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Houston Chronicle: Comstock to Buy Assets From Shell Unit

Nov. 26, 2007, 4:08PM

© 2007 The Associated Press

FRISCO, Texas — Comstock Resources Inc., an oil and gas producer, said Monday it agreed to buy some oil and gas properties from Swepi LP, an affiliate of Shell Exploration & Production, for $170 million.

As part of the deal, Comstock will acquire producing properties and 70 producing wells in south Texas.

The deal is expected to close in December and will be funded by borrowing under its $600 million credit facility.

Comstock said the deal expands its presence in south Texas.

http://www.chron.com/disp/story.mpl/ap/fn/5329905.html

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