2nd Quarter 2025 Highlights Improved natural gas prices in the second quarter drove stronger financial results. Natural gas and oil sales(1) were 344 million Operating cash flow(2) was 210 million or 0.71 per diluted share Adjusted…
2025 Drilling Program ( in millions) 2025 Haynesville Drilling Program Haynesville Bossier Total Gross Net Gross Net Gross Net Second Six Months Operated - Quarter 2025 2025 Drilled 16 14.5 3 3.0 19 17.5 ( in millions)…
Capitalization Bank Credit Facility 1.5 Billion Secured Revolving Credit Facility: 2 billion borrowing base (reaffirmed in April 2025) Maturity date November 15, 2027 Key financial covenants: Leverage Ratio < 4.0x through 1Q…
Haynesville Shale Footprint Western Haynesville Legacy Haynesville (705,160 gross/524,488 net) (400,490 gross/302,253 net) Harrison Bossier Webster Caddo Bienville Panola Red Rusk De Soto River Freestone…
Haynesville Horseshoe Wells The horseshoe design can convert four sectional laterals into two 2- mile lateral wells Drilling costs savings of 35% - 800 per lateral ft. vs 1,240 for a short lateral Drilling Inventory in Legacy…
Drilling Inventory As of June 30, 2025 Haynesville Operated Non-Operated Total Lateral Length Gros s Net Gros s Net Gros s Net WI Net Mft Avg Net ft Up to 5,000 ft 33 28 258 34 291 62 286 4,611 5,000 ft to 8,500 ft 171 130 113 19…
Lateral Lengths Average Lateral Length (feet) Legacy Haynesville Western Haynesville Wells that reached Total Depth Uncompleted wells are estimated 13
2025 Drilling Results Well Name Lateral TTS Date IP Rate Louisiana CRK 19-18 1 10,028 02/01/2025 24 Harrison Bossier Webster CRK 19-18 2 9,841 02/01/2025 26 Griffith 2-35-26 1 14,931 02/14/2025 18 Griffith 2-35-26 2 15,164…
2025 Drilling Results Well Name Lateral TTS Date IP Rate Freestone Olajuwon Pickens 1 10,306 04/09/2025 41 Jennings Loehr 1 12,106 04/30/2025 34 Jennings FSRA 1 12,045 04/30/2025 28 Menn PB 1 10,926 06/06/2025 38 Bell Meyer 1…
Drilling Efficiency Legacy Haynesville Drilling Days to Total Depth Footage per Day 2 wells had drilling issues in 2Q Excluding impact of the issues Drilling Days to Total Depth would have been 26 days and Footage 16 per day…
Drilling Efficiency Western Haynesville Drilling Days to Footage Total Depth per Day 1 well had drilling issues in 2Q Excluding impact of the issues Drilling Days to Total Depth would have been 55 days and Footage per day…
D&C Costs Legacy Haynesville Drilling Completion (Laterals 8,500 ft.) ( per Lateral Foot) Wells that reached Total Depth Wells turned to Sales 2 wells had drilling issues in 2Q Excluding impact of the issues Drilling Costs…
D&C Costs Western Haynesville Drilling Completion ( per Lateral Foot) Wells that reached Total Depth Wells turned to Sales 1 well had drilling issues in 2Q Excluding impact of the issues Drilling Costs would have averaged…
2025 Outlook Primarily focused this year on building our great asset in the Western Haynesville that will position Comstock to benefit from the longer-term growth in natural gas demand We have four operated rigs drilling in the…
Guidance Guidance 3Q 2025 2025 Production (Mmcfe/d) 1,200 - 1,300 1,225 - 1,325 D&C Costs ( in Millions) 250 - 300 1,000 - 1,100 Pinnacle Gas Services ( in Millions) 30 - 50 150 - 200 Acreage ( in Millions) 2 - 5 25 - 30 Expenses…
Natural Gas Hedges (Mmcf/d) /Mmbtu (Mmcf/d) /Mmbtu 2025 Total Swaps 545 3.48 2026 Total Swaps 320 3.51 Q1 695 Collars 150 3.50 x 3.80 Q1 780 Collars 460 3.50 x 4.35 2025 Total Swaps 545 3.48 2026 Total Swaps 320 3.51 Collars…
Loading...
