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The last time supplies overwhelmed demand, oilfield service suppliers cut hundreds of thousands of jobs and top firms gushed red ink.
Covey Park co-CEO John Jacobi and Denham Managing Partner Jordan Marye joined the Comstock Resources board following the completion on July 16 of the roughly $2.2 billion acquisition.
“The signal abroad, that Mexico does not respect contracts is very tough, especially when the economy is not going well and you need investors,” said Gonzalo Monroy, an energy analyst.