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Dallas Cowboys Owner Scores on Billion-Dollar Natural-Gas Gambit

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#Dallas #Cowboys #Proprietor #Scores #BillionDollar #NaturalGas #Gambit

Soccer season is months away, however Dallas Cowboys proprietor Jerry Jones already has notched an enormous win this yr betting on pure gasoline.

Mr. Jones took management of producer Comstock Sources 4 years in the past on the depths of the natural-gas bust with an eye fixed towards the liquefied pure gasoline export terminals alongside the Gulf of Mexico, simply south of the corporate’s drilling fields. Now, due to booming LNG exports and the highest gas prices in years, his stake is value about $2.7 billion, greater than twice the roughly $1.1 billion that he invested.