Company: CRK
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024783
Chunk: 55

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1
Chunk 55
---
 the continental United States. We have excluded acreage in which our interest is limited to a royalty or overriding royalty interest.

    Developed

    Undeveloped

    Gross

    Net

    Gross

    Net

    Louisiana

    198,432

    153,980

    25,284

    19,290

    Oklahoma

    26,080

    3,382

    —

    —

    Texas

    220,286

    169,569

    737,197

    528,385

    Wyoming

    13,440

    927

    —

    —

    Total

    458,238

    327,858

    762,481

    547,675

13

COMSTOCK RESOURCES, INC.

As of December 31, 2024, our undeveloped acreage expires as follows:

    Gross

    Net

    2025

    35,313

    5
    %

    27,636

    5
    %

    2026

    83,625

    11
    %

    63,181

    12
    %

    2027

    49,734

    7
    %

    35,582

    6
    %

    2028

    28,754

    4
    %

    18,827

    3
    %

    2029

    2,833

    —
    %

    2,075

    —
    %

    Thereafter

    562,222

    73
    %

    400,374

    74
    %

    762,481

    100
    %

    547,675

    100
    %

The title to our natural gas and oil properties is subject to royalty, overriding royalty, carried and other similar interests and contractual arrangements customary in the natural gas and oil industry, liens incident to operating agreements and for current taxes not yet due and other minor encumbrances. All of our natural gas and oil properties are pledged as collateral under our bank credit facility. As is customary in the natural gas and oil industry, we are generally able to retain our ownership interest in undeveloped acreage by production from wells producing from a different reservoir, by drilling activity which establishes commercial reserves sufficient to maintain