(Reuters) - At a time when companies in a U.S. natural gas field have been losing money and exiting Louisiana's Haynesville shale basin, Dallas Cowboys' owner Jerry Jones' Comstock Resources is picking up cheap assets, betting on the field's proximity to the growing U.S. Gulf Coast export hub. Reuters on Wednesday reported that Comstock Resources is in talks to buy Chesapeake Energy Corp's Haynesville shale assets in Louisiana. The U.S. shale boom has helped turn the country into the world's third-largest exporter of liquefied natural gas (LNG), and it is on track to become the top exporter within five years. Comstock is making the opposite bet. The region also has access to the other big drivers of U.S. gas demand: Gulf Coast petrochemical facilities and pipelines into Mexico.

Source: International New York Times November 15, 2019 21:33 UTC