Rosetta Resources (ROSE) agrees to acquire Permian Basin assets from Comstock Resources (CRK)...

|About: Rosetta Resources Inc. (ROSE)|By:, SA News Editor

Rosetta Resources (ROSE) agrees to acquire Permian Basin assets from Comstock Resources (CRK) for ~$768M. ROSE says the deal provides new entry in the Permian and access to oil-weighted multi-pay areas, and expands capital project inventory by ~1,300 gross drilling locations. CRK, +6.5% premarket, updates its 2013 capital budget to $422M to reflect the sale.