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March 15, 2013
09:01 EDTROSE, CRKComstock Resources announces sale of West Texas properties to Rosetta Resources
Comstock Resources (CRK) announced that it has entered into a definitive agreement with Rosetta Resources (ROSE) pursuant to which Rosetta will acquire all of Comstock's oil and gas properties in Reeves and Gaines counties in West Texas for a sales price of $768M, subject to customary purchase price adjustments and closing conditions. The sale will have an effective date of January 1 and is expected to close on or about May 15. The company intends to use the proceeds from the sale to reduce its outstanding debt and to fund an increase to its 2013 drilling program in the Eagle Ford shale.
News For CRK;ROSE From The Last 14 Days
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July 24, 2015
17:33 EDTCRKS&P announces changes to S&P 400, 500, and 600 indices
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17:25 EDTCRKLumentum Holdings to replace Comstock Resources in S&P 600 as of 8/3 close
July 22, 2015
10:01 EDTCRKOn The Fly: Analyst Downgrade Summary
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06:25 EDTCRKComstock Resources downgraded to Underperform from Neutral at Credit Suisse
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July 20, 2015
17:13 EDTROSENoble Energy closes acquisition of Rosetta Resources
Noble Energy (NBL) announced that the stockholders of Rosetta Resources (ROSE) overwhelmingly approved the merger of Rosetta into a subsidiary of Noble Energy. The transaction closed following the shareholder meeting and the merger will be effective at the end of the day. In conjunction with the closing, Rosetta will become a wholly owned subsidiary of Noble Energy and Rosetta CEO James Craddock will join the Noble Energy board. Highlights of the acquisition for Noble Energy include: Approximately 50,000 net acres in the Eagle Ford Shale and 56,000 net acres in the Permian; Year-end 2014 proved reserves of 282M barrels of oil equivalent; Current production of approximately 63 thousand barrels of oil equivalent per day; More than 1,800 gross horizontal drilling locations identified for development, with net unrisked resource potential of approximately 1B barrels of oil equivalent; Noble Energy anticipates more than 15% annual production growth to an average of more than 100 thousand barrels of oil equivalent per day in 2018; Substantial operational synergies expected across the combined onshore U.S. portfolio.
08:25 EDTROSERosetta Resources to host special shareholder meeting
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