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

OilPrice.com · Charles Kennedy · 2026-11-05 09:00 UTC

Azerbaijan's SOCAR has agreed to acquire $1.65 billion in US natural gas assets from Comstock Resources amid growing political opposition to energy-intensive data centers.

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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.

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