2018 Q2 Summary Contribution of properties by Jerry Jones expected to be completed on August 14th Cash flow from contributed properties will fund an expanded Haynesville shale drilling program to drive future growth Comprehensive…
Jerry Jones Asset Contribution Jerry Jones is contributing Bakken Shale producing oil and gas properties valued at 620 million to Comstock in exchange for common stock in the Company. The effective date of the acquisition of the…
Bakken Assets Provide Substantial Cash Flow Bakken Shale Properties Bakken Play Gross / Net Producing 348 / 55.1 Wells: Gross / Net DUCs: 85 / 11.8 Gross / Net PUDs: 7 / 2.6 Williston Basin Net 1P Reserves (By Operator)…
Enduro Acquisition Operated Non-OP 120 (26.2 net) producing wells and 112 (31.0 net) undrilled locations 9,893 net acres Producing approximately 26 MMCF per day Proved reserves of 288 billion cubic feet of natural gas 6
2018 Second Quarter Financial Results in millions except per share and unit amounts 2018 2017 Second Second % Quarter Quarter Change Oil Production (Mbbls) 90 243 -63% Gas Production (MMcf) 21,718 17,321 25% Production (MMcfe)…
2018 First Six Months Financial Results in millions except per share and unit amounts 2018 2017 First Six First Six % Months Months Change Oil Production (Mbbls) 280 508 -45% Gas Production (MMcf) 43,364 31,320 38% Production…
Shut-in Production 19.1 NATURAL GAS (MMcf per day) 1st Quarter 2017 2nd Quarter 2017 8.9 3rd Quarter 2017 8.2 4th Quarter 2017 1st Quarter 2018 5.0 2nd Quarter 2018 4.5 2.0 Wells shut-in for pipeline curtailment or…
Oil and Gas Hedging Program Natural gas hedge positions to support Haynesville drilling program Collars for Collars for Swaps at Total 2.50 to 2.50 to 3.00 (a) Hedged 3.30 (a) 3.50 (a) Mcf per day 2018 Q3 60,000 30,000 30,000…
Balance Sheet As of ( in millions) 6/30/18 Pro Forma (1) Cash and cash equivalents 158 37 Revolving Credit Facility (700 million borrowing base) - 340 9% Senior Notes due 2026 - 850 10% First Lien Secured Notes 697 - Convertible…
Pro Forma Proved Oil & Gas Reserves Oil Gas Total MBbls Bcf Bcfe Proved Reserves as of 3/31/2018 *: Producing 16.8 442.4 543.5 Non-Producing / Behind Pipe 4.0 58.2 82.2 Total Developed 20.8 500.6 625.7 Undeveloped 17.4 1,580.5…
2018 Drilling Program ( in millions) Capital Expenditures 2018 237 Gross Wells WI Net Wells Haynesville/Bossier Shale: 179 Drilling and Completion 126.8 36 15.6 Completion of 2017 Wells 22.0 ReFracs (7) 31.8 Other Non-operated…
Comstocks Acreage Drilled 52 operated wells since 2015Cotton with average IP rate of 25 Mmcf/d Valley Cotton Valley Haynesville Shale Bossier Shale Haynesville/Bossier Shale Net Acres 80,000* Resource 10+ Tcf…
Haynesville/Bossier Wells 30 Wells exceeding expectations 25 Gen 1 Type Curve (7500' Lateral) Gen I HV Wells (Average of 12 wells) 20 Bossier Wells (Average of 4 wells) MMcf per day Gen II HV Wells (Average of 24 wells)…
Haynesville/Bossier Drilling Inventory Extensive inventory of drilling opportunities in the Haynesville and Bossier shales 10,000 ft. 355 976 locations Gross Drilling Locations (582 Haynesville/394 Bossier) (728 Operated/248…
The New Comstock Comstocks Haynesville and Bossier Shale assets provide consistent, high-return and low-risk drilling opportunity Enhanced completion design and regional price advantage have transformed the Haynesville into one of…
Loading...
