Comstock Resources - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Comstock Resources M&A Summary

Comstock Resources has acquired 4 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

Comstock Resources’ largest acquisition to date was in 2019, when it acquired Covey Park Energy for $2.2B. It’s largest disclosed sale occurred in 2014, when it sold Permian Basin assets - Comstock to Rosetta Resources for $811M. Comstock Resources has acquired in 2 different US states. The Company’s most targeted sectors include oil/gas exploration (100%).

Comstock Resources Business Overview

Where is Comstock Resources headquartered?

Comstock Resources is headquartered in Frisco, Texas.

What is Comstock Resources’ revenue?

Comstock Resources disclosed revenue of 3,628M USD for 2022 and 1,851M USD for 2021.

How many employees does Comstock Resources have?

Comstock Resources has 244 employees.

What sector is Comstock Resources in?

Comstock Resources is an oil/gas exploration company.

When was Comstock Resources founded?

Comstock Resources was founded in 1919.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity4
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 2

Comstock Resources

Comstock Resources, Inc.

Comstock Tower, Suite 500 5300 Town and Country Boulevard,
Frisco, Texas 75034
United States,
(972) 668-8800
www.comstockresources.com

Comstock Resources is an independent energy company engaged in oil and gas acquisitions, exploration, and development primarily in Texas and Louisiana. Comstock Resources was founded in 1919 and is headquartered in Frisco, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 4 - - - - - 4
vol $2.7B $2.7B
Sell (0.0/yr) # 1 - - - - - 1
vol $811M $811M
  5

Most Recent M&A

Company Date Value Type
Covey Park Energy LLC 2019-06-10 2.2B USD Add-on Acquisition
Dallas, Texas · www.coveypark.com
Permian Basin assets - Comstock 2014-03-14 811M USD Divestiture
Reeves and Gaines counties, Texas
East Texas - Oil and Gas Properties 2013-12-23 67M USD Add-on Acquisition
, Texas
Mississippi and Louisiana - Oil and Gas Properties 2013-12-23 52M USD Add-on Acquisition
, United States
Eagle Oil & Gas - Delaware Basin 2011-12-29 332M USD Divestiture
, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 4 (100%) 2.7B (100%) 1 (100%) 811M (100%)
Total 4 $2.7B 1 $811M

By Geo

State/Country Buy Value Sell Value
United States 4 2.7B 1 811M
  Texas 3 2.6B 1 811M
Total 4 $2.7B 1 $811M

Top M&A Advisors

Financial Deals
BMO Capital Markets
 1
Legal Deals
Locke Lord
 1

Deal Values

buy # Total
> $1B 1 $2.2B
$100M to $1B 1 $332M
< $100M 2 $118M
TOTAL $2.7B
Largest Covey Park Energy LLC
$2.2B (2019-06-10)
sell # Total
$100M to $1B 1 $811M
TOTAL $811M
Largest Permian Basin assets - Comstock
$811M (2014-03-14)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Strategic(s)
25%
1 (25%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

3,628   97% 2022
1,851   116% 2021
858   12% 2020
769   2019
255   45% 2017
176   31% 2016
252   55% 2015
555   33% 2014
420   3% 2013
409   2012
(millions of USD) Show More Show Less

Employees

244

Established

1919

Public

NYSE: CRK

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