The results of Comstock Resources' first horizontal Cotton Valley well drilled in the Waskom field in Harrison County, Texas include ample natural gas production. The Bell #11A-H well was drilled to a total vertical depth of 9,490 feet with a 2,548 foot horizontal leg drilled through the upper and lower Taylor Cotton Valley Sands.
The Bell #11-A-H was successfully completed with a seven stage frac. The well was tested at an initial production rate of 8.4 million cubic feet of natural gas per day with flowing casing pressure of 950 pounds per square inch. The well is expected to cost approximately $4.8 million. Comstock has a 69% working interest and a 53% net revenue interest in this successful well.
"We are very pleased with the results of our first horizontal well in our Cotton Valley trend acreage. We currently plan to drill seven horizontal wells in 2008 in our East Texas/North Louisiana region, including five additional horizontal wells in the Waskom field. We anticipate our horizontal drilling program will significantly enhance the economic profile of our East Texas drilling program in 2008 and future years," stated M. Jay Allison, President and Chief Executive Officer of Comstock.
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