Jerry Jones’s natural-gas gambit: The Dallas Cowboys owner bought control of Comstock Resources at the depths of the gas bust, and now his stake is worth more than twice what he paid
Jerry Jones bought control of Comstock Resources at the depths of the gas bust, and now his stake is worth more than twice what he paid
As Europe races to wean itself off Russian energy, American natural-gas producers are struggling to meet the demand and prices are rising. Factors including extreme weather and equipment needs have created a bottleneck amid the war in Ukraine. Illustration: Laura Kammermann and Sharon ShiFootball season is months away, but Dallas Cowboys owner Jerry Jones already has notched a big win this year betting on natural gas.
Mr. Jones took control of producer Comstock Resources Inc. four years ago at the depths of the natural-gas bust with an eye toward the liquefied natural gas export terminals along the Gulf of Mexico, just south of the company’s drilling fields. Now, because of booming LNG exports and the
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