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Comstock Resources, Inc.
("Comstock" or the "Company")
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 is predominately natural
gas. Comstock expects to utilize six operated drilling rigs for its drilling
activity. Three rigs will be focused in the Eagle Ford shale in South Texas
and three rigs will be drilling in West Texas.
The 2013 Plan includes drilling 85 (58.1 net) wells. Forty-two (27.3 net) of
the wells will be horizontal Eagle Ford shale wells, 25 (19.9 net) of the
wells will be vertical Wolfbone wells and 8 (7.3 net) of the wells will be
horizontal Wolfcamp wells. The 2013 budget also includes plans to drill 10
(3.6 net) Haynesville/Bossier shale wells which will be drilled as required to
hold acreage.
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