On July 1, 2015, Comstock Resources, Inc. (Comstock) announced a purchase and sale agreement with a private company to sell Comstock's oil and gas properties in and around Burleson County, Texas. The transaction has a value of approximately $115 million, which is planned to be used for drilling funding throughout 2015, enhancing Comstock’s liquidity, and other corporate purposes. Locke Lord served as legal advisor to Comstock on the transaction and Partner David Patton led the transaction for Comstock. For additional information, please see the Comstock news release.
Posted July 8, 2015