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Comstock Resources Inc.

Company Summary

Description

Comstock Resources is based in Frisco, Texas and is engaged in the acquisition, development, production and exploration of oil and natural gas with operations concentrated in Texas, Louisiana and Mississippi. Our common stock is listed and traded on the New York Stock Exchange.

Website

http://crkfrisco.com/

Financial Data:

NYSE:CRK from Google Finance

Tickers:

  • CRK - New York Stock Exchange

Related Entities

Firm Transport Commitments

Project: Gillis Lateral & Acadian Haynesville Expansion
Firm Commitment: 1 Bcf/d

Recent news

  • 3/21/2024 - Comstock Resources... (subscriber access)
  • 2/14/2024 - Comstock 4Q23 Conference... (subscriber access)
  • 8/1/2023 - Comstock Continued... (subscriber access)
  • 8/1/2023 - Comstock Reports 2Q23... (subscriber access)
  • 8/1/2023 - Comstock Reports 2Q23... (subscriber access)

Investor Presentations

  • 4Q22 Earnings Presentation
  • November 2022 Investor Presentation (subscriber access)
  • 2Q22 Investor Presentation (subscriber access)
  • 1Q22 Earnings Presentation (subscriber access)
  • 4Q21 Earnings Presentation (subscriber access)
  • 3Q21 Investor Presentation (subscriber access)
  • 2Q21 Earnings Presentation (subscriber access)
  • May 2021 Investor Presentation (subscriber access)
  • 1Q21 Earnings Presentation (subscriber access)
  • 4Q20 Investor Presentation (subscriber access)
  • 3Q20 Investor Presentation (subscriber access)
  • 2Q20 Investor Presentation (subscriber access)
  • 1Q20 Earnings Presentation (subscriber access)
  • 4Q19 Investor Presentation (subscriber access)
  • August 2019 Presentation (subscriber access)
  • 4Q18 Investor Presentation (subscriber access)
  • December 2017 Investor Presentation (subscriber access)
  • Third Quarter 2017 Investor Presentation (subscriber access)
  • Investor Presentation - January 2017 (subscriber access)
  • Investor Presentation - November 2016 (subscriber access)

Company Transactions

Date: 8/2/2022
Type: Acquisition

DETAILS:

COST: 35.6 $MM

ACRES: 60000 Acres

NOTES:
Comstock Resources reported that during 2Q22 they bought a 60,000 net acres prospective position in East Texas, a 145-mile high-pressure gas pipeline and a gas treating plant for $35.6 million.
REGIONS:
  • Haynesville-Bossier Shale
  • Date: 11/20/2021
    Type: Acquisition

    DETAILS:

    COST: 154 $MM

    VOLUMES: 4.5 MBOE/d

    NOTES:
    Northern OIl & Gas has purchased Comstock's Williston Basin position for $154 million, which includes a non-operated interest in >400 producing wells across North Dakota.
    REGIONS:
  • Williston Basin
  • Date: 11/17/2021
    Type: Acquisition

    DETAILS:

    COST: 36.5 $MM

    VOLUMES: 1.7 Mmcf/d

    ACRES: 22175 Acres

    NOTES:
    Comstock is using part of its Bakken asset sale proceeds for the $36.4 million acquisition of undeveloped Haynesville shale acreage in East Texas. The position spans 22,175 net acres with 1.7 Mmcf/d in current production.
    REGIONS:
  • Haynesville-Bossier Shale
  • Date: 3/31/2020
    Type: Acquisition

    DETAILS:

    COST: 1 $B

    VOLUMES: 649 Mmcf/d

    NOTES:
    Comstock Resources is in early discussions to acquire Chesapeake's Haynesville Shale assets in Louisiana, which could be valued at more than $1 billion. The article cited that the firms have settled on a structure for the deal with hopes to reach a formal agreement by year-end 2019.
    REGIONS:
  • Haynesville-Bossier Shale
  • Date: 7/17/2019
    Type: Acquisition

    DETAILS:

    COST: 2.2 $B

    VOLUMES: 1.1 Bcfe/d

    NOTES:
    Comstock Resources acquired Covey Park Energy, a privately held natural gas company with Haynesville shale basin operations, in a cash and stock transaction valued at roughly $2.2 billion.
    REGIONS:
  • Haynesville-Bossier Shale
  • Date: 12/20/2018
    Type: Acquisition

    DETAILS:

    COST: 20.9 $MM

    ACRES: 6023 Acres

    NOTES:
    Comstock will be paying the full price over a four year period by granting Shelby a 12% interest in each well drilled up to the $20.5 million total.
    REGIONS:
  • Haynesville-Bossier Shale
  • Date: 7/31/2018
    Type: Acquisition

    DETAILS:

    COST: 31 $MM

    VOLUMES: 26 Mmcfe/d

    ACRES: 9900 Acres

    NOTES:
    The package includes 21,000 (9,900) net acres in Caddo and DeSoto Parishes, Louisiana, and Comstock bid $31 million for the property. Across the acreage, Comstock gained 120 (26.2 net) producing wells and Comstock estimates the acreage to hold 288 Bcfe in proved reserves, of which just 12% are developed with 112 (31 net) potential drilling locations across the acreage.
    REGIONS:
  • Haynesville-Bossier Shale
  • Date: 6/1/2018
    Type: Acquisition

    DETAILS:

    COST: 620 $MM

    VOLUMES: 13.8 MBOE/d

    NOTES:
    Comstock Resources has entered into a deal with Jerry Jones to acquire interest in assets located in North Dakota owned by Arkoma Drilling LP and Williston LP. The deal is valued at $620 million and Jerry Jones' companies will receive 88.6 million shares of Comstock common stock representing 84% of the company's outstanding shares.
    REGIONS:
  • Williston Basin
  • Bakken