Company: CRK
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024783
Chunk: 49

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 49
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 gas and oil prices. During 2024, 21 proved undeveloped locations included in our 2023 reserves were converted to proved developed reserves.

As of December 31, 2023, our proved undeveloped reserves were comprised of 2.2 Tcf of natural gas, all of which were associated with our Haynesville and Bossier shales (including Western Haynesville and Bossier) properties. Our natural gas proved undeveloped reserves decreased by 2.0 Tcf during 2023. During 2023, 67 proved undeveloped locations were converted to proved developed reserves. 

The following table presents the changes in our estimated proved undeveloped natural gas and oil reserves for the years ended December 31, 2024, 2023 and 2022:

    Proved Undeveloped Reserves

    2024

    2023

    2022

    Oil(MBbls)

    Natural Gas(MMcf)

    Oil(MBbls)

    Natural Gas(MMcf)

    Oil(MBbls)

    Natural Gas(MMcf)

    Beginning Balance

    —

    2,206,051

    69

    4,166,108

    —

    3,872,423

    Revisions

    —

    (996,816
    )

    —

    (1,634,178
    )

    (68
    )

    (1,545
    )

    Extension and Discoveries

    —

    94,538

    —

    407,629

    137

    920,825

    Conversion from Undeveloped to Developed

    —

    (273,487
    )

    (69
    )

    (733,508
    )

    —

    (625,595
    )

    Total Change

    —

    (1,175,765
    )

    (69
    )

    (1,960,057
    )

    69

    293,685

    Ending Balance

    —

    1,030,286

    —

    2,206,051

    69

    4,166,108

The timing, by year, when our proved undeveloped reserve quantities are estimated to be converted to proved developed reserves is as follows:

    Proved Undeveloped Reserves

    2024

    2023