Comstock Resources Partners with NextEra to Build $16B Natural Gas Power Hub
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.
