Nearly everything is in place for Haynesville Shale pure-play Comstock Resources Inc. to become a major LNG supplier. First, though, the company has an “all-hands” effort to manage the assets with uncooperative natural gas prices.

CEO Jay Allison discussed the first quarter performance and the outlook during a recent conference call. It was a tough quarter, he admitted.

“We’ve been very active over the last 100 days with all hands focused on continuing to batten down the hatches in order to manage our assets and continue to create value during this weak period for natural gas,” Allison said. “Actions and achievements in the last 100 days have involved many of our stakeholders, including our bondholders, our bank group, our major stakeholder, Jerry Jones, and our...