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Comstock Adds 286 Bcfe in Haynesville Reserves; Talks 2017 Well Plans
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Comstock Resources reported its Q4 2016 results.
2017 Drilling PlansComstock currently plans to drill 20 (15.5 net) additional Haynesville shale wells in 2017 and complete the 2016 wells at an estimated capital outlay of $142.9 million. Comstock has budgeted an additional $7.0 million for other non-drilling expenditures. The Company also has tentatively budgeted an additional $17.6 million for two (1.7 net) Bossier shale wells that may be drilled in late 2017 depending on natural gas prices. These wells would further prove up the Bossier shale potential of its properties demonstrated by the successful Jordan well drilled in 2015.
Key Points: Comstock added 286 Bcfe of new proved oil and natural gas reserves primarily related to its Haynesville shale properties Comstock drilled 13…- ✓ Full news archive — U.S., Canada & international coverage
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