Comstock Resources shares are higher after news tied the company’s Western Haynesville footprint to a major new gas-to-power development aimed at powering data-center load growth. The announcement spotlighted a proposed Anderson County, Texas facility envisioned at up to 5.2 gigawatts of natural gas-fired generation, with an estimated multiyear build cost around $16 billion, and potential gas demand approaching 1 Bcf per day by 2031—an outcome that would meaningfully tighten local demand around Comstock’s core operating area.

Comstock is a Haynesville-focused natural gas producer, so investor interest tends to rise when credible new Gulf Coast or Texas demand sources appear. A large behind-the-meter power buildout for data centers can reduce reliance on pipeline takeaway constraints and basis volatility by anchoring demand close to supply, while also improving visibility for sustained drilling activity if power load ramps as planned.

Key near-term catalysts are additional project details (timing, permits, interconnection approach, and whether capacity is contracted), plus any updates on how much of the generation buildout is committed versus optional. Investors will also watch whether Comstock provides more clarity on the commercial structure—gas supply commitments, potential midstream participation, and how the project fits with Comstock’s 2026 activity plans and capital spending framework.