Cowboys Owner Jerry Jones Doubles Down on Haynesville Shale, Drawn by Production Records, LNG Exports
Attachment: NGdemand 0120, HaynesvilleRig 0120
SUGAR LAND--January 22, 2020--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Before he owned the Dallas Cowboys National Football League team, Jerry Jones was an oilman. So risk-taking is in his blood. Shortly after he plunked down $1.1 billion last year to deepen his exposure to the Haynesville Shale, Jones' name came up again as a moneyman behind the possible purchase of Haynesville assets from beleaguered Chesapeake Energy Corporation (NYSE:CHK) (Oklahoma City, Oklahoma), which drilled that formation's first well in 2008.
Within this article: Details on how Jones and his investment vehicle, Comstock Resources Incorporated (NYSE:CRK), could benefit from the current environment for natural gas, particularly liquefied natural gas (LNG) exports.
