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Company Description

Contact Info

Comstock Tower

Suite 500

5300 Town and Country Boulevard

Frisco, TX 75034

United States

Phone: 972-668-8800

Fax: 972-668-8812

Comstock Resources, Inc. is engaged in the acquisition, development, production, and exploration of oil and natural gas. The company’s oil and gas operations are concentrated in Texas and Louisiana. Reserves The company’s oil and natural gas properties are estimated to have proved reserves of 585 Bcfe (billion cubic feet of natural gas equivalent). Properties East Texas/North Louisiana Region The company owns interests in 956 producing wells (584.8 net to the company) in 28 field areas. The company operates 662 of these wells. The two wells the company drilled in 2013 were Bossier shale horizontal wells. Logansport: The Logansport field located in DeSoto Parish, Louisiana primarily produces from the Haynesville and Bossier shale formations at a depth of 11,100 to 11,500 feet and from multiple sands in the Cotton Valley and Hosston formations at an average depth of 8,000 feet. The company owns interests in 252 wells (161.9 net to the company) and operates 178 of these wells in this field. Toledo Bend: Production from the Haynesville shale in the Toledo Bend field ranges from 11,400 to 11,800 feet and from 10,880 to 11,300 feet in the Bossier shale. The company owns interests in 76 producing wells (39.3 net to the company) and operates 41 of these wells in this field. During 2013 the company drilled two horizontal wells at Toledo Bend and completed two wells that were drilled in 2012. Beckville: The Beckville field is located in Panola and Rusk counties, Texas. The company operates 191 wells in this field and owns interests in 78 additional wells for a total of 269 wells (159.3 net to the company). The Beckville field produces primarily from the Cotton Valley formation at depths ranging from 9,000 to 10,000 feet. Waskom: The Waskom field is located in Harrison and Panola counties in Texas. The company owns interests in 63 wells in this field (39.8 net to the company) and operates 47 wells in this field. The Waskom field produces from the Cotton Valley formation at depths ranging from 9,000 to 10,000 feet and from the Haynesville shale formation at depths of 10,800 to 10,900 feet. Blocker: The Blocker field is located in Harrison County, Texas. The company owns interests in 77 wells (71.0 net to the company) and operates 71 of these wells. Most of this production is from the Cotton Valley formation between 8,600 and 10,150 feet and the Haynesville shale formation between 11,100 and 11,450 feet. Mansfield: The Mansfield field is located in DeSoto Parish, Louisiana and produces from the Haynesville shale between 12,250 and 12,350 feet. The company owns interests in 17 wells (4.6 net to the company) and operates 4 of these wells. Douglass: The Douglass field is located in Nacogdoches County, Texas and is productive from stratigraphically trapped reservoirs in the Pettet Lime and Travis Peak formations. These reservoirs are found at depths from 9,200 to 10,300 feet. The company owns interests in 40 wells (25.8 net to the company) and operates 33 of these wells. Darco: The Darco field is located in Harrison County, Texas and produces from the Cotton Valley formation at depths from approximately 9,800 to 10,200 feet. The company owns interests in 23 wells (18 net to the company) and operates all of these wells. South Texas Region The company owns interests in 240 producing wells (151.7 net to the company). The company owns interests in 13 field areas in the region, including Eagleville, Fandango, Rosita, Javelina, Las Hermanitas and Lopeno fields. Eagleville: The company has 31,755 acres (25,316 net to the company) in McMullen, Atascosa, Frio, La Salle, Karnes and Wilson counties which comprise its Eagleville field. The Eagle Ford shale is found between 7,500 feet and 11,500 feet across its acreage position. As of December 31, 2013, the company had 101 wells (74.6 net to the company) producing in the Eagleville field. Fandango: The company owns interests in 19 wells (19.0 net to the company) in the Fandango field located in Zapata County, Texas. The company operates all of these wells which produce from the Wilcox formation at depths from approximately 13,000 to 18,000 feet. Rosita: The company owns interests in 29 wells (15.7 net to the company) in the Rosita field, located in Duval County, Texas. The company operates 28 of these wells which produce from the Wilcox formation at depths from approximately 9,300 to 17,000 feet. Javelina: The company owns interests in and operates 18 wells (18.0 net to the company) in the Javelina field in Hidalgo County in south Texas. These wells produce primarily from the Vicksburg formation at a depth of approximately 10,900 to 12,500 feet. Las Hermanitas: The company owns interests in and operates 11 natural gas wells (11.0 net to the company) in the Las Hermanitas field, located in Duval County, Texas. These wells produce from the Wilcox formation at depths from approximately 11,400 to 11,800 feet. Lopeno: The Lopeno Field is located in Zapata County, Texas. The company owns interests in 17 wells (2.7 net to the company) and operate 1 of these wells. Other Regions The company owns interests in 339 producing wells (85.3 net to the company) in 15 fields within these regions. San Juan: The company’s San Juan Basin properties are located in the west-central portion of San Juan County, New Mexico. These wells produce from multiple sands of the Cretaceous Dakota formation and the Fruitland Coal seams. The company owns interests in 92 wells (14.0 net to the company) in this field. Business Strategy The company’s strategy includes the following: pursuing exploration opportunities; exploiting existing reserves; maintaining flexible capital expenditure budget; and acquiring high quality properties at attractive costs. Customers The company’s customers include BP Energy Company and Shell Oil Company. History Comstock Resources, Inc. was founded in 1919.

 

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