Comstock Resources SC 13D/A Filing - Ownership Update

TL;DR

Comstock Resources ownership filing updated - Jerral W. Jones now involved.

AI Summary

On March 25, 2024, Arkoma Drilling, L.P., Blue Star Exploration Co, and Williston Drilling, L.P. filed an amendment (No. 4) to their Schedule 13D regarding Comstock Resources, Inc. The filing indicates a change in beneficial ownership, with Jerral W. Jones also listed as a filer. The filing pertains to Comstock Resources, Inc. common stock.

Why It Matters

This filing signals a potential shift in control or significant stake changes for Comstock Resources, Inc., which could impact its stock price and strategic direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant stake-building or changes in control, which can lead to increased volatility.

Key Players & Entities

• Comstock Resources, Inc. (company) — Subject company
• Arkoma Drilling, L.P. (company) — Filer
• Blue Star Exploration Co (company) — Filer
• Williston Drilling, L.P. (company) — Filer
• Jerral W. Jones (person) — Filer
• Thomas L. Walker (person) — Authorized to receive notices
• Doug Rayburn (person) — Contact person for legal counsel

FAQ

Key Financial Figures

• $0.50 — me of Issuer) Common stock, par value $0.50 per share (Title of Class of Securiti
• $8.036 — k of the Issuer for a purchase price of $8.036 per share and an aggregate purchase pri
• $75,769,435 — hare and an aggregate purchase price of $75,769,435 and (ii) Williston subscribed for 3,071
• $24,680,565 — hare and an aggregate purchase price of $24,680,565. The foregoing description of the Subs

Filing Documents

• d770163dsc13da.htm (SC 13D/A) — 98KB
• 0001193125-24-076776.txt ( ) — 99KB

of this

Item 4 of this Schedule 13D is hereby supplemented as follows: Subscription Agreement On March 25, 2024, pursuant to the Subscription Agreement, (i) Arkoma subscribed for 9,428,750 shares of Common Stock of the Issuer for a purchase price of $8.036 per share and an aggregate purchase price of $75,769,435 and (ii) Williston subscribed for 3,071,250 shares of Common Stock of the Issuer for a purchase price of $8.036 per share and an aggregate purchase price of $24,680,565. The foregoing description of the Subscription Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Subscription Agreement, a copy of which is filed as Exhibit 12 hereto and incorporated herein by reference. Second Amended and Restated Registration Rights Agreement Pursuant to the Subscription Agreement, the Issuer, Arkoma and Williston entered into a Second Amended and Restated Registration Rights Agreement, dated March 25, 2024 (the Second Amended and Restated Registration Rights Agreement). Under the terms of the Second Amended and Restated Registration Rights Agreement, the Issuer agreed to prepare and file a shelf registration statement with the SEC within 90 days after the closing of the transactions contemplated by the Subscription Agreement to permit the public resale of all of the Registrable Securities (as defined in the Second and Amended Registration Agreement) held by the holders from time to time as permitted by Rule 415 under the Securities Act of 1933, as amended (the Securities Act). The Issuer agreed to use its commercially reasonable efforts to cause this registration Securities will have piggyback registration rights on offerings of Common Stock by the Issuer or the other partie

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: March 25, 2024 ARKOMA DRILLING, L.P. By: Blue Star Exploration Company, its general partner By: /s/ Thomas L. Walker Name: Thomas L. Walker Title: Treasurer WILLISTON DRILLING, L.P. By: Blue Star Exploration Company, its general partner By: /s/ Thomas L. Walker Name: Thomas L. Walker Title: Treasurer BLUE STAR EXPLORATION COMPANY By: Jerral W. Jones its Sole Shareholder By: /s/ Jerral W. Jones Jerral W. Jones By: /s/ Jerral W. Jones Jerral W. Jones CUSIP No. 205768302 SCHEDULE 13D Page 9 of 9 JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13D may be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein or therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. Date: March 25, 2024 ARKOMA DRILLING, L.P. By: Blue Star Exploration Company, its general partner By: /s/ Thomas L. Walker Name: Thomas L. Walker Title: Treasurer WILLISTON DRILLING, L.P. By: Blue Star Exploration Company, its general partner By: /s/ Thomas L. Walker Name: Thomas L. Walker Title: Treasurer BLUE STAR EXPLORATION COMPANY By: /s/ Jerral W. Jones Jerral W. Jones By: /s/ Jerral W. Jones Jerral W. Jones

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