Comstock Resources Inc. announced today that it was the successful bidder on Package 2 - North Louisiana Properties at an auction held July 17, 2018, that was conducted under the Chapter 11 bankruptcy proceedings of Enduro Resource Partners LLC, et. al. The North Louisiana properties consist of approximately 21,000 gross acres primarily in Caddo and DeSoto Parishes in Louisiana. Comstock bid $31.0 million, subject to [...]
Comstock Resources Inc. announces its plan to release second quarter 2018 results on August 8, 2018 before the market opens and host its quarterly conference call at 10:00 a.m. CT. Dial-In: 844-776-7840 International Dial-In: 661-378-9538 Conference ID: 7684899 Webcast URL. A replay of the conference call will be available beginning at 1:00 p.m. CT August 8, 2018 and will continue until 1:00 p.m. CT August 15, 2018 [...]
Comstock Resources Inc. announced today that it is commencing a tender offer with respect to any and all of its outstanding Senior Secured Toggle Notes due 2020, 7.75% Convertible Secured PIK Notes due 2019, 9.50% Convertible Secured PIK Notes due 2020, 10% Senior Secured Notes due 2020, 7.75% Senior Notes due 2019 and 9.50% Senior Notes due 2020. The total consideration to be received by holders whose Notes are validly [...]
Comstock Resources Inc. announced today that, subject to market and other conditions, its wholly-owned subsidiary Comstock Escrow Corporation intends to offer for sale in a private placement under Rule 144A and Regulation S under the Securities Act of 1933, as amended, $850.0 million in aggregate principal amount of senior unsecured notes due 2026. The gross proceeds of the offering will initially be deposited in an [...]
Comstock Resources Inc. announced today that it has obtained commitments from a syndicate of thirteen banks for a new five year reserve-based revolving credit facility with an initial borrowing base of $700.0 million. The New Credit Facility is subject to customary closing conditions and will become effective concurrent with the closing of the contribution of certain oil and gas assets by Arkoma Drilling, L.P. and [...]
Comstock Resources Inc. today reported financial and operating results for the three months ended March 31, 2018. Financial Results for the Three Months Ended March 31, 2018 Comstock produced 22 billion cubic feet of natural gas and 190,000 barrels of oil or 22.8 billion cubic feet of natural gas equivalent in the first quarter of 2018. Natural gas production averaged 241 million cubic feet per day, an increase of 55 [...]
Comstock Resources Inc. announced today that it has entered into a definitive agreement with Arkoma Drilling, L.P. and Williston Drilling, L.P. to acquire certain oil and gas assets located in North Dakota in exchange for common stock in the Company. Arkoma and Williston are owned by Dallas businessman and owner of the Dallas Cowboys Football Club Ltd., Jerry Jones and his family. The Company has valued the assets to be [...]
Comstock Resources Inc. announced today that it closed the previously announced sale of its producing Eagle Ford shale oil and gas properties in McMullen, LaSalle, Frio, Atascosa, Wilson, and Karnes counties, Texas for $125 million, to a subsidiary of USG Energy Gas Producer Holdings, LLC on April 27, 2018. The properties sold include 191 producing oil wells and approximately 9,900 net acres associated with the producing [...]
Comstock Resources Inc. announced today that it has withdrawn the previously announced offers to purchase any and all of its outstanding Senior Secured Toggle Notes due 2020, 7.75% Convertible Secured PIK Notes due 2019 and 9.5% Convertible Secured PIK Notes due 2020. No Notes were purchased by the Company in the Tender Offer, and all Notes previously tendered and not withdrawn will be promptly returned. The Tender Offers [...]
Comstock Resources Inc. announced today that the Company is in negotiation with Dallas businessman and owner of the Dallas Cowboys Football Club Ltd., Jerry Jones, to make a substantial investment in the Company. Under a letter of intent entered into by the Company and Arkoma Drilling L.P. and Williston Drilling, Comstock will acquire interests in certain oil and gas properties located in North Dakota in exchange for [...]
Comstock Resources Inc. announces its plan to release first quarter 2018 results on May 10, 2018 before the market opens and host its quarterly conference call at 10:00 a.m. CT. Dial-In: 844-776-7840 International Dial-In: 661-378-9538 Conference ID: 1182009 Webcast URL. A replay of the conference call will be available beginning at 1:00 p.m. CT May 10, 2018 and will continue until 1:00 p.m. CT May 17, 2018. Replay [...]
Comstock Resources Inc. announced today that it is commencing tender offers with respect to any and all of its outstanding Senior Secured Toggle Notes due 2020, 7 3/4% Convertible Secured PIK Notes due 2019 and 9 1/2% Convertible Secured PIK Notes due 2020). The total consideration to be received by holders who tender their Convertible Notes and are accepted for purchase is set forth below: Summary of Consideration for [...]
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