Company: CRK
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024783
Chunk: 154

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 154
---
 gas equivalent (MMcfe)

    527,847

    524,890

    Revenues:

    Natural gas sales
     
    $
    1,043,886

    $
    1,259,450

    Oil sales

    3,597

    5,161

    Total natural gas and oil sales
     
    $
    1,047,483

    $
    1,264,611

    Expenses:

    Production and ad valorem taxes
     
    $
    57,437

    $
    91,803

    Gathering and transportation
     
    $
    194,890

    $
    184,906

    Lease operating
     
    $
    130,504

    $
    132,203

    Exploration
     
    $
    —

    $
    1,775

    Average Sales Price:

    Natural gas (per Mcf)
     
    $
    1.98

    $
    2.40

    Oil (per Bbl)
     
    $
    71.94

    $
    73.73

    Average equivalent (Mcfe)
     
    $
    1.98

    $
    2.41

    Expenses ($ per Mcfe):

    Production and ad valorem taxes
     
    $
    0.11

    $
    0.18

    Gathering and transportation
     
    $
    0.37

    $
    0.35

    Lease operating
     
    $
    0.25

    $
    0.25

    Gas Services:

    Gas services revenue
     
    $
    206,097

    $
    300,498

    Gas services expense
     
    $
    205,407

    $
    282,050

Natural gas and oil sales.  Natural gas and oil sales of $1.0 billion in 2024 decreased by $0.2 billion, or 17%, as compared to $1.3 billion in 2023. The decrease was primarily due to lower prices received for our natural gas production. Our 2024 natural gas production increased 1% to 527.5 Bcf (1.4 Bcf per day), which was sold at an average price of $1.98 per Mcf as compared to 524.5 Bcf (1.