• Comstock outlined a binding LOI with SOCAR for a USD 1.65 billion cash strategic partnership in Haynesville assets.
• SOCAR to buy 20% of Comstock’s Legacy Haynesville interest, 15% of Western Haynesville, 15% of Pinnacle Gas Services.
• Western Haynesville stake slated to revert from 15% to 7.5% once five years pass and a 15% return is reached.
• Proceeds earmarked for debt repayment; pro forma net debt shown at about USD 1.5 billion versus USD 3.1 billion at June 30, 2026.
• Target timeline calls for signing by Oct. 31, 2026, with closing by year-end 2026; Comstock remains operator.

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 on September 01, 2026, and is solely responsible for the information contained therein.