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 Low-Cost Structure Industrys…
A Leading Haynesville Operator Comstock Resources overview Haynesville / Bossier shale Substantial scale in the Haynesville 470,000 Haynesville/Bossier net acres Bossier Substantial upside in Western Harrison Webster…
Drilling Inventory Average lateral length of location inventory is 8,928 feet Over 25 years of drilling based on 2023 activity As of March 31, 2023 Haynesville Operated Non-Operated Total Lateral Length Gross Net Gross Net Gross…
Drilling Statistics Average Lateral Length (feet) 6
2023 YTD Drilling Results Bossier Harrison Completed 15 operated wells (average lateral length of 11,042 ft.) with average IP rate of 23 Mmcf/d Caddo LL Turned To IP Well Name (feet) Sales (Mmcf/d) 1 Beaubouef 16H 3 4,514…
Oil & Natural Gas Reserves Replaced 216% of production from drilling activities Grew proved reserves by 9% in 2022 at an all-in finding costs of 95 per Mcfe Oil Gas Total MBbls Bcf Bcfe Proved Reserves as of 12/31/21 (SEC) 627…
2022 Financial Results in millions except per share and unit amounts Production (MMcfe/d) Cash Flow Adjusted Net Income 1,360 1,373 EBITDAX 1,722 1,023 1,257 1,924 846 908 1,120 723 521 303 614 468 122 50 2019 2020…
Cost Structure Drives Top Tier EBITDAX Margin Best-in-class cost structure of gas producers 47% Lower than peer average / Mcfe Strong margin as compared to both Permian and gas-weighted names Unhedged EBITDAX(1) Margin…
Operating Cost Structure with Interest Cost structure of gas producers including interest 36% lower than peer average / Mcfe Source: Public filings. Based on Q123 reported actuals. Gas peers include: AR, CHK, CNX, CTRA,…
Balance Sheet Capitalization New Bank Credit Facility ( in millions) 3/31/2023 Cash and Cash Equivalents 34 1.5 Billion Senior Secured Revolving Credit Facility: Revolving Credit Facility - 2 billion borrowing base Secured Debt -…
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 employees,…
Lowering GHG Emissions GHG and methane emissions down despite increased activity in 2022 Deployed optical imaging and aircraft leak monitoring technology at almost 100% of our production sites Natural gas powered frac fleet…
Hedging Program Initiating 2024 Hedge Program (Mmcf/d) /Mmbtu 2023 Total Swaps Q3 250 Collars 250 3.00 x 10.28 2023 Total Swaps Q4 250 Collars 250 3.00 x 10.28 2024 Total Swaps 130 3.50 FY 130 Collars 18
Non-GAAP Financial Measures Adjusted Net Income Operating Cash Flow Year Ended December 31, Year Ended December 31, in thousands except per share amounts 2022 2021 in thousands 2022 2021 Net income (loss) 1,140,882 (241,725) Net…
Non-GAAP Financial Measures Adjusted Net Income Operating Cash Flow Quarter Ended March 31, Quarter Ended March 31, in thousands except per share amounts 2023 2022 in thousands 2023 2022 Net income (loss) 134,503 (115,739) Net income…
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