Comstock Resources Inc T.CRK.DB

Primary Symbol: CRK

Energy Oil & Gas E&P

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.

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Comstock Resources Inc > Q4 and 2012 results out-lookin good!

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Comment by ThyFishon Mar 08, 2013 8:23am

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Post# 21098464

RE: RE: Q4 and 2012 results out-lookin good!

This is fantastic news and right in line with what I was expecting but I'm not sure how the derivitives affected the non cash earnings? As you remember the non cash loss was 55mm because of this last QRT, was the huge increase in earnings because of the lower gold price?

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