Company: CRK
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024783
Chunk: 53

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 53
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 consultants perform an independent analysis, and ultimately our reserve estimates are approved by our Director of Reservoir Engineering, Kristine Bartlett. Ms. Bartlett holds a Bachelor of Science degree in Petroleum Engineering and Geoscience from the University of Texas at Austin and has 12 years of engineering experience in the oil and gas industry.

We did not provide estimates of total proved natural gas and oil reserves during the three-year period ended December 31, 2024 to any federal authority or agency, other than the SEC.

Production, Price and Cost Summary

Annual production, average prices that we realized from sales of natural gas and oil and the associated lifting costs for each of the last three fiscal years were as follows:

    Year Ended December 31,

    2024

    2023

    2022

    Net Production Volumes:

    Natural gas - MMcf

    527,548

    524,467

    500,616

    Oil - MBbls

    50

    70

    82

    Average Prices:

    Natural Gas - $/Mcf
     
    $
    1.98

    $
    2.40

    $
    6.23

    Oil - $/Bbl
     
    $
    71.94

    $
    73.73

    $
    92.65

    Lifting Costs - $/Mcfe:

    Lease operating
     
    $
    0.25

    $
    0.25

    $
    0.22

    Gathering and transportation
     
    $
    0.37

    $
    0.35

    $
    0.31

    Production and ad valorem taxes
     
    $
    0.11

    $
    0.18

    $
    0.16

12

COMSTOCK RESOURCES, INC.

Drilling Activity Summary

During the three-year period ended December 31, 2024, we drilled development and exploratory wells as set forth in the table below:

    2024

    2023

    2022

    Gross

    Net

    Gross

    Net

    Gross

    Net

    Development:

    Oil

    —

    —

    —

    —

    —

    —

    Gas

    39

    31.9

    63

    47.6