Comstock signs definitive $1.65B sale of Haynesville and Pinnacle interests to SOCAR

Direct source evidence states that Comstock Resources entered into a definitive purchase and sale agreement with SOCAR on November 4, 2026, covering specified non-operated interests in its Legacy Haynesville assets, Western Haynesville assets, and Pinnacle Gas Services for $1.65 billion. The agreement is a material ownership transfer and potential balance-sheet catalyst because Comstock intends to use proceeds in part to reduce debt, but closing remains conditional and expected by year-end. The ownership_transaction classification is more specific than commercial_agreement because operating asset interests are being transferred, while the transaction is not a merger or acquisition of Comstock itself. Importance is high because the consideration is substantial relative to Comstock's debt and changes its asset base; surprise is moderated because a September framework agreement had already anticipated a definitive agreement. Confidence is high for the parties, amount, date, transaction scope, and conditions; the 23:15 UTC time is an estimate aligned with the first source timestamp because the exact signing time is not stated. The development advances the existing Comstock-SOCAR asset-sale storyline associated with event 3577. Only CRK is approved as a stakeholder because the other listed companies have indirect, speculative exposure without a disclosed transaction-specific agreement.