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Comstock selling MS oil properties for $75 mil

JACKSON – Comstock Resources Inc. says it has agreed to sell it oil and natural gas properties in Mississippi to a privately held company for $75 million.

The buyer’s identity was not revealed Tuesday by Frisco, Texas-based Comstock.

Comstock says the sale is expected to be final by the end of 2011.

The company says the deal will allow it to concentrate resources on personnel on the Haynesville-Bossier shale in northwestern Louisiana and the Eagle Ford shale in southern Texas.

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