Comstock – Ursa Resources Reach Eagle Ford Deal Worth $66.5 Million

Comstock Gains 20,000 Net Acres Targeting the East Texas Eagle Ford
Comstock Resources East Texas Eagle Ford Map

Comstock Resources East Texas Eagle Ford Map | Click to Enlarge

Comstock Resources has announced plans to acquire 70% of Ursa Resources’ interest in Eagle Ford assets in Burleson and Washington counties for $66.5 million.

The deal includes one well producing 433 boe/d and 32,000 gross (20,000 net) acres. Not many wells have been drilled in the immediate vicinity, but good wells have been drilled to the northeast and northwest.

Comstock will move a rig into the area in 2014 and is planning to drill 10 wells over the next year. [Read more…]

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