Latham & Watkins Advises on Strategic Investment in Pinnacle Gas Services

Comstock Resources, Inc. (NYSE: CRK) has announced that it has sold a minority equity interest in Comstock's midstream subsidiary, Pinnacle Gas Services LLC (Pinnacle), to certain funds managed by Sixth Street, a leading global investment firm. Sixth Street acquired a 27% non-controlling common equity interest in Pinnacle. Sixth Street's investment values Pinnacle at a US$2.2 billion enterprise value. Pinnacle owns and operates the gathering and treating infrastructure supporting Comstock’s Western Haynesville development across 540,000 net acres in East Texas.

Latham & Watkins LLP represented Sixth Street in the transaction with a team led by partners Justin T. Stolte, James Garrett, John Stavinoha, and Trevor Wommack, with associates Will Fullenweider, Kevin Donovan, Nathan Zhang, Johnny Zhuang, Josh Horn, and E.B. Nasir. Advice was also provided by partners Robert Brown, Nikki Buffa, Julie Crisp, Katharine Moir, Patrick Nevins, Susan Parker, and Sam Rettew, counsels Daniel Bop and Aaron Friberg, and associates Andrew Abokhair, Farah Arif, Kara Burkett, Stuart Cobb, Arash Lotfi, Brian McCall, Payton Reisinger, and Austin Urbach.