Comstock Resources sold a 27% stake in its midstream subsidiary, Pinnacle Gas Services, to Sixth Street for $600 million, valuing the business at approximately $2.2 billion while allowing Comstock to retain operational control. The transaction strengthens Comstock’s balance sheet, eliminates Pinnacle’s debt and preferred equity, and highlights growing confidence in the Western Haynesville’s ability to supply natural gas for LNG exports, power generation, and data center demand.

Comstock Resources used its Q3 2025 earnings call to deliver a clear message: the Haynesville—especially the Western Haynesville—is the company’s future, and one of the most strategically important natural gas plays in North America.

Comstock Resources (NYSE: CRK) has released its Q1 2025 earnings, showcasing a confident return to growth, operational efficiency, and a focused expansion strategy in the Haynesville shale. With improving natural gas prices and a reinforced drilling program, the company is clearly positioning itself as a cost-efficient, technologically adept player in one of North America’s premier gas basins.

Comstock Resources, Inc. (NYSE: CRK) has set its sights on Western Haynesville as a key growth driver in 2025, following signs of rising natural gas prices. In its Q4 2024 earnings report, the company outlined its expansion strategy in the play, highlighting increased drilling activity and infrastructure investment.

Comstock Resources financial results reflect the impact of very weak natural gas prices, which led to significant losses despite hedging gains and increased production.

Comstock drilled 67 (55.5 net) operated horizontal Haynesville/Bossier shale wells in 2023, which had an average lateral length of 10,796 feet. Comstock also turned 74 (55.7 net) operated wells to sales in 2023, which had an average initial production rate of 25 MMcf per day.

Solid results from Haynesville shale drilling program with 15 (12.0 net) operated wells turned to sales since the Company’s last update with an average initial production of 21 MMcf per day.

Comstock has purchased all or parts of Legacy Haynesville assets located in Robertson, Leon and Freestone counties.