# Comstock Resources Expects SOCAR Sale to Cut Debt by Half By John Kim Canonical URL: https://www.tokenpost.com/news/business/50905 Published: 2026-11-07T15:35:25.000Z Updated: 2026-11-07T15:35:25.000Z Section: Business > The planned $1.65 billion transaction is expected to bring leverage to 2x. The company’s 2026 Western Haynesville plan calls for drilling 19 wells and turning 20 to sales. Comstock Resources expects a planned $1.65 billion sale to SOCAR to cut its debt by half and bring leverage to 2x. The company has also outlined a 2026 plan for the Western Haynesville that includes drilling 19 wells and turning 20 to sales. Chairman and CEO Miles Allison said third-quarter production was 8% higher than in the second quarter, driven by new wells turned to sales. Comstock’s [third-quarter results]() included non-GAAP earnings per share of $0.02 and revenue of $384.36 million, down 14.5% year over year. ## Links in this article - [third-quarter results](https://www.tokenpost.com/news/business/49797)