Company: CRK
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024783
Chunk: 129

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 129
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2023, the operating leases had a weighted average remaining term of 2.0 years and 2.9 years, respectively, and the weighted-average discount rate used to determine the present value of future operating lease payments was 7.3% and 7.2%, respectively. As of December 31, 2024, expected future payments related to contracts that contain operating leases were as follows: 

          (In thousands)

          2025
           
          $
          40,144

          2026

          34,102

          2027

          3,894

          2028

          1,560

          2029

          —

          Total lease payments

          79,700

          Imputed interest

          (6,033
          )

          Total lease liability
           
          $
          73,667

         Accrued ExpensesAccrued expenses at December 31, 2024 and 2023 consist of the following: 

        As of December 31,

        2024

        2023

        (In thousands)

        Accrued interest payable
         
        $
        64,041

        $
        54,912

        Accrued drilling costs

        34,493

        35,876

        Accrued transportation costs

        28,031

        32,294

        Accrued employee compensation

        14,076

        6,700

        Accrued lease operating expenses

        2,630

        2,299

        Other

        1,552

        491

        Accrued income and other taxes

        1,350

        1,894

        $
        146,173

        $
        134,466

F-11

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

Reserve for Future Abandonment CostsThe Company's asset retirement obligations relate to future plugging and abandonment costs of its natural gas and oil properties and related facilities disposal. The Company records a liability in the period in which an asset retirement obligation is incurred, in an amount equal to the estimated fair value of the obligation that is capitalized. Thereafter, this liability is accreted up to the final retirement cost. Accretion of the discount is included as part of