Company: CRK
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024783
Chunk: 39

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 16
Chunk 39
---
 were insignificant. Extensions and discoveries. Extensions and discoveries for 2024, 2023 and 2022 were primarily comprised of proved reserve additions attributable to the wells drilled in the current year that were not classified as proved undeveloped in prior years and additional proved undeveloped locations that are planned to be drilled in the Company's current development plan that were not included in the prior year's reserve estimates.Sales of minerals in place. During 2024, the Company sold its interest in certain non-operated wells for $1.2 million.The following table sets forth the standardized measure of discounted future net cash flows relating to proved reserves: 

        As of December 31,

        2024

        2023

        2022

        (In thousands)

        Cash Flows Relating to Proved Reserves:

        Future Cash Flows
         
        $
        6,959,475

        $
        11,829,623

        $
        40,405,829

        Future Costs:

        Production

        (2,760,616
        )

        (4,019,901
        )

        (5,473,650
        )

        Development and Abandonment

        (1,014,446
        )

        (2,285,853
        )

        (4,175,721
        )

        Future Income Taxes

        (22,990
        )

        (341,677
        )

        (5,741,914
        )

        Future Net Cash Flows

        3,161,423

        5,182,192

        25,014,544

        10% Discount Factor

        (1,563,229
        )

        (2,807,562
        )

        (12,404,908
        )

        Standardized Measure of Discounted Future Net Cash Flows
         
        $
        1,598,194

        $
        2,374,630

        $
        12,609,636

F-24

COMSTOCK RESOURCES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

The following table sets forth the changes in the standardized measure of discounted future net cash flows relating to proved reserves: 

        Year Ended December 31,

        2024

        2023

        2022

        (In thousands)

        Standardized