{$CHK} (Reuters) - Dallas Cowboys owner Jerry Jones’ Comstock Resources is in talks to buy Chesapeake Energy Corp’s Haynesville shale assets in Louisiana, according to two people familiar with the matter.
A deal could be worth more than $1 billion, one of the people said, adding that the companies have settled on a structure for the deal and hope to reach an agreement by the end of the year.
The people declined to be identified because the talks are confidential. They said there was no guarantee the talks would be concluded successfully and that the deal could still be subject to change.
Comstock and Chesapeake did not respond to emails, phone calls and messages requesting comment on the deal.
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