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Last updated on April 16, 2014 at 6:45 EDT

Latest Comstock Resources Inc. Stories

2013-11-26 08:22:24

NEW YORK, November 26, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Today, Analysts' Corner announced new research reports highlighting EOG Resources, Inc. (NYSE: EOG), Marathon Oil Corporation (NYSE: MRO), Anadarko Petroleum Corporation (NYSE: APC), Suncor Energy, Inc. (NYSE: SU), and Comstock Resources Inc. (Comstock). Today's readers may access these reports free of charge - including full price targets, industry...

2013-11-25 08:22:07

FRISCO, Texas, Nov. 25, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that it has entered into a new five year $1.0 billion revolving credit facility with a syndicate of 21 banks, replacing its $750 million bank credit facility. The new bank facility was arranged by BMO Capital Markets and has an initial borrowing base of $625 million. The credit facility is secured by substantially all of the Company's producing oil and gas...

2013-11-21 08:22:15

FRISCO, Texas, Nov. 21, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that it has entered into an agreement with Ursa Resources Group II LLC to acquire 70% of its interests in certain oil and gas properties in Burleson and Washington Counties, Texas for $66.5 million. The properties being acquired include one well producing 433 barrels of oil equivalent per day ("BOED") (227 BOED, net to the interests being acquired) and...

2013-11-14 08:27:03

FRISCO, Texas, Nov. 14, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that it has entered into agreements with certain parties to acquire leases on 55,000 acres (53,000 net) in Louisiana and Mississippi for $54.5 million aggregate consideration. The purchase agreements are subject to customary closing conditions and adjustments. The Company believes the acreage being acquired is prospective for oil in the Tuscaloosa Marine...

2013-11-04 16:24:28

FRISCO, Texas, Nov. 4, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the quarter and nine months ended September 30, 2013. Financial Results for the Three Months and Nine Months Ended September 30, 2013Comstock reported a net loss of $24.0 million or 52¢ per share for the three months ended September 30, 2013 as compared to a loss from continuing operations of $44.2 million or 95¢ per...

2013-09-12 16:22:19

FRISCO, Texas, Sept. 12, 2013 /PRNewswire/ -- Comstock Resources, Inc. (NYSE: CRK) (the "Company" or "Comstock") announced today that it will redeem all of its outstanding 83/8% Senior Notes due 2017 (CUSIP No. 205768AG9). The aggregate principal amount outstanding of the notes is $298 million. The redemption price for the notes is 104.188% of the principal amount or approximately $310 million plus accrued and unpaid interest. The redemption of the notes is scheduled to occur on...

2013-08-22 16:21:58

FRISCO, Texas, Aug. 22, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that its Board of Directors declared a dividend of $0.125 per share on the Company's common stock. The dividend will be paid on September 16, 2013 to all stockholders of record as of the close of business on September 6, 2013. This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform...

2013-07-29 16:21:54

FRISCO, Texas, July 29, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the quarter and six months ended June 30, 2013. As previously reported, Comstock completed the divestiture of its West Texas operations on May 14, 2013, receiving proceeds of $823.7 million. A gain on the sale of $230.6 million ($149.9 million after tax or $3.21 per share) was recognized in the quarter. This gain and the...

2013-05-15 12:23:20

FRISCO, Texas, May 15, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that its Board of Directors declared its first dividend payable to its stockholders and has approved an open market share repurchase plan following the divestiture of the Company's West Texas oil and gas properties. As announced yesterday, Comstock completed the divestiture of it West Texas oil and gas properties which generated $808 million in net proceeds, after...

2013-05-14 16:22:51

FRISCO, Texas, May 14, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced that it has completed the divestiture of its West Texas operations with the closing of the sale of its oil and gas properties in Reeves and Gaines counties in West Texas to Rosetta Resources Inc. (NASDAQ: ROSE).  The assets sold had proved reserves of 26.8 million barrels of oil equivalent as of December 31, 2012. Net proceeds received from the sale were...