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

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. 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 Pinnacle Gas Services.

S. growth specifically, amid the Big Tech rush to build data centers and expand in artificial intelligence. These expectations may now need a bit of a tweak following the Democrats’ victory in the midterm elections, with some of the candidates riding on a landslide after campaigning to rein in data center proliferation.