Dallas Cowboys owner Jerry Jones is injecting another $100 million into the Frisco-based natural gas company he controls.

Comstock Resources Inc. said after trading markets closed Wednesday that Jones is acquiring 12.5 million shares of the company for $8.036 per share. The stock closed at $8.07 on Wednesday. His purchase price represented the average closing prices of the past five trading days.

His $100.45 million investment increases his ownership stake to 67% of the company.

Comstock said it will use the money to pay off bank debt incurred in part when it bought 200,000 undeveloped acres in the Western Haynesville shale gas region for $58.7 million.

Jones, whose net worth is estimated at $13.7 billion, bought a majority stake in Comstock in 2018 when he swapped $620 million worth of oil-producing properties for a majority stake in the NYSE-listed company. The following year, he invested another $475 million when Comstock bought rival Covey Park Energy in a $2.2 billion deal.

The Haynesville Shale in East Texas and Northwest Louisiana is the third-largest natural gas producer in the US, according to the U.S. Energy Information Administration.

Weakened natural gas prices weighed heavily on the company’s financial results for the final three months of 2023. Natural gas traded as high as $3.57 in October before falling to $1.70 on Wednesday.

Comstock’s quarterly revenue took a hit, falling to $354 million from nearly $558 million in the same period a year earlier. The company ended 2023 with revenue of $1.56 billion, compared to $3.6 billion in 2022. Profits totaled about $212 million.

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