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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 bonjovi501on Sep 27, 2011 1:02pm
182 Views
Post# 19089232

RE: hedge

RE: hedgeNo hedging as I talked to Chantal and he said they want a lot higher prices before even thinking of hedging. They were looking at over $2000.00 an ounce before even thinking about it. I guess people have been saying hedging is a no no for mining companies especially if gold goes to $2500.00 or higher are then we are stuck at $2000.00 It could go both ways because if gold falls big time then the companies who hedge would be laughing.
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