023194-21-000080
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23194/000002319421000080/0000023194-21-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23194/000002319421000080/crk-20211116.htm
  HTML page:      https://secwatch.observer/filing/0000023194-21-000080

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