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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.


NYSE:CRK - Post by User

Comstock Resources Inc
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Post by Lubi54on May 16, 2013 12:50pm
217 Views
Post# 21403823

crocodile Q 1 data

crocodile Q 1 data

Hi

 

unless my math capabilties have failed me I arrive at some astounding figures

 

whereas revenue is up by 350%

 

depletion/depreciatition  is up a whopping 1,270%

 

question for pundits- why?

 

coupled with sinking gold prices, this increase will send the share south quickly.

 

rgdsLUBi54

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