• Comstock signed a letter of intent for SOCAR to buy upstream and midstream interests for USD 1.65 billion cash.
• Deal covers 20% of Comstock’s Legacy Haynesville interest, 15% of Western Haynesville interest, 15% of its 73% stake in Pinnacle Gas Services.
• Western Haynesville interest steps down to 7.5% after five years once SOCAR reaches a 15% return.
• Proceeds earmarked for debt reduction; pro forma net debt falls to USD 1.5 billion from USD 3.1 billion at June 30, 2026.
• Separate drilling venture: a Jones family partnership to fund most costs for 27 Haynesville wells, expected to total about USD 450 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Comstock Resources Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609010730PRIMZONEFULLFEED9819054) on September 01, 2026, and is solely responsible for the information contained therein.