CRK

Comstock Resources, Inc. is an independent energy company engaged in the acquisition, exploration, development, and production of natural gas and oil primarily from the Haynesville Shale in North Louisiana and East Texas. The company operates as one of the largest producers in the Haynesville Shale, a prolific natural gas basin supplying growing LNG export and domestic natural gas demand. Comstock focuses on developing its extensive Haynesville acreage through horizontal drilling and hydraulic fracturing. Founded in 1919 and headquartered in Frisco, Texas, Comstock was transformed through the acquisition of substantial Haynesville assets from Covey Park Energy in 2018. The company is partially owned and controlled by Jerry Jones, owner of the Dallas Cowboys. Comstock benefits from large-scale Haynesville position, natural gas price exposure during favorable market periods, and proximity to LNG export facilities and pipeline infrastructure. The company faces natural gas price volatility, high capital intensity, operational challenges, weather impacts, and balance sheet leverage. Comstock generates strong cash flows during elevated natural gas price environments. The company continues to develop its Haynesville assets while managing capital allocation and financial flexibility.