Comstock Resources (NYSE: CRK) — Company Overview, News & Financial Data
Comstock Resources is an energy company involved in the acquisition and production of oil and natural gas in the U.S., focusing on sustainability.
Comstock Resources
Comstock Resources is an independent energy company engaged in the acquisition, exploration, development, and production of natural gas and crude oil. The company's operations are primarily concentrated in the Haynesville Shale and Bossier Shale formations located in North Louisiana and East Texas, which are among the most prolific natural gas basins in North America. Comstock Resources focuses on developing its extensive inventory of natural gas drilling locations through horizontal drilling and hydraulic fracturing technologies. The company markets its natural gas production to major gas marketers, industrial end-users, and pipeline companies across the regional Gulf Coast market.
Snapshot
Operations
Products and/or services of Comstock Resources
- Natural Gas Exploration and Production: Development and extraction of natural gas reserves primarily from the Haynesville and Bossier Shale plays in North Louisiana and East Texas, utilizing horizontal drilling and multi-stage hydraulic fracturing to maximize operational productivity.
- Haynesville Shale Assets: Operation of extensive upstream acreage positions across North Louisiana and East Texas targeting deep gas-bearing shale formations, providing primary natural gas volume generation delivered to regional gathering networks and downstream pipelines.
- Bossier Shale Operations: Drilling and production activities focused on the Bossier Shale formation in East Texas and North Louisiana, complementing adjacent natural gas assets and adding long-term inventory of low-cost, liquids-free natural gas resources.
- Deep Gas Exploration: Expansion into emerging deep natural gas trend plays across East Texas, utilizing high-capacity drilling rigs and advanced well completion designs to tap deeper, high-pressure natural gas formations and increase regional production capacity.
- Natural Gas Gathering and Transportation: Infrastructure utilization and midstream integration through strategic pipeline interconnections in North Louisiana and East Texas, facilitating high-volume natural gas transport from wellheads to major intrastate and interstate pipeline hubs.
- Crude Oil Operations: Production and marketing of liquid hydrocarbons and associated crude oil derived from legacy oil properties, supplementing primary natural gas revenues through sales to regional refiners, petroleum marketers, and crude oil purchasing agencies.
Comstock Resources executive team
- Mr. Miles Jay Allison J.D.Chairman of the Board & CEO
- Mr. Roland O. Burns CPAPresident, CFO, Secretary & Director
- Mr. Daniel S. HarrisonChief Operating Officer
- Mr. Daniel K. PresleyVP of Accounting, Controller & Treasurer
- Mr. Clifford Doyle Newell IIIVP of Corporate Development & Chief Commercial Officer
- Mr. Ronald Eugene MillsVice President of Finance & Investor Relations