Azerbaijan's SOCAR purchases stakes in Comstock's assets for $1.65 billion
CRK•SOCAR agreed to pay $1.65 billion, subject to customary adjustments, for non-operated interests in Comstock's Haynesville assets and Pinnacle Gas Services.
1. Purchase agreement
SOCAR signed an agreement on November 4, 2026, to acquire non-operated working interests in 20% of Comstock's interest in its Legacy Haynesville upstream assets, 15% of its interest in its Western Haynesville upstream assets, and 15% of its 73% interest in Pinnacle Gas Services LLC. The $1.65 billion cash purchase price is subject to customary adjustments. SOCAR's Western Haynesville interest will fall to 7.5% after five years and once it achieves a 15% return on investment in those assets.
