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Thursday, November 21, 2013

BRIEF- Comstock Resources buys east Texas Eagle Ford, (NYSE: CRK)

Comstock Resources Inc : * Announces east Texas Eagle Ford acquisition * Deal for $66.5 million * Says anticipates moving one of its operated rigs to these properties in early 2014 * properties being acquired include one well producing 433 barrels of oil equivalent per day * Agreement with URSA resources to acquire 70% of its interests in certain oil

Comstock Resources Inc (Comstock) is engaged in the acquisition, development, production and exploration of oil and natural gas. Shares of CRK remained unchanged at $16.31. In the past year, the shares have traded as low as $12.83 and as high as $18.91. On average, 1038100 shares of CRK exchange hands on a given day and today's volume is recorded at 0.