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Comstock Averages 796 BOE/d IP Rate in Eagle Ford; Talks Bossier Ops
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Comstock Resources Inc. reported financial and operating results for the quarter and six months ended June 30, 2013.
As previously reported, Comstock completed the divestiture of its West Texas operations on May 14, 2013, receiving proceeds of $823.7 million. A gain on the sale of $230.6 million ($149.9 million after tax or $3.21 per share) was recognized in the quarter. This gain and the operating results of the West Texas properties are reflected as discontinued operations in the Company's financial statements.
2013 Drilling ResultsComstock reported on the results to date of its 2013 drilling program related to its continuing operations which is focused on developing its Eagle Ford oil shale properties in South Texas. During the first six months of 2013, Comstock spent $128.7…
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