Comstock

Comstock Scores Big on Strong Natural Gas Prices, LNG Sales from Haynesville Output

Comstock Scores Big on Strong Natural Gas Prices, LNG Sales from Haynesville Output

Haynesville Shale pure-play Comstock Resources Inc. scored in the third quarter, lifted by strong natural gas prices and by selling 15% of output directly to LNG shippers on the Gulf Coast. The Frisco, TX-based independent gained leverage with 70% of its natural gas sold in “high value” Gulf Coast markets, including the liquefied natural gas…

November 7, 2022
Comstock Targeting Haynesville Natural Gas Production Growth as Fundamentals Seen ‘Never Stronger’

Comstock Targeting Haynesville Natural Gas Production Growth as Fundamentals Seen ‘Never Stronger’

Executives at Haynesville Shale-focused Comstock Resources Inc. said they expect 4-5% natural gas-weighted production growth in 2022. The plan for the year is still focused around capital discipline, with the aim to pay down $479 million in debt so the “leverage ratio is at 1.5 or less. We think we can get there in the…

February 16, 2022
Comstock Bullish on Bossier’s Potential, but Takes Hit on Hedging

Comstock Bullish on Bossier’s Potential, but Takes Hit on Hedging

Management at U.S. independent Comstock Resources Inc., which has made its name as a Haynesville Shale natural gas giant, is increasingly bullish on the Bossier formation as part of its strategy. Of the 21 wells the Frisco, TX-based company turned to sales in 2Q2021, only two were Bossier wells, management said during the second quarter…

August 10, 2021
Comstock Bolts On in Haynesville, to Trim ’20 Rig Count on Low Natural Gas Prices

Comstock Bolts On in Haynesville, to Trim ’20 Rig Count on Low Natural Gas Prices

Comstock Resources Inc. has beefed up its Haynesville Shale inventory with the all-stock acquisition of an undisclosed operator, but going into 2020 it plans to run fewer rigs in the natural gas-heavy play.

November 8, 2019
Comstock Playing Defense as Haynesville Natural Gas Output Battles Weak Prices

Comstock Playing Defense as Haynesville Natural Gas Output Battles Weak Prices

Comstock Resources Inc., which this year became the No. 1 operator in the natural gas-heavy Haynesville Shale, said second quarter output from the play was 88% higher than a year ago and 19% higher sequentially, but confronted with continued low prices, the company is playing defense.

August 8, 2019
Comstock Eyed as No. 1 Haynesville Producer with Covey Park Takeover

Comstock Eyed as No. 1 Haynesville Producer with Covey Park Takeover

With a substantial cash infusion from Dallas Cowboys owner and top shareholder Jerry Jones, Comstock Resources Inc. plans to acquire privately held Covey Park Energy LLC to create what could be the Haynesville Shale’s largest natural gas producer.

June 10, 2019

Comstock Forecasting 50% Increase in Haynesville Natural Gas Output in 2019

The Haynesville Shale continued to be the go-to spot for Comstock Resources Inc. during 1Q2019, where four rigs are now running across the company’s 88,000-acre leasehold.

May 13, 2019

Flush With Cowboy Cash, Comstock Heads for End Zone in Haynesville This Year

After executing a transformative deal last year with Dallas Cowboys owner Jerry Jones to return the company to profitability, Comstock Resources Inc. has unveiled plans to spend more on completions in 2019 and grow natural gas production by about 50%.

February 22, 2019
Comstock’s Haynesville-Driven Gas Output Up 55%; Jerry Jones Bakken Deal a Go

Comstock’s Haynesville-Driven Gas Output Up 55%; Jerry Jones Bakken Deal a Go

Haynesville Shale producer Comstock Resources Inc. reported solid results from its mainstay play during the first quarter, and it now is gearing up to expand its expertise in the Bakken Shale with the backing of Dallas Cowboys owner Jerry Jones.

May 11, 2018

Comstock to ‘Go on Offense’ with Jerry Jones Infusion

U.S. onshore producer Comstock Resources Inc. on Thursday said negotiations are underway with Dallas Cowboys owner Jerry Jones to become the majority shareholder.

April 27, 2018
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