# SOCAR Bets $1.65 Billion on U.S. Shale Gas Boom

- Source: OilPrice.com
- Published: 2026-11-05T09:00:00+00:00
- Category: Markets
- Original: https://oilprice.com/Latest-Energy-News/World-News/SOCAR-Bets-165-Billion-on-US-Shale-Gas-Boom.html
- Canonical: https://groundlevelnews.com/story/socar-bets-1-65-billion-on-u-s-shale-gas-boom-fb6cac/

Azerbaijan’s state oil and gas company SOCAR has struck a deal with Comstock to acquire some of its assets in the Haynesville shale and an infrastructure subsidiary. The price tag of the deal is $1.65 billion. The purchase includes a 20% stake in Comstock’s legacy Haynesville assets, a 15% stake in Western Haynesville, and 15% of Comstock’s majority interest in gas infrastructure subsidiary Pinnac

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