Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Activity | Drilling Program
Comstock IDs Haynesville-Focused 2016 Capex; Well Plans
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Comstock Resources has reported its 2016 capital budget and development plans.
Key Points: Capital expenditures in 2016 would be approximately $98 million if the Company continues its drilling program and drilled nine extended lateral Haynesville shale wells. Drill three to nine wellsComstock estimates that it will drill three to nine wells in 2016 depending upon commodity prices during the year. The Company's 2016 drilling activity will again be focused on its Haynesville shale properties in Louisiana, where the Company's Haynesville and Bossier wells have economic returns even in the current low natural gas price environment. The Company plans to commence drilling in March 2016 utilizing the one drilling rig that the Company has under contract. Capital expenditures in 2016 would…
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