Haynesville Shale pure-play Comstock Resources Inc. is pumping the brakes on natural gas drilling and shareholder distributions because of low commodity prices.

“In response to weak natural gas prices, Comstock plans to suspend its quarterly dividend until natural gas prices improve,” management said. “In addition, the company plans to reduce the number of operating drilling rigs it is running from seven to five. 

“Two of the five drilling rigs will continue to be deployed in the company’s Western Haynesville play.” 

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