Comstock Resources, Inc. engages in the acquisition, development, production and exploration of oil and natural gas. The company’s oil and gas operations are concentrated in Texas and Louisiana. The company’s oil and natural gas properties are estimated to have proved reserves of 625 Bcfe (billion cubic feet of natural gas equivalent), as of December 31, 2015. Properties East Texas/North Louisiana Region Approximately 79% or 495.4 Bcfe of the company’s proved reserves are located in east Texas and north Louisiana where the company owns interests in 921 producing wells in 28 field areas. The company operates 644 of these wells. The largest of its fields in this region are the Logansport, Beckville, Toledo Bend, Waskom and Blocker fields. Logansport: The Logansport field located in DeSoto Parish, Louisiana primarily produces from the Haynesville and Bossier shale formations at a depth of 11,100 to 11,500 feet and from multiple sands in the Cotton Valley and Hosston formations at an average depth of 8,000 feet. The company owns interests in 250 wells and operates 182 of these wells in this field. Beckville: The Beckville field is located in Panola and Rusk counties, Texas. The company operates 187 wells in this field and owns interests in 72 additional wells for a total of 259 wells. The Beckville field produces primarily from the Cotton Valley formation at depths ranging from 9,000 to 10,000 feet. Toledo Bend: The Toledo Bend field, located in DeSoto and Sabine Parishes in Louisiana, is productive in the Haynesville shale from 11,400 to 11,800 feet and in the Bossier shale from 10,880 to 11,300 feet. The company owns interests in 76 producing wells and operates 41 of these wells in this field. Waskom: The Waskom field is located in Harrison and Panola counties in Texas. The company owns interests in 59 wells in this field and operates 43 wells in this field. The Waskom field produces from the Cotton Valley formation at depths ranging from 9,000 to 10,000 feet and from the Haynesville shale formation at depths of 10,800 to 10,900 feet. Blocker: The Blocker field is located in Harrison County, Texas. The company owns interests in 74 wells and operates 69 of these wells. Most of this production is from the Cotton Valley formation between 8,600 and 10,150 feet and the Haynesville shale formation between 11,100 and 11,450 feet. South Texas Region Approximately 19% of the company’s proved reserves are located in South Texas, where it owns interests in 322 producing wells. The company owns interests in 13 field areas in the region, the largest of which are the Eagleville, Fandango, Rosita, Javelina and Las Hermanitas fields. Eagleville: The company has 30,219 acres in McMullen, Atascosa, Frio, La Salle, Karnes and Wilson counties which comprise its Eagleville field. The Eagle Ford shale is found between 7,500 feet and 11,500 feet across its acreage position. As of December 31, 2015, the company had 196 wells producing in the Eagleville field. Fandango: The company owns interests in 17 wells in the Fandango field located in Zapata County, Texas. The company operates all of these wells which produce from the Wilcox formation at depths from approximately 13,000 to 18,000 feet. Rosita: The company owns interests in 24 wells in the Rosita field, located in Duval County, Texas. The company operates 23 of these wells which produce from the Wilcox formation at depths from approximately 9,300 to 17,000 feet. Javelina: The company owns interests in and operates 17 wells in the Javelina field in Hidalgo County in South Texas. These wells produce primarily from the Vicksburg formation at a depth of approximately 10,900 to 12,500 feet. Las Hermanitas: The company owns interests in and operates 11 natural gas wells in the Las Hermanitas field, located in Duval County, Texas. These wells produce from the Wilcox formation at depths from approximately 11,400 to 11,800 feet. Other Regions Approximately 2% of the company’s proved reserves are in other regions, primarily in New Mexico and the Mid-Continent region. The company also has a large acreage position in Mississippi and Louisiana in the emerging Tuscaloosa Marine shale play. The company owns interests in 332 producing wells in 15 fields within these regions. Net daily production from its other regions during 2015 totaled 3 MMcf of natural gas and 199 barrels of oil or 5 MMcfe per day. Business Strategy The company’s strategy includes the following: pursuing exploration opportunities; exploiting existing reserves; maintaining flexible capital expenditure budget; and acquiring high quality properties at attractive costs. Customers BP Energy Company and its subsidiaries and Shell Oil Company and its subsidiaries accounted for 52% and 25%, respectively, of the company’s total 2015 sales. Regulation The company’s operations are subject to the Clean Air Act, and comparable state and local requirements. History Comstock Resources, Inc. was founded in 1919.
comstock resources inc (CRK:New York)
5300 Town & Country Boulevard
Frisco, TX 75034
The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content.
|No competitor information is available for CRK.|
|View Industry Companies|
|Price/Cash Flow||NM||Not Meaningful|
Sponsored Financial Commentaries
Only a company representative may request an update for the company profile. Documentation will be required.
To contact COMSTOCK RESOURCES INC, please visit crkfrisco.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.