Springfield, MO

Log in Subscribe

Cowboys owner's firm to buy energy company

Posted online

Dallas Cowboys owner Jerry Jones’ Comstock Resources agreed to purchase Covey Park Energy in a $2.2 billion cash-and-stock deal.

Jones plans to invest another $475 million for newly issued shares to remain Comstock’s largest shareholder.

Combined with Covey Park, Comstock’s net daily production would be about 1.1 billion cubic feet equivalent with some 2,000 net drilling locations, according to the Houston Business Journal.

Read more from the Houston Business Journal.


No comments on this story |
Please log in to add your comment
Editors' Pick

Business Spotlight: Sweet Satisfaction

Crave Cookie Dough owners eye store No. 2 as they enter the second year in business.

Most Read Poll
How often do you shop or dine on Commercial Street?

View results