FRISCO, Texas, Nov. 25, 2013 /PRNewswire/ -- Comstock Resources Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that it has entered into a new five year $1.0 billion revolving credit facility with a syndicate of 21 banks, replacing its $750 million bank credit facility. The new bank facility was arranged by BMO Capital Markets and has an initial borrowing base of $625 million. The credit facility is [...]
FRISCO, Texas, Nov. 21, 2013 /PRNewswire/ -- Comstock Resources Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that it has entered into an agreement with Ursa Resources Group II LLC to acquire 70% of its interests in certain oil and gas properties in Burleson and Washington Counties, Texas for $66.5 million. The properties being acquired include one well producing 433 barrels of oil equivalent per day [...]
FRISCO, Texas, Nov. 14, 2013 /PRNewswire/ -- Comstock Resources Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that it has entered into agreements with certain parties to acquire leases on 55,000 acres (53,000 net) in Louisiana and Mississippi for $54.5 million aggregate consideration. The purchase agreements are subject to customary closing conditions and adjustments. The Company believes the acreage [...]
FRISCO, Texas, Nov. 4, 2013 /PRNewswire/ -- Comstock Resources Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the quarter and nine months ended September 30, 2013. Financial Results for the Three Months and Nine Months Ended September 30, 2013Comstock reported a net loss of $24.0 million or 52¢ per share for the three months ended September 30, 2013 as compared to a [...]
FRISCO, Texas, Sept. 12, 2013 /PRNewswire/ -- Comstock Resources Inc. (NYSE: CRK) (the "Company" or "Comstock") announced today that it will redeem all of its outstanding 8?% Senior Notes due 2017 (CUSIP No. 205768AG9). The aggregate principal amount outstanding of the notes is $298 million. The redemption price for the notes is 104.188% of the principal amount or approximately $310 million plus accrued and unpaid [...]
FRISCO, Texas, Aug. 22, 2013 /PRNewswire/ -- Comstock Resources Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that its Board of Directors declared a dividend of $0.125 per share on the Company's common stock. The dividend will be paid on September 16, 2013 to all stockholders of record as of the close of business on September 6, 2013. This press release may contain "forward-looking statements" as that [...]
FRISCO, Texas, July 29, 2013 /PRNewswire/ -- Comstock Resources Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the quarter and six months ended June 30, 2013. As previously reported, Comstock completed the divestiture of its West Texas operations on May 14, 2013, receiving proceeds of $823.7 million. A gain on the sale of $230.6 million ($149.9 million after tax or [...]
FRISCO, Texas, May 15, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that its Board of Directors declared its first dividend payable to its stockholders and has approved an open market share repurchase plan following the divestiture of the Company's West Texas oil and gas properties. As announced yesterday, Comstock completed the divestiture of it West [...]
FRISCO, Texas, May 14, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced that it has completed the divestiture of its West Texas operations with the closing of the sale of its oil and gas properties in Reeves and Gaines counties in West Texas to Rosetta Resources Inc. (NASDAQ: ROSE). The assets sold had proved reserves of 26.8 million barrels of oil equivalent as [...]
FRISCO, Texas, May 8, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced the appointment of Roland O. Burns as President. Mr. Burns has been with Comstock since 1991. M. Jay Allison will continue to serve as Chairman of the Board of Directors and the Company's Chief Executive Officer. Mr. Burns will retain his responsibilities as Chief Financial [...]
FRISCO, Texas, April 29, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the three months ended March 31, 2013. Financial Results for the Three Months Ended March 31, 2013Comstock reported a net loss from continuing operations of $24.5 million or 52¢ per share for the first quarter of 2013 as compared to net income from [...]
FRISCO, Texas, March 15, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced that it has entered into a definitive agreement with Rosetta Resources Inc. ("Rosetta") (Nasdaq: ROSE) pursuant to which Rosetta will acquire all of Comstock's oil and gas properties in Reeves and Gaines counties in West Texas for a sales price of $768 million, subject to customary purchase price [...]
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