Comstock Resources : CRK Investor Presentation 2024.12
CRK
Investor Presentation
December 2024
A Leading Haynesville Operator
Comstock Resources overview
Haynesville / Bossier shale
Harrison
Bossier
Webster
Caddo
Panola
Bienville
Red
De Soto
River
Nacogdoches
Shelby
Sabine
San Augustine
3
Western Haynesville Not Shown for Competitive Reasons
Response to Low Gas Prices
4
Drilling Inventory
As of September 30, 2024
Haynesville
Operated
Non-Operated
Total
Lateral Length
Gross
Net
Gross
Net
Gross
Net
WI Net Mft
Avg Net ft
Up to 5,000 ft
45
36
324
46
369
81
375
4,608
5,000 ft to 8,500 ft
182
136
115
25
297
161
1,128
6,996
8,500 ft to 10,000 ft
252
191
122
12
374
203
1,906
9,381
> 10,000 ft
307
226
112
14
419
240
2,896
12,089
786
588
673
97
1,459
685
6,304
9,201
Bossier
Operated
Non-Operated
Total
Lateral Length
Gross
Net
Gross
Net
Gross
Net
WI Net Mft
Avg Net ft
Up to 5,000 ft
135
109
262
37
397
146
671
4,601
5,000 ft to 8,500 ft
149
124
69
8
218
132
943
7,147
8,500 ft to 10,000 ft
230
184
148
12
378
196
1,861
9,504
> 10,000 ft
307
247
47
4
354
252
3,284
13,043
821
664
526
61
1,347
725
6,758
9,319
5
Total
1,607
1,252
1,199
158
2,806
1,410
13,062
9,261
5
Drilling Statistics
Average Lateral Length (feet)
66
YTD 2024 Drilling Results
•41 operated wells were turn to sales with an average lateral length of 10,016 ft. and an average IP rate of 24 Mmcf/d
Harrison
Bossier
Webster
Caddo
Bienville
Panola
Red
De Soto
Rive
r
Nacogdoches
Shelby
Sabine
San Augustine
7
Well Name
Lateral
TTS Date
IP Rate
Turner 16-21-28 #1
14,137
01/08/2024
35
Turner 16-21-28 #2
13,539
01/08/2024
42
Neyland #1*
10,438
01/08/2024
31
Mercer 16-21 #1
8,931
01/10/2024
26
Mercer 16-21-28 #1
14,308
01/10/2024
38
Mercer 16-21-28 #2
14,239
01/10/2024
38
Cox H #2
7,658
01/18/2024
9
Cox H #3
7,994
01/18/2024
13
Borders 15 #2
4,452
02/02/2024
18
Borders 15 #3
4,228
02/02/2024
16
Glass #1*
9,292
02/17/2024
35
Petro Hunt 33 #2
4,577
03/11/2024
18
Petro Hunt 33 #3
4,325
03/11/2024
17
Farley #1*
9,837
03/13/2024
38
Harrison #1*
8,866
03/13/2024
35
Burch 14-11 #1
9,836
03/29/2024
28
Burch 14-11 #2
9,730
03/29/2024
23
Burch 14-11 #3
9,735
03/29/2024
24
Ingram Martin #1*
7,764
04/18/2024
38
Baker 12-1 #4
8,479
05/20/2024
10
Baker 12-1 #5
9,802
05/20/2024
13
Baker 12-1 #1
10,033
05/23/2024
22
Baker 12-1 #2
10,047
05/23/2024
19
Baker 12-1 #3
9,535
05/23/2024
17
CRK 19-16-9 #2
4,222
06/05/2024
16
Broome 20-17 #1
9,818
06/24/2024
20
Glover 24-13 #1
7,304
06/26/2024
31
Glover 24-13 #2
9,388
06/26/2024
31
Broome 29-32 #1
9,861
06/27/2024
22
Shahan 32-30 #1
9,912
06/27/2024
21
Ramsey 33-4-9 #1
15,302
07/07/2024
27
Ramsey 33-4-9 #2
15,303
07/07/2024
23
Mul-Ken 15-22 #1
9,114
07/10/2024
28
Mul-Ken 15-22 #2
8,912
07/10/2024
23
Cadenhead #2
12,760
07/28/2024
23
Cadenhead #1
12,590
07/28/2024
24
Rosehaven Verhalen #1
11,716
08/31/2024
10
Verhalen #2
10,597
08/31/2024
13
Verhalen #3
12,213
08/31/2024
16
BSMC LA 5-8-17 #4
14,599
09/28/2024
26
BSMC LA 5-8-17 #3
15,272
09/28/2024
23
10,016
24
*Western Haynesville
Legacy Haynesville D&C Costs
Drilling
Completion
(Laterals > 8,500 ft.)
($ per Lateral Foot)
Wells that reached Total Depth
Wells turned to Sales
88
Haynesville Horseshoe Wells
DeSoto Parish,
Louisiana
Location #1
Sustainable
Location #2
99
Location #3
Forests 25 #1
Sustainable
Location #4
Forests 25 #2
Reserves (at a $3.50 NYMEX Price)
Oil
Gas
Total
MBbls
Bcf
Bcfe
Proved Reserves as of 12/31/22 (SEC)
549
6,697.6
6,700.9
Production
(70)
(524.5)
(524.9)
Drilling Additions
116
570.8
571.4
Revisions
(24)
(104.1)
(104.1)
Proved Reserves as of 12/31/23 ($3.50 Gas)
571
6,639.8
6,643.3
8.6
PV 10 Value (billion $) at $3.50 NYMEX Gas Price
$
5.2
10
Gulf Coast LNG
COMSTOCK'S PROPERTIES
GOLDEN PASS
CAMERON LNG (Sempra)
(Qatar and Exxon)
Based on estimates from B of A Research
PORT ARTHUR LNG
(Sempra)
DRIFTWOOD LNG
FREEPORT LNG
(Woodside)
(Freeport)
CALCASIEU PASS 2
CORPUS CHRISTI Stage 3
(Venture Global)
(Cheniere)
CALCASIEU PASS
SABINE PASS LNG
(Venture Global)
(Cheniere)
CORPUS CHRISTI LNG
(Cheniere)
RIO GRANDE LNG
(NextDecade)
PLAQUEMINES (Venture Global)
11
Disclaimer
Comstock Resources Inc. published this content on December 19, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on December 19, 2024 at 11:42:11.658.