Comstock Resources offering US shale oil and gas assets, document shows

FILE PHOTO: Drilling rigs operate at sunset in Midland, Texas, U.S., February 13, 2019. Picture taken February 13, 2019. REUTERS/Nick Oxford

(Reuters) – Dallas Cowboys owner Jerry Jones’ Comstock Resources oil company is offering to sell properties in North Dakota’s Bakken oilfield, a marketing document seen by Reuters shows, as rising energy prices lift buying and selling in the sector.

Crude oil prices are up about 38% year-to-date as economies bounce back and fuel demand recovers from travel restrictions to curb the pandemic. U.S. shale oil companies also are seeking larger scale to drive returns and operational efficiency.

A representative for Comstock did not immediately respond to a request for comment.

The properties on offer include a non-operated working interest in 436 wellbores. The holdings are valued at about $200 million based on futures pricing, according to the document.

The 427 actively producing wells in the portfolio most recently had a six-month average net production of 6,400 barrels of oil equivalent per day, the teaser said.

The value of second-quarter deals this year hit $33 billion for more than 40 deals – the highest quarterly value since the second quarter of 2019, consultancy Enverus found.

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