---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-034376"
form_type: "8-K"
ticker: "CRK"
cik: "0000023194"
company_name: "COMSTOCK RESOURCES INC"
filed_at: "2024-03-21T23:59:59+00:00"
generated_at: "2026-06-04T10:38:36.038188+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Comstock Resources announces $100.5M equity investment by majority shareholder Jerry Jones

## Summary
- Jerry Jones invests $100.45M for 12.5M shares at $8.036/share, increasing ownership from 65% to ~67%.
- Proceeds to pay down bank debt partially used to fund $58.7M acquisition of 200,000 net undeveloped acres in Western Haynesville.
- Private placement priced at 5-day average closing price; closing subject to customary conditions.
- Purchasers: Arkoma Drilling L.P. and Williston Drilling L.P., entities controlled by Jerry Jones.

## SEC filing metadata
- accession: 0000950170-24-034376
- form_type: 8-K
- ticker: CRK
- cik: 0000023194
- company_name: COMSTOCK RESOURCES INC
- filed_at: 2024-03-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/23194/000095017024034376/0000950170-24-034376-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/23194/000095017024034376/crk-20240320.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-034376
- JSON: https://secwatch.observer/filing/0000950170-24-034376.json
- Plain text: https://secwatch.observer/filing/0000950170-24-034376.txt

## Key facts
- Material Agreements
  COMSTOCK RESOURCES INC entered into Subscription Agreement with Jones Purchasers (Arkoma Drilling L.P. and Williston Drilling L.P.) valued at 12,500,000 shares of common stock for total consideration of approximately $100.5 million at $8.036 (effective 2024-03-20).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Jones Purchasers (Arkoma Drilling L.P. and Williston Drilling L.P.)
  - Value: 12,500,000 shares of common stock for total consideration of approximately $100.5 million at $8.036
  - Effective: 2024-03-20
  source text: On March 20, 2024, Comstock Resources, Inc. (the "Company") entered into a subscription agreement (the "Subscription Agreement") with each of Arkoma Drilling L.P., a Texas limited partnership ("Arkoma") and Williston Drilling L.P., a Texas limited partnership ("Williston" and, together with Arkoma, the "Jones Purchasers"), pursuant ‎to which the Jones Purchasers shall purchase, and the Company shall issue and sell to the Jones ‎Purchasers, in the aggregate, 12,500,000 shares of common stock, $0.50 par value per share of the Company (the "Common Stock") for total consideration of approximately ‎‎$100.5 million and at per share price of $8.036‎ (the "Transaction").
  evidence_url: https://www.sec.gov/Archives/edgar/data/23194/000095017024034376/0000950170-24-034376-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.