Company: CRK
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000950170-25-061651
Chunk: 9

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 8
Chunk 9
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 shown separately as noncontrolling interests in the accompanying consolidated statements of operations and statements of stockholders' equity.Other Current AssetsOther current assets at March 31, 2025 and December 31, 2024 consisted of the following: 

         As of

         March 31,2025

         December 31,2024

         (In thousands)

         Prepaid drilling costs
          
         $
         58,405

         $
         58,136

         Income tax receivable

         28,813

         28,813

         Other receivables

         3,728

         4,140

         Production tax refunds receivable

         3,460

         4,074

         Prepaid expenses

         2,655

         2,361

         Other

         534

         —

         $
         97,595

         $
         97,524

       Property and EquipmentThe Company follows the successful efforts method of accounting for its natural gas and oil properties. Costs incurred to acquire natural gas and oil leases and to drill and complete developmental wells are capitalized.Exploratory well costs are initially capitalized as proved property in the consolidated balance sheets but charged to exploration expense if and when the well is determined not to have found commercial proved natural gas and oil reserves.