Comstock Resources Inc. and Covey Park Energy LLC today jointly announced that Comstock has entered into an agreement under which Comstock will acquire Covey Park in a cash and stock transaction valued at approximately $2.2 billion, including the assumption of Covey Park's outstanding debt and the retirement of Covey Park's existing preferred units which in the aggregate total approximately $1.1 billion. Covey Park is a [...]
Comstock Resources Inc. REPORTS FIRST QUARTER 2019 May 9, 2019 – Comstock Resources Inc. today reported financial and operating results for the first quarter of 2019. On August 14, 2018, the Company completed transactions in which entities controlled by Dallas businessman Jerry Jones and his children contributed their Bakken Shale properties to the Company in exchange for approximately 88.6 million shares of [...]
Comstock Resources Inc. announces its plan to release first quarter 2019 results on May 9, 2019 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: 9766835 Webcast. A replay of the conference call will be available beginning at 1:00 p.m. CT May 9, 2019 and will continue until 1:00 p.m. CT May 16, 2019. Replay Dial-In [...]
Comstock Resources Inc. announced today that the registration statement for its 9¾% Senior Notes due 2026 has been declared effective. Accordingly, Comstock has commenced an offer to exchange all of its outstanding 9¾% Senior Notes due 2026 , which are not registered under the Securities Act of 1933, as amended, for an equal principal amount of newly issued 9¾% Senior Notes due 2026 that have been [...]
Comstock Resources Inc. today reported financial and operating results. As a result of the transactions that were completed on August 14, 2018 in which entities controlled by Dallas businessman Jerry Jones and his children contributed their Bakken Shale properties to the Company in exchange for approximately 88.6 million shares of Comstock common stock and the Company refinanced its long-term debt, the Company is [...]
Comstock Resources Inc. announced today that its proved oil and natural gas reserves as of December 31, 2018 were estimated by its independent petroleum engineering firm at 23.6 million barrels of crude oil and 2,283 billion cubic feet of natural gas or 2,424 billion cubic feet of natural gas equivalent as compared to total proved reserves of 1,162 Bcfe as of December 31, 2017. The 2,424 Bcfe of proved reserves at [...]
Comstock Resources Inc. announced today that it has entered into an agreement with Shelby Shale, LLC to acquire an 88% interest in 6,124 gross acres limited to Shelby's Haynesville shale rights in Harrison and Panola counties, Texas for $20.5 million. Comstock will pay the purchase price over a four year period by granting Shelby a 12% interest in each well drilled by Comstock on the acreage up to a total of $20.5 million [...]
Comstock Resources Inc. today reported financial and operating results. On August 14, 2018 Arkoma Drilling, L.P. and Williston Drilling, L.P. contributed to the Company certain oil and gas properties producing from the Bakken shale in exchange for common stock of Comstock representing a controlling stake in the Company . The Jones Partnerships are wholly owned and controlled by Dallas businessman Jerry Jones and his [...]
Comstock Resources Inc. announces its plan to release third quarter 2018 results on November 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: 4688623 Webcast URL: https://edge.media-server.com/m6/p/dahxzcr6 A replay of the conference call will be available beginning at 1:00 p.m. CT November 8, 2018 and will [...]
Comstock Resources Inc. announced today that in connection with closing the recently completed contribution by Arkoma Drilling and Williston Drilling, entities owned by Jerry Jones and his family, that its Board of Directors is being reduced from the current nine members to five members. M. Jay Allison, Roland O. Burns, Elizabeth B. Davis, Morris E. Foster and Jim L. Turner, will continue to serve on the Company's Board [...]
Comstock Resources Inc. announced today that it has closed the previously announced contribution of oil and gas properties from entities wholly-owned by Dallas businessman Jerry Jones in exchange for 88,571,429 shares of common stock of the Company. Comstock also announced that it has completed a comprehensive refinancing plan, which included a cash tender offer for all of the outstanding senior notes of the Company, a [...]
Comstock Resources Inc. today reported financial and operating results for the three months and six months ended June 30, 2018. Financial Results for the Three Months and Six Months Ended June 30, 2018 Comstock produced 22 billion cubic feet of natural gas and 90,000 barrels of oil or 22.3 billion cubic feet of natural gas equivalent in the second quarter of 2018. Natural gas production averaged 239 million cubic feet [...]
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