Jerry Jones-Owned Gas Driller Hits ‘Jackpot’ on Price Surge
- Comstock Resources sells natural gas at premium during freeze
- Freeze has caused regional next-day gas prices to surge
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The natural gas producer owned by Dallas billionaire Jerry Jones is cashing in on a surge in prices for the fuel as a brutal freeze grips the central U.S., leaving millions without power.
Comstock Resources Inc. has been able to sell gas from its Haynesville Shale wells in East Texas and northern Louisiana at premium prices since Thursday. As demand jumps amid the cold, gas at some regional hubs has soared past $1,000 per million British thermal units.