Top Story | Drilled Uncomplete (DUC) | Drilling Program - Wells | Capital Expenditure - 2021
Haynesville Operator to Ramp Drilling & Completions in 2021
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Comstock Resources provided an update on its 3rd quarter results, but the most interesting bit relates to the new 2021 budget the company provided.
As you can see from the table below, the company's plan includes increasing capital budget by +31% and completing/fracking 47% more wells in 2021.
This is being achieved as a result of the large DUC inventory the company has built so far this year.
Comstock recently restarted completion activity, adding two operating drilling rigs in the third quarter. The company currently has three completion crews working through the backlog of drilled but uncompleted wells.
The ramp-up of activity will allow new wells to come online late in the fourth quarter of 2020 and early in 2021 to coincide with the expected continued improvement of future…
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