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Comstock Resources Inc T.CRK.DB


Primary Symbol: CRK

Comstock Resources, Inc. is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates through the exploration and production of North American oil and natural gas segment. The Company primarily operates in the Haynesville shale, a natural gas basin located in North Louisiana and East Texas, with economic and geographical proximity to the Gulf Coast markets. The Company is focused on the development of drilling opportunities in the Haynesville and Bossier shales and exploration activities in Western Haynesville play. The Company has approximately 2,959 drilling locations on its Haynesville/Bossier shale acreage, where the Company estimates to have 4.9 trillion cubic feet equivalent (TCFE) of reserve potential. The Company owns interests in approximately 2,478 producing oil and natural gas wells (1,516.7 net) and operates 1,703 of these wells.


NYSE:CRK - Post by User

Comment by DetVicMackeyon Sep 07, 2011 2:59pm
315 Views
Post# 19019102

RE: Croc website and other thoughts

RE: Croc website and other thoughtsIf Cosmo's cash costs are anywhere < $500/oz then it would exceed most people's expectations. I think initially costs will come in at $900-1100/oz and drop to $600-700 longer term. CRK had been overpromising and underdelivering for a long time. Upside could be capped with discouraged investors who bought at higher prices, but the downside looks really small from here on out. I think news for Cosmo could come out later this month or early next month when development is expected to be complete. All other minor activities going on with Cosmo are immaterial and don't warrant a press release.
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