Why Invest in Comstock Pure-Play One of the largest producers in the Haynesville, a premier natural gas basin with Haynesville Leader direct access to the high value Gulf Coast markets and LNG corridor Generating Expect to generate 2…
A Leading Haynesville Operator Comstock Resources overview Haynesville / Bossier shale Haynesville Shale Significant Scale in the Haynesville Harrison Bossier 372,000 Haynesville / Bossier net acres Caddo Bienville Robust…
Drilling Inventory Average lateral length of location inventory is 8,520 feet Increased by 25% from average lateral length of 6,840 feet at end of 2020 Over 25 years of drilling based on 2022 activity Haynesville Operated…
Drilling Statistics Average Lateral Length (feet) 6
2022 Drilling Results Completed 36 operated wells (average lateral length of 9,749 ft.) with average IP rate of 26 Mmcf/d Harrison Bossier 32 LL IP 33 Well Name (feet) Turned To Sales (Mmcf/d) 1 2 CGU 8H CGU 9H 9,477 8,504…
Favorable Natural Gas Supply Demand Dynamics As of 7-29-22 Long-term price support expected from continued sector capital discipline, increased power generation demand, long- Favorable term industrial demand and continued Supply &…
Q2 2022 Financial Results in millions except per share and unit amounts Bakken PF Production 10 10
Natural Gas Price Realizations Per Mcf 2Q 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 NYMEX Settlement Month Average 2.83 4.01 5.83 4.95 7.17 High margins supported by NYMEX Differential (0.24) (0.22) (0.61) (0.40) (0.24) gas marketing…
Cost Structure Drives Best-in-Class EBITDAX Margin Best-in-class cost structure of gas producers / Mcfe Best-in-class margin as compared to both Permian and gas-weighted names EBITDAX(1) Margin (%) Oil Peers Gas Peers…
Operating Cost Structure Offsets Legacy Interest Cost Cost structure of gas producers including interest Interest costs per Mcfe has decreased by 31% as compared to 2021 Q1 / Mcfe Source: Public filings. Based on Q122…
Improving Credit Profile Successfully raised 1 billion of equity and debt throughout a volatile 2020 207 million common equity in May to redeem the Series A preferred, eliminated 21 million Prudently of annual distributions Managing…
Balance Sheet Capitalization Bank Credit Facility ( in millions) 6/30/2022 Cash and Cash Equivalents 32 Senior Secured Revolving Credit Facility: Revolving Credit Facility 350 1.4 billion borrowing base Secured Debt 350 reaffirmed…
Strong Focus on ESG Comstock strives to maintain sustainable and safe business practices and is committed to conducting business in a responsible manner that protects the environment along with the health, safety and security of…
Certified Natural Gas Partnership Achieved independent certification of our natural gas production under the MiQ methane standard for responsibly sourced gas Responsible Energy Solutions serves as the third-party auditor for…
Natural Gas Powered Completions Deployed BJs next generation fracturing fleet, which is fueled by 100% natural gas, in our Haynesville shale development program in April 2022 On the first two pads that we deployed TITAN, we…
Non-GAAP Financial Measures Adjusted Net Income Operating Cash Flow Quarter Ended June 30, Six Months Ended June 30, Quarter Ended June 30, Six Months Ended June 30, in thousands except per share amounts 2022 2021 2022 2021 in…
Non-GAAP Financial Measures Adjusted Net Income Operating Cash Flow Year Ended December 31, Year Ended December 31, in thousands except per share amounts 2021 2020 in thousands 2021 2020 Net income (loss) (259,225) (83,413) Net…
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