June 10, 2019 / 10:59 AM / 8 days ago

Comstock Resources to acquire Covey Park in $2.2 billion deal

June 10 (Reuters) - Comstock Resources Inc said on Monday it would buy privately held natural gas company Covey Park in a deal valued at about $2.2 billion, including debt.

Comstock said the cash-and-stock deal would expand its position in Haynesville shale, with net production of more than 1.1 billion cubic feet equivalent per day.

Haynesville is a natural gas basin located in northern Louisiana and eastern Texas.

Reporting by Arundhati Sarkar in Bengaluru; Editing by Anil D'Silva

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