Cowboys’ Jerry Jones cashing in on crippling Texas winter storm | ‘Like hitting the jackpot’ – NJ.com

If the Dallas Cowboys don’t sign free-agent quarterback Dak Prescott to a new contract this year, it won’t be for a lack of cash.

The Dallas Morning News reports Cowboys owner Jerry Jones is “hitting the jackpot” thanks to this week’s crippling winter storm in Texas, which has left millions without power.

The Frisco-based natural gas producer owned by Dallas billionaire Jerry Jones is cashing in on a surge in prices for the fuel as a brutal freeze grips the central U.S. … Comstock Resources Inc. has been able to sell gas from its Haynesville Shale wells in East Texas and northern Louisiana at premium prices since Thursday. As demand jumps amid the cold, gas at some regional hubs has soared past $1,000 per million British thermal units.

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Per Pro Football Talk, that seems like “good news for Jones, who, two years ago, had a total investment of $1.1 billion in Comstock. His oil and gas company has become the leading producer in one of the nation’s largest natural gas basins.”

If the Cowboys choose not to sign a long-term deal with Prescott, they could slap the franchise tag on him for the second straight year. But that comes with a price tag of nearly $40 million, which would be a significant chunk of Dallas’ salary cap in 2021.

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