Comstock Resources Company News

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Oxy-Anadarko Deal Anchors Muted M&A Rebound in 2Q
Wednesday, July 03, 2019 Drillinginfo analysis finds that U.S. M&A deal value rebounded to $65 billion in the second quarter, driven largely by the Oxy-Anadarko deal.

Comstock to Acquire Covey Park in $2.2B Deal
Monday, June 10, 2019 Comstock Resources is acquiring Covey Park Energy in a push to become a leader in the Haynesville Basin.

Explorers In Need of Cash Are Selling Oil Fields as Last Resort
Thursday, August 06, 2015 Energy explorers reeling from the rout in oil prices are looking for liquidity in an obvious place: their rocks.

Rosetta Buying Permian Basin Assets from Comstock for $768M
Friday, March 15, 2013 Rosetta agrees to buy all of Comstock's oil and gas properties in the Reeves and Gaines counties, giving Rosetta exposure to the Permian Basin and a complement to its Eagle Ford properties.

Comstock Resources, KKR Pen Eagle Ford Agreement
Monday, July 30, 2012 Comstock Resources and KKR announced the signing of a definitive participation agreement providing for the participation of KKR in Comstock's future development of its Eagle Ford shale acreage.

Comstock Shifts Drilling Focus Away from Gas
Monday, January 30, 2012 Comstock Resources will refocus its drilling efforts away from natural gas in 2012 due to ongoing weakness in U.S. natural gas prices.

Comstock Acquires Delaware Basin Assets for $331.9M
Thursday, December 29, 2011 Comstock Resources closes the previously announced acquisition of oil and gas properties in the Delaware Basin in West Texas from Eagle Oil & Gas Co. and certain other parties for $331.9 million.

Comstock Shuffles Management
Wednesday, February 23, 2011 Comstock announced changes in the management.

Comstock Touts 45% Increase in Proved O&G Reserves
Monday, January 24, 2011 Comstock reported that its proved oil and natural gas reserves were estimated at 1,026 Bcf of natural gas and 4.2 million barrels of crude oil, an increase of 45% as compared to total proved reserves as of December 31, 2009.

Comstock to Drill Additional 10 Haynesville Wells
Thursday, October 21, 2010 Comstock expects to drill another ten wells in the fourth quarter giving the Company an estimated 22 wells to carry over into 2011 for completion.

Comstock Resources Touts First Success in Northern La.
Wednesday, March 24, 2010 Comstock Resources announced that the first well drilled in its South Toledo Bend field in Sabine Parish in Northern Louisiana was successful.

Object Reservoir Unveils Haynesville Shale Multi-Co Exploitation Project
Thursday, April 16, 2009 Object Reservoir announced the commencement of a multi-company initiative to help increase the value of Haynesville shale assets.

Comstock Plans to Spend $450MM on E&P, to Drill Fewer Wells in '09
Monday, January 05, 2009 Comstock plans to spend $450 million in 2009 for development and exploration activities, specifically focusing on its extensive acreage position in the Haynesville Shale.

Comstock Resources Ups Q1 Sales 65%
Tuesday, May 06, 2008 Comstock reported net income of $41.1 million or 91 cents per diluted share for the three months ended March 31, 2008 as compared to 2007's first quarter net income of $12.6 million or 28 cents per diluted share.

Q1 Drilling for Comstock a success with 35 of 36 Wells
Tuesday, May 06, 2008 Onshore, Comstock drilled 31 (19.6 net) successful development wells in the first quarter of 2008.

Texas Properties Sold by Comstock for $122 Million
Tuesday, May 06, 2008 The estimated proved reserves attributable to the properties being sold are 44.3 Bcfe. Production in the first quarter of 2008 attributable to Comstock's interest in these properties was 8.5 MMcfe per day.

Comstock's Proved Gas Reserves Down 13 Bcf
Monday, January 28, 2008 Comstock Resources reported that total consolidated proved oil and natural gas reserves as of December 31, 2007 are estimated at 838 Bcf of natural gas and 35.1 million barrels of crude oil or 1,049 Bcf equivalent of natural gas.

Comstock Digs Deep in 2008: Unveils $526M Exploration, Development Budget
Tuesday, January 08, 2008 The 2008 budget is comprised of $276 million to be spent on its onshore properties and $250 million to be spent by Bois d'Arc Energy, Inc. for its offshore Gulf of Mexico drilling program.

Comstock Closes $170 Million Oil & Gas Property Acquisition
Monday, December 31, 2007 Comstock Resources, Inc. has closed the previously announced acquisition of certain oil and gas properties and related assets from SWEPI LP, an affiliate of Shell Oil Company for $170.0 million.

Comstock’s First Horizontal Cotton Valley Well Hits Gas
Tuesday, December 18, 2007 The results of Comstock Resources' first horizontal Cotton Valley well drilled in the Waskom field in Harrison County, Texas include ample natural gas production.

Comstock Purchases South Texas Acreage from Shell Affiliate
Tuesday, November 27, 2007 Comstock as agreed to purchase certain oil and gas properties in South Texas from SWEPI, an affiliate of Shell Exploration & Production for $170.0 million.

Saxon Oil Gears Up for More E&P Activity
Monday, September 24, 2007 Saxon has completed four acquisitions since June 2007, with plans to acquire more properties that complement its existing production and technical capabilities.

Comstock's Q2 Profit Edges Upward
Tuesday, August 07, 2007 Comstock Resources (NYSE: CRK) reported financial and operating results for the quarter and six months ended June 30, 2007.

Saxon to Participate in East Texas Cotton Valley Well
Wednesday, July 11, 2007 Saxon Oil Company has agreed to participate in the drilling of a 10,400-foot Cotton Valley development well to be operated by Comstock Resources.

Comstock Acquires South Texas Acreage, Ups Onshore Drilling Budget
Monday, June 04, 2007 Comstock Resources, Inc. on Friday completed an acquisition of oil and gas properties for $32.5 million, effective April 1, 2007.

Comstock Ups Exploration Budget by 11%
Thursday, January 04, 2007 Comstock Resources, Inc. said that its consolidated budget for development and exploration activities for 2007 will be $478 million.

Bois d'Arc Reports Third Quarter Results
Thursday, November 02, 2006 Bois d'Arc Energy, Inc. on Thursday reported its financial and operating results for the quarter and nine months ended September 30, 2006.

Bois d'Arc Ups Stake in Ship Shoal Block 113
Monday, August 28, 2006 Bois d'Arc Energy has agreed to purchase an additional 20% working interest in the Ship Shoal 113 unit by exercising certain preferential rights.

Comstock Resources Sees Increase in 1Q06 Net Income
Friday, May 05, 2006 Comstock Resources reported net income of $29.6 million or 68 cents per diluted share for the three months ended March 31, 2006 as compared to 2005's first quarter net income of $15.9 million or 43 cents per diluted share.

Comstock Sets 2006 Budget at $200 Million
Wednesday, December 21, 2005 Comstock Resources has set its capital expenditure budget for development and exploration activities for 2006 will be $200 million.

Comstock Resources Announces Public Offering of its Common S
Monday, March 28, 2005 Comstock Resources plans to commence a public offering of approximately $125.0 million of its common stock pursuant to its existing shelf registration statement.

Comstock Resources to Acquire Assets from EnSight Energy
Monday, March 28, 2005 Comstock Resources has agreed to purchase certain oil and gas properties and related assets from EnSight Energy for $192.5 million,

Comstock Resources Reports 2004 Results
Friday, February 25, 2005 Comstock reported net income of $15.9 million, 43 cents per diluted share for the three months ended December 31, 2004 as compared to 2003's fourth quarter income of $5.7 million, 16 cents per diluted share.

Comstock Resources Announces Reserves as of Dec. 04
Wednesday, February 23, 2005 Comstock Resources reports that as of December 31, 2004, its total proved oil and gas reserves were 628.8 billion cubic feet of natural gas equivalent, including 15.9 million barrels of crude oil and 533.6 billion cubic feet of natural gas.

Comstock Resources Reports 3Q04 Results
Monday, November 08, 2004 Comstock reported net income of $12.3 million, 34 cents per diluted share for the three months ended September 30, 2004 as compared to 2003's third quarter income of $12.9 million, 36 cents per diluted share. Third quarter 2004's oil and gas sales of $78.4 million increased 38% over 2003's third quarter sales of $56.9 million.

Comstock Resources Closes $62.0 Million Acquisition
Monday, October 04, 2004 Comstock Resources has closed the previously announced acquisition of producing oil and gas properties in the East Texas, Arkoma, Anadarko and San Juan basins from Ovation Energy for $62.0 million.

Comstock Resources Acquires Assets of Ovation Energy
Wednesday, August 25, 2004 Comstock Resources has agreed to purchase substantially all of the assets of Ovation Energy, L. P. for $62.5 million.

Comstock Contributes GoM Properties to a New Venture
Monday, July 19, 2004 Comstock Resources, Inc. has contributed its interests in oil and natural gas properties located in the state and federal waters of the Gulf of Mexico and $102.7 million in related debt to newly created Bois d'Arc Energy, LLC.

Comstock Makes Gulf of Mexico Discovery
Tuesday, April 08, 2003 Comstock Resources makes a significant offshore discovery at South Pelto Block 22 in the Gulf of Mexico.