secwatch.observer — SEC 8-K summary
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Issuer:     COMSTOCK RESOURCES INC (CRK)
CIK:        0000023194
Form:       8-K
Filed at:   2026-09-01T15:04:22+00:00
Accession:  0001193125-26-377822
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comstock to sell Haynesville interests to SOCAR for $1.65B; net debt to halve
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- SOCAR to pay $1.65B cash for 20% of Legacy Haynesville, 15% of Western Haynesville (reverts to 7.5% after 5 yrs/15% ROI), and 15% of Pinnacle Gas Services.
- Pro forma net debt falls from $3.1B to $1.5B as of June 30, 2026; Comstock retains operatorship.
- Definitive PSA targeted by Oct 31, 2026; closing by year-end; effective date July 1, 2026.
- Jerry Jones partnership funds 85% of 18 Western and 80% of 9 Legacy wells (~$450M); 50% reverts after 15% ROI.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23194/000119312526377822/0001193125-26-377822-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23194/000119312526377822/crk-20260901.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-377822

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer