Posted 3/20/2024, 11:23:49 PM
Jones Injects $100M More into Comstock Resources, Ups Stake to 67% Amid Gas Company's Struggles
- Jerry Jones invests additional $100 million into Comstock Resources, increasing ownership stake to 67%
- Funds to pay down Comstock's debt from $58.7 million land purchase in Western Haynesville shale play
- Jones initially bought majority stake in Comstock in 2018 in $620 million property swap deal
- Comstock struggling with weak natural gas prices, Q4 revenue dropped to $354 million from $558 million year ago
- Jones has net worth estimated at $13.7 billion; faces at least 3 pending lawsuits including assault allegation