Company: CRK
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024783
Chunk: 136

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 136
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 Oil PropertiesAcquisitionsDuring 2024, 2023 and 2022, the Company spent $106.4 million, $98.6 million and $54.4 million on its leasing program to acquire 265,290, 79,741 and 104,314 net acres, respectively, of undeveloped acreage in the Western Haynesville area through direct leasing or through acquisitions of undeveloped rights from third-party operators.In 2022, the Company also acquired a pipeline and natural gas treating plant from an unaffiliated third party for $16.8 million.DispositionsThe Company sold its interests in certain non-operated natural gas and oil properties for $1.2 million, $41.3 million and $4.1 million in 2024, 2023 and 2022, respectively. 

(3)Natural Gas and Oil Producing ActivitiesSet forth below is certain information regarding the aggregate capitalized costs of natural gas and oil properties and costs incurred by the Company for its natural gas and oil property acquisition, development and exploration activities:Capitalized Costs 

        As of December 31,

        2024

        2023

        (In thousands)

        Proved properties:

        Leasehold costs
         
        $
        3,244,996

        $
        3,198,028

        Wells and related equipment and facilities

        4,809,254

        3,928,491

        Accumulated depreciation depletion and amortization

        (2,935,493
        )

        (2,144,084
        )

        5,118,757

        4,982,435

        Unproved properties

        424,648

        343,419

        $
        5,543,405

        $
        5,325,854

F-16

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

Costs Incurred 

        Year Ended December 31,

        2024

        2023

        2022

        (In thousands)

        Property acquisitions:

        Proved property
         
        $
        —

        $
        —

        $
        500

        Unproved property

        106,386

        98,553

        54,120

        Exploration and development:

        Developmental leasehold costs

        13,461