Comstock Resources to Become Haynesville Basin Leader With Acquisition of Covey Park Energy For $2.2 Billion
Vinson & Elkins advised Covey Park Energy LLC, a privately held natural gas company with operations in the core of the Haynesville shale basin, in its acquisition by Comstock Resources, Inc. for approximately $2.2 billion. The cash and stock transaction includes the assumption of Covey Park’s outstanding debt and the retirement of Covey Park’s existing preferred units which in the aggregate total approximately $1.1 billion.
The V&E corporate team was led by partners Doug McWilliams and Shamus Crosby and by senior associate Robert Hughes, with assistance from associates Kathryn Hastings, Maggie Webber and Farah Chranya. Also advising were partner Bryan Loocke and associate Cesar Leyva; partner David D’Alessandro and senior associate Missy Spohn; partner Sean Becker and senior associate Christie Alcalá; partner John Lynch, senior associate Mary Alexander, and associate Miron Klimkowski; and senior associate Matt Dobbins.
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