Welcome to our dedicated page for Comstock Rscs news (Ticker: CRK), a resource for investors and traders seeking the latest updates and insights on Comstock Rscs stock.
Comstock Resources Inc (CRK) delivers timely updates on oil and gas exploration, production milestones, and strategic developments. This page aggregates official press releases and verified news about the company’s operations in the Haynesville shale region and other key areas.
Investors and industry observers will find comprehensive coverage of quarterly results, operational updates, and management insights. The curated collection serves as a reliable resource for tracking CRK’s progress in natural gas markets and tight gas sands exploration.
Key focus areas include drilling advancements, reserve estimates, and regulatory developments. Content is organized for quick scanning while maintaining technical accuracy about shale plays and energy sector dynamics.
Bookmark this page to monitor CRK’s evolving position in North American energy markets. Check regularly for new announcements regarding production volumes, infrastructure investments, and commodity price strategies.
Comstock Resources (NYSE: CRK) reported its Q2 2024 financial results, highlighting the impact of weak natural gas prices. Key points include:
- Natural gas and oil sales: $278 million (including $60.6 million in hedging gains)
- Operating cash flow: $118 million ($0.41 per diluted share)
- Adjusted EBITDAX: $167 million
- Adjusted net loss: $58.2 million ($0.20 per share)
- Enhanced liquidity with $400 million, 6.75% senior notes issuance
- 15 operated Haynesville/Bossier shale wells turned to sales, averaging 21 MMcf per day initial production
- Realized gas price: $1.65 per Mcf without hedging, $2.12 per Mcf after hedging
- Production cost: $0.84 per Mcfe
- Unhedged operating margin: 50% (61% after hedging)
Comstock Resources (NYSE: CRK) announced it will release its second quarter 2024 results on July 30, 2024, after market close. A conference call to discuss these results is scheduled for July 31, 2024, at 10:00 a.m. CT. Participants can register to join the call telephonically to receive a dial-in number and PIN. The call will be broadcast live in listen-only mode via the provided webcast link. A replay will be available from 1:00 p.m. CT on July 31, 2024, for a period of twelve months.
Comstock Resources, Inc. reported financial and operating results for the first quarter of 2024. Natural gas prices affected results, with $336 million in sales and $182 million in operating cash flow. Adjusted EBITDAX was $230 million. The company added liquidity with an equity offering and saw success in the Haynesville shale drilling program. Production costs per Mcfe were $0.76. Drilling results included 16 operated wells turned to sales with an average initial production of 25 MMcf per day. Comstock also announced the reaffirmation of its borrowing base.
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