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Comstock Resources

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business1 year ago

"Jerry Jones Increases Investment in Comstock Resources by $100M"

Dallas Cowboys owner Jerry Jones is investing an additional $100 million into the Frisco-based natural gas company, Comstock Resources Inc., increasing his ownership stake to 67%. The investment will be used to pay down bank debt incurred from a previous acquisition. Jones has at least three lawsuits pending against him, including one alleging sexual assault. Comstock's financial results have been impacted by weakened natural gas prices, with quarterly sales dropping and profits totaling about $212 million.