FRISCO, Texas, Jan. 22, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE:CRK) announced today that its proved oil and natural gas reserves as of December 31, 2012 were estimated at 39 million barrels of crude oil and 477 billion cubic feet ("Bcf") of natural gas or 712 billion cubic feet of natural gas equivalent ("Bcfe") as compared to total proved reserves as of December 31, 2011 of [...]
FRISCO, Texas, Jan. 7, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE:CRK) announced that it plans to spend approximately $420 million in 2013 for development and exploration activities. The 2013 drilling program will focus on the continued development and delineation of the Company's Eagle Ford shale properties in South Texas and its Wolfbone properties in West Texas. [...]
FRISCO, Texas, Oct. 29, 2012 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the three months and nine months ended September 30, 2012. Financial Results for the Three Months and Nine Months Ended September 30, 2012Low natural gas prices continue to adversely impact the Company's financial results for the third quarter of 2012 as [...]
FRISCO, Texas, July 30, 2012 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the three months and six months ended June 30, 2012. Financial Results for the Three Months and Six Months Ended June 30, 2012Low natural gas prices continue to adversely impact the Company's financial results in the second quarter of 2012 as Comstock [...]
FRISCO, Texas, July 30, 2012 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock") (NYSE: CRK) and Kohlberg Kravis Roberts & Co L.P. (together with its affiliates, "KKR") today 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 in Atascosa, Frio, Karnes, LaSalle, McMullen and Wilson Counties in South [...]
FRISCO, Texas, May 31, 2012 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that it has priced an underwritten public offering of $300 million in aggregate of senior notes due 2020 which will bear interest at a rate of 9 1/2% per annum. The notes are being sold at 95.304% of par, which equates to an effective yield to maturity of 10 3/8%. Comstock intends to use the net [...]
FRISCO, Texas, May 31, 2012 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that it intends to offer $250 million in aggregate principal amount of senior notes due 2020, subject to market and other conditions. The offering will be made by means of an underwritten public offering pursuant to an automatic shelf registration statement filed with the Securities and [...]
HONG KONG -- (Marketwire) -- 05/22/12 -- Today, www.EquityLeader.com introduced research coverage of Comstock Resources Inc (NYSE: CRK) and Concho Resources Inc. (NYSE: CXO). Full research reports are available to readers at: www.EquityLeader.com/index.php?sm1=CRK&sm2=CXO.
Economic fundamentals leading into 2012 have set a generally positive pace with GDP growth likely to pick up through the coming year. However, there [...]
FRISCO, Texas, May 9, 2012 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced the promotion of Mark A. Williams to Chief Operating Officer. Mr. Williams, who has been with Comstock since 1996 and until his promotion served as Vice President of ...
FRISCO, Texas, March 19, 2012 /PRNewswire/ -- Comstock Resources, Inc. ('Comstock' or the 'Company')
today provided an update of the status of the divestitures planned for this year.
The Company previously announced its plans to sell non-core oil and gas properties located in Tyler and Polk counties in South Texas and Lincoln Parish in North Louisiana. Production from these properties averaged 366 barrels of oil per day
FRISCO, Texas, March 6, 2012 /PRNewswire/ -- Comstock Resources, Inc. ('Comstock' or the 'Company')
today reported that its bank credit facility borrowing base has been reaffirmed by its bank group at $700.0 million. The Company's revolving bank credit facility is administered by Bank of Montreal and has 16 participating banks. The next borrowing base re-determination is expected to occur in October 2012.