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Comstock Resources Reports Q4 2019 Results
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Comstock Resources, Inc. reported financial and operating results for the quarter and year ended December 31, 2019.
2020 PlansThe Company also announced its current drilling plans for 2020. Comstock's planned capital expenditures for 2020 total $421.0 million and exclusively focused on the Haynesville/Bossier shale. Comstock is currently planning to operate five drilling rigs in 2020 and will drill 46 (34.3 net) operated horizontal wells and complete the 18 (12.6 net) wells drilled in 2019.
2019 Drilling ResultsTotal expenditures in 2019 for drilling and development activities was $510.5 million. Comstock spent $485.4 million to develop its Haynesville and Bossier shale properties, including $468.5 million on drilling and completing wells and an additional $16.9 million on other…
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