Covey

Comstock Bolts On in Haynesville, to Trim ’20 Rig Count on Low Natural Gas Prices

Comstock Bolts On in Haynesville, to Trim ’20 Rig Count on Low Natural Gas Prices

Comstock Resources Inc. has beefed up its Haynesville Shale inventory with the all-stock acquisition of an undisclosed operator, but going into 2020 it plans to run fewer rigs in the natural gas-heavy play.

November 8, 2019
Comstock Eyed as No. 1 Haynesville Producer with Covey Park Takeover

Comstock Eyed as No. 1 Haynesville Producer with Covey Park Takeover

With a substantial cash infusion from Dallas Cowboys owner and top shareholder Jerry Jones, Comstock Resources Inc. plans to acquire privately held Covey Park Energy LLC to create what could be the Haynesville Shale’s largest natural gas producer.

June 10, 2019

Brief — Covey Park

Dallas-based independent Covey Park Energy LLC has added about 90,000 net acres prospective for the Haynesville Shale and Bossier Sands. The transaction, for an undisclosed amount, includes assets with average output of 35 MMcf/d net. The leasehold primarily is in the Texas counties of Panola, Nacogdoches and San Augustine, and in Louisiana’s DeSoto, Bossier and Sabine parishes. The acquisition, from an undisclosed seller, gives the Denham Capital-backed operator about 218,000 net acres across the natural gas-rich region. In October 2014 Covey Park acquired 89,462 net acres from Encana Oil and Gas (USA) Inc. and Navasota Resources LLP. It added 34,000 net acres earlier this year in a $420 million transaction with EP Energy Corp. (see Shale Daily, March 21). During the fourth quarter, Covey Park expects production to average about 325 MMcf/d net. Total proved reserves with the acquisition are estimated to be more than 2.5 Tcf.

November 4, 2016

Covey Park Pads Haynesville/Bossier Portfolio with $420M Purchase from EP Energy

Covey Park Gas LLC has agreed to pay $420 million in cash for substantially all of EP Energy Corp.’s property in the Haynesville and Bossier shales.

March 21, 2016