Comstock Resources Inc (N:CRK)
Business Focus: Oil & Gas Exploration and Production
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | STE 500, 5300 TOWN AND COUNTRY BLVD FRISCO TX 75034 |
| Tel: | 1-972-6688834 |
| Website: | https://www.comstockresources.com |
| IR: | See website |
| Key People | ||
| M. Jay Allison Chairman of the Board, Chief Executive Officer | Roland O. Burns President, Chief Financial Officer, Secretary, Director | Daniel S. Harrison Chief Operating Officer |
| Ronald Eugene Mills Vice President - Finance and Investor Relations | Patrick H. McGough Vice President - Operations | Daniel K. Presley Vice President - Accounting, Controller, Treasurer |
| Brian C. Claunch Vice President - Financial Reporting | Larae Lynn Sanders Vice President - Land | |
| Business Overview |
| Comstock Resources, Inc. is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates through the exploration and production of North American oil and natural gas segment. The Company primarily operates in the Haynesville shale, a natural gas basin located in North Louisiana and East Texas, with economic and geographical proximity to the Gulf Coast markets. The Company is focused on the development of drilling opportunities in the Haynesville and Bossier shales and exploration activities in Western Haynesville play. The Company has approximately 2,959 drilling locations on its Haynesville/Bossier shale acreage, where the Company estimates to have 4.9 trillion cubic feet equivalent (TCFE) of reserve potential. The Company owns interests in approximately 2,478 producing oil and natural gas wells (1,516.7 net) and operates 1,703 of these wells. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Comstock Resources Inc revenues decreased 57% to $1.57B. Net income applicable to common stockholders decreased 81% to $211.6M. Revenues reflect Natural gas sales decrease of 60% to $1.26B, Gas services decrease of 40% to $300.5M. Net income also reflects Avg. Production Costs per Barrel, Total increase of 3% to $4.68 per barrel, Exploration and Development Costs, Total increase of 8% to $974.7M. |
| Employees: | 251 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $5,312M as of Dec 31, 2023 |
| Annual revenue (TTM): | $1,565M as of Dec 31, 2023 |
| EBITDA (TTM): | $834.38M as of Dec 31, 2023 |
| Net annual income (TTM): | $211.57M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$547.23M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $2,624M as of Dec 31, 2023 |
| Shares outstanding: | 278,429,463 as of Feb 15, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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