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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 December3on Oct 15, 2012 3:10pm
201 Views
Post# 20485391

RE: RE: BINGO

RE: RE: BINGO

Ah, do your realize that the Glencoe deposit, another low grade deposit (<2 gpt), is further away from the Mill than the now shutdown Howley and Brocks Creek mines?  CRK was struggling to truck the ore from those low grade mines the 60 some miles to the mill!  The transport costs for the low grade ore were part of what was driving cash costs so high. Not to mention floods that shutdown the roads, flood in the pits, lightening strikes, etc that could have and have imperiled costs.  Now CRK's growth plan is to add in more low grade ore from a property that farther away from the mill?

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Maybe Chantel needs to give his head a shake?

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