Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Comstock Drills 63 Eagle Ford Wells in 2013; Reports Income Loss
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Comstock Resources, Inc. reported financial and operating results for the quarter and year ended December 31, 2013.
2013 Drilling ResultsComstock reported on the results of its 2013 drilling program related to its continuing operations, which was primarily focused on developing its Eagle Ford oil shale properties in South Texas. During 2013, Comstock spent $343.6 million on its continuing development and exploration activities and $137.0 million on acreage acquisition costs. Comstock drilled 75 horizontal oil wells (51.6 net) and two horizontal natural gas wells (2.0 net) and had eight oil wells (6.6 net) in various stages of drilling at December 31, 2013.
During 2013 the Company completed 63 of its Eagle Ford shale wells (42.0 net) including six wells (3.8 net) drilled in 2012. The…
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