Comstock Resources Partners with NextEra to Build $16B Natural Gas Power Hub
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 23 2026
0mins
Comstock Resources (CRK) announced that the Western Haynesville will host the recently announced Texas Natural Gas-Fired Power Generation Hub in Anderson County Texas. The selection was announced on March 20 by the United States Department of Commerce in connection with Japan's $550B investment commitment to the United States as part of the U.S.- Japan trade deal. The selected project is the result of the collaboration of the company and NextEra Energy (NEE) to develop a power generation project near Comstock's Western Hayneville natural gas operations. The Texas Power Generation Hub will be owned jointly by Japan and the U.S. under the structure of the joint trade agreement and will be built and operated by NextEra, the largest energy infrastructure builder in the United States. The investment is subject to negotiation and execution of definitive documents by NextEra and various constituents, as well as NextEra's completion of development, construction and commissioning of the selected project. The Anderson County Texas facility will have up to 5.2 GW of natural gas-fired generation capable of serving up to 5 GW of large-load demand. Comstock will provide natural gas supply for the facility which could reach almost 1 Bcf per day by 2031. The estimated cost of the facility is $16B.
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Analyst Views on CRK
Wall Street analysts forecast CRK stock price to rise
9 Analyst Rating
1 Buy
6 Hold
2 Sell
Hold
Current: 21.880
Low
8.00
Averages
22.25
High
29.00
Current: 21.880
Low
8.00
Averages
22.25
High
29.00
About CRK
Comstock Resources, Inc. is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates through the exploration and production of the North American natural gas and oil segment. Its primarily operates in the Haynesville shale, a natural gas basin located in North Louisiana and East Texas, with economic and geographical proximity to the Gulf Coast natural gas markets. The Company is focused on the development of drilling opportunities in the Haynesville and Bossier shales and exploration activities in the Western Haynesville play. It has over 1,099,090 acres (819,489 net) prospective for the Haynesville and Bossier shale plays, located in North Louisiana and East Texas, including its extension of the plays in its Western Haynesville area. The Company owns interests in over 2,427 producing natural gas and oil wells (1,542.6 net) and it operates 1,747 of these wells.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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