With natural gas prices up and exports climbing, Haynesville Shale-focused Comstock Resources Inc. is looking to have a “fabulous” 2021, CEO Jay Allison said last week.

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A conference call to discuss 4Q2020 performance and the outlook for 2021 was held in the midst of the deep freeze in Texas, which sent gas prices soaring. 

Comstock controls 323,000 net acres in the Haynesville/Bossier formations across East Texas and North Louisiana, one of the gassiest regions of the country. The company, like most of its peers, adopted a moratorium on bringing new wells online in 2Q2020 during the pandemic. Some completion activity resumed in the back half of 2020, as the executive team bet on a bump in gas prices this winter. That prescient move paid off, and the thirst for gas last week...