Company: CRK
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024783
Chunk: 23

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 16
Chunk 23
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 oil properties

          34,644

          56,755

          25,200

          Variable lease cost (drilling and completion costs included in proved natural gas and oil properties)

          2,555

          28,406

          25,095

          Short-term lease cost (drilling costs included in proved natural gas and oil properties)

          26,276

          89,163

          62,077

          $
          67,369

          $
          178,152

          $
          115,504

         Cash payments for operating leases associated with right-of-use assets included in cash provided by operating activities were $3.9 million, $3.8 million and $3.1 million for the years ended December 31, 2024, 2023 and 2022, respectively. Cash payments for operating leases associated with right-of-use assets included in cash used for investing activities were $63.5 million, $174.3 million and $112.4 million for the years ended December 31, 2024, 2023 and 2022, respectively. As of December 31, 2024 and 2023, the operating leases had a weighted average remaining term of 2.0 years and 2.9 years, respectively, and the weighted-average discount rate used to determine the present value of future operating lease payments was 7.3% and 7.2%, respectively. As of December 31, 2024, expected future payments related to contracts that contain operating leases were as follows: 

          (In thousands)

          2025
           
          $
          40,144

          2026

          34,102

          2027

          3,894

          2028

          1,560

          2029

          —

          Total lease payments

          79,700

          Imputed interest

          (6,033
          )

          Total lease liability
           
          $
          73,667

         Accrued ExpensesAccrued expenses at December 31, 2024 and 2023 consist of the following: 

        As of December 31,

        2024

        2023

        (In thousands)

        Accrued interest payable
         
        $
        64,041

        $
        54,912

        Accrued drilling costs