Company: CRK
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0000950170-25-061651
Chunk: 11

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 2
Chunk 11
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30

     $
     0.25

     Gas Services:

     Gas services revenue
      
     $
     99,866

     $
     47,813

     Gas services expense
      
     $
     116,769

     $
     48,680

Revenues –

Natural gas and oil sales of $413.0 million for the three months ended March 31, 2025 increased by $125.0 million (43%) as compared to $288.0 million for the first quarter of 2024. The increase was due to higher natural gas prices realized in the first quarter of 2025 as compared to the same period in 2024. The average realized price for our natural gas was $3.58 per thousand cubic feet ("Mcf"), which increased 74% from the average realized natural gas price in the first quarter of 2024. Our natural gas production for the first quarter of 2025 decreased 18% to 115.0 billion cubic feet ("Bcf") (1.3 Bcf per day). Natural gas production for the first quarter of 2024 was 139.4 Bcf (1.5 Bcf per day) and was sold at an average price of $2.06 per Mcf.