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COMSTOCK RESOURCES, INC. ANNOUNCES NEW BANK CREDIT FACILITY

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FRISCO, TX, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that the Company has entered into a new senior secured revolving credit facility, which extends the maturity of Comstock's existing bank credit facility to November 15, 2027. The new credit facility has an initial borrowing base of $2.0 billion with an elected commitment of $1.5 billion. The five-year reserve based revolving credit facility was arranged by Wells Fargo Securities, LLC with a syndicate of 17 participating banks.

About Comstock Resources

Comstock Resources, Inc. is a leading independent natural gas producer with operations focused on the development of the Haynesville shale in North Louisiana and East Texas. The Company's stock is traded on the New York Stock Exchange under the symbol CRK.

This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes the expectations in such statements to be reasonable, there can be no assurance that such expectations will prove to be correct. Information concerning the assumptions, uncertainties and risks that may affect the actual results can be found in the Company's filings with the Securities and Exchange Commission ("SEC") available on the Company's website or the SEC's website at sec.gov.


Comstock Resources, Inc.

NYSE:CRK

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2.92B
87.12M
69.05%
35.54%
8.67%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
FRISCO

About CRK

comstock resources, inc., headquartered in frisco, texas is a growing independent energy company engaged in the acquisition, development, production and exploration of oil and natural gas. our operations are primarily focused in texas, louisiana and the mid-continent area. we are focused on growth, and we are active in tight gas sands, shale gas plays and conventional exploration.