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skinzfan
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Jerry Jones’ natural gas company ‘hits jackpot’ as Texas freeze drives up prices
Comstock Resources Inc. has been able to sell gas from its Haynesville Shale wells in East Texas and northern Louisiana at premium prices since Thursday.
Dallas Cowboys owner Jerry Jones and his wife Gene joined Comstock Resources executives at the New York Stock Exchange in 2019 when the company acquired Covey Park Energy.(Richard Drew / AP)
By Bloomberg Wire
2:31 PM on Feb 17, 2021 CST
The Frisco-based natural gas producer owned by Dallas billionaire Jerry Jones is cashing in on a surge in prices for the fuel as a brutal freeze grips the central U.S., leaving millions without power.
Comstock Resources Inc. has been able to sell gas from its Haynesville Shale wells in East Texas and northern Louisiana at premium prices since Thursday. As demand jumps amid the cold, gas at some regional hubs has soared past $1,000 per million British thermal units.