Company: CRK
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000950170-25-024783
Chunk: 145

Company: COMSTOCK RESOURCES INC
Filing Date: 2025-02-21
Form: 10-K
Item: Item 1B
Chunk 145
---
697,570

        Proved Developed Reserves:

        Beginning of period

        548

        2,734,175

        480

        2,531,462

        627

        2,245,660

        End of period

        331

        2,731,812

        548

        2,734,175

        480

        2,531,462

        Proved Undeveloped Reserves:

        Beginning of period

        —

        2,206,051

        69

        4,166,108

        —

        3,872,423

        End of period

        —

        1,030,286

        —

        2,206,051

        69

        4,166,108

       Revisions of previous estimates. Revisions of previous estimates in 2024 and 2023 were primarily attributable to the significantly lower natural gas and oil prices that were used to determine proved reserves at the end of each year, which resulted in many of the Company's proved undeveloped locations being excluded from reserves since they did not generate an adequate return at those lower prices. Revisions of previous natural gas estimates in 2022 were insignificant. Extensions and discoveries. Extensions and discoveries for 2024, 2023 and 2022 were primarily comprised of proved reserve additions attributable to the wells drilled in the current year that were not classified as proved undeveloped in prior years and additional proved undeveloped locations that are planned to be drilled in the Company's current development plan that were not included in the prior year's reserve estimates.Sales of minerals in place. During 2024, the Company sold its interest in certain non-operated wells for $1.2 million.The following table sets forth the standardized measure of discounted future net cash flows relating to proved reserves: 

        As of December 31,

        2024

        2023

        2022

        (In thousands)

        Cash Flows Relating to Proved Reserves:

        Future Cash Flows
         
        $
        6,959,475

        $
        11,829,623

        $
        40,405,829

        Future Costs:

        Production

        (2,760,616
        )

        (4,019,901
        )

        (5,473,650
        )

        Development