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Stock impact report

How Dallas Cowboy's Owner Jerry Jones Accidentally Bought Into An Alleged $100 Million Mississippi Cancer Cluster [Forbes]

Comstock Resources, Inc. (CRK) 
Last comstock resources, inc. earnings: 2/26 04:30 pm Check Earnings Report
Company Research Source: Forbes
ack in 2010, Chief Executive of publicly traded Comstock Resources decided to sell a small oilfield in the town of Laurel, Mississippi. It was a modest operation, decades past its heyday, with just a few dozen wells pumping out a thousand or so barrels per day. Dallas-based Comstock was eager to jettison the field. A prospective buyer called Petro Harvester Oil & Gas, then a portfolio company of private equity giant , commissioned a due diligence report on the assets. What consultants from Lafayette, La.-based found was not pretty. “Housekeeping was poor at all the facilities within the Laurel field,” they wrote. Across a dozen sites and 79 wells Fenstermaker found rusting and corroded equipment, leaking pipes, worn-down containment levees, and unlined pits for storing toxic wastewater. Fenstermaker stated its concern that whoever acquires the asset should dig a little deeper into the extent of environmental damage potentially caused by oilfield wastewater seeping into the earth. Show less Read more
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