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Comstock's New Design Boosts Haynesville Results; Extended Laterals
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Comstock Resources, Inc. reported financial and operating results for the three months and six months ended June 30, 2015.
Operational ResultsComstock reported the results to date of its 2015 drilling program. During the first six months of 2015, Comstock spent $169.3 million on its development and exploration activities and $7.3 million on acreage and other acquisition costs. Capital expenditures for the second quarter of 2015 decreased to $53.5 million as compared to the $123.1 million spent in the first quarter of 2015.
During the first six months of 2015, Comstock drilled five (4.9 net) Haynesville shale wells, and had one Haynesville shale well (0.9 net) in the process of drilling. The Company also completed four horizontal Eagle Ford shale wells (2.2 net) in South Texas which…
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