SOCAR enters the US gas market: $1.65 billion in cash for US shale projects Azerbaijani state-owned company SOCAR will sign a deal worth $1.65 billion in cash to acquire shares in the gas production assets of American Comstock Resources and the services structure Pinnacle Gas. The final agreement, announced Nov. 4, provides for the acquisition of 20% in Legacy Haynesville area carbon projects, 15% in West Haynesville production projects (with the stake declining to 7.5% five years after achieving a 15% return on investment), as well as 15% in Pinnacle Gas Services LLC. The agreement is expected to enter into force on July 1, 2026 after receiving regulatory approvals. The seller, Comstock Resources, is one of the leading independent gas producers in the US, with an emphasis on shale fields in Louisiana and Texas and proven reserves of about 7 trillion cubic feet. @alphanewsam Subscribe to Alpha News VK - Zen - Site - TikTok.

SOCAR enters the US gas market: $1.65 billion in cash for US shale projects Azerbaijani state-owned company SOCAR will sign a deal worth $1.65 billion in cash to acquire shares in the gas production assets of American Comstock Resources and the services structure Pinnacle Gas. The final agreement, announced Nov. 4, provides for the acquisition of 20% in Legacy Haynesville area carbon projects, 15% in West Haynesville production projects (with the stake declining to 7.5% five years after achieving a 15% return on investment), as well as 15% in Pinnacle Gas Services LLC. The agreement is expected to enter into force on July 1, 2026 after receiving regulatory approvals. The seller, Comstock Resources, is one of the leading independent gas producers in the US, with an emphasis on shale fields in Louisiana and Texas and proven reserves of about 7 trillion cubic feet. @alphanewsam Subscribe to Alpha News VK - Zen - Site - TikTok.