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Last updated on April 23, 2014 at 21:24 EDT

Latest Comstock Resources Inc. Stories

2013-05-08 16:23:12

FRISCO, Texas, May 8, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced the appointment of Roland O. Burns as President. Mr. Burns has been with Comstock since 1991. M. Jay Allison will continue to serve as Chairman of the Board of Directors and the Company's Chief Executive Officer. Mr. Burns will retain his responsibilities as Chief Financial Officer. Comstock also announced Daniel K. Presley who currently serves as Vice President of...

2013-04-29 16:24:55

FRISCO, Texas, April 29, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the three months ended March 31, 2013. Financial Results for the Three Months Ended March 31, 2013 Comstock reported a net loss from continuing operations of $24.5 million or 52¢ per share for the first quarter of 2013 as compared to net income from continuing operations of $1.4 million or 3¢ per diluted share for the...

2013-03-15 08:22:49

FRISCO, Texas, March 15, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced that it has entered into a definitive agreement with Rosetta Resources Inc. ("Rosetta") (Nasdaq: ROSE) pursuant to which Rosetta will acquire all of Comstock's oil and gas properties in Reeves and Gaines counties in West Texas for a sales price of $768 million, subject to customary purchase price adjustments and closing conditions. The sale will have an effective date of...

2013-02-11 16:23:41

FRISCO, Texas, Feb. 11, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the three months and year ended December 31, 2012. Comstock also announced that it is restating results for the first three quarters of 2012 to reflect a change in the method used to account for the Company's crude oil derivative financial instruments. Financial Results for the Three Months and Year Ended December 31, 2012 Low...

2013-01-22 08:24:59

FRISCO, Texas, Jan. 22, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE:CRK) announced today that its proved oil and natural gas reserves as of December 31, 2012 were estimated at 39 million barrels of crude oil and 477 billion cubic feet ("Bcf") of natural gas or 712 billion cubic feet of natural gas equivalent ("Bcfe") as compared to total proved reserves as of December 31, 2011 of 1,311 Bcfe. The Company's proved oil reserves increased 22% in 2012 and now...

2013-01-07 08:23:20

FRISCO, Texas, Jan. 7, 2013 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE:CRK) announced that it plans to spend approximately $420 million in 2013 for development and exploration activities. The 2013 drilling program will focus on the continued development and delineation of the Company's Eagle Ford shale properties in South Texas and its Wolfbone properties in West Texas. Minimal drilling is anticipated in the Company's East Texas/North Louisiana region which...

2012-10-29 15:22:15

FRISCO, Texas, Oct. 29, 2012 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the three months and nine months ended September 30, 2012. Financial Results for the Three Months and Nine Months Ended September 30, 2012 Low natural gas prices continue to adversely impact the Company's financial results for the third quarter of 2012 as Comstock reported a net loss of $26.0 million or 56 cents per share as...

2012-07-30 10:22:37

FRISCO, Texas, July 30, 2012 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the three months and six months ended June 30, 2012. Financial Results for the Three Months and Six Months Ended June 30, 2012 Low natural gas prices continue to adversely impact the Company's financial results in the second quarter of 2012 as Comstock reported a net loss of $10.3 million or 22¢ per share as compared to net...

2012-07-30 10:22:35

FRISCO, Texas, July 30, 2012 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock") (NYSE: CRK) and Kohlberg Kravis Roberts & Co L.P. (together with its affiliates, "KKR") today announced the signing of a definitive participation agreement providing for the participation of KKR in Comstock's future development of its Eagle Ford shale acreage in Atascosa, Frio, Karnes, LaSalle, McMullen and Wilson Counties in South Texas. Under the terms of the participation agreement, KKR will...

2012-05-31 14:20:29

FRISCO, Texas, May 31, 2012 /PRNewswire/ -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that it has priced an underwritten public offering of $300 million in aggregate of senior notes due 2020 which will bear interest at a rate of 9 1/2% per annum. The notes are being sold at 95.304% of par, which equates to an effective yield to maturity of 10 3/8%. Comstock intends to use the net proceeds of the offering to repay outstanding borrowings under its bank...