Articles tagged Comstock

Weekly natural gas cash prices slipped lower in the week as abundant Lower 48 supply undercut support from strong cooling demand and LNG feed gas flows.

Comstock Resources Inc., one of the most prolific natural gas producers in the Haynesville Shale, has dropped rigs, cut completion crews and suspended the quarterly dividend to wait out more favorable commodity prices.

Nearly everything is in place for Haynesville Shale pure-play Comstock Resources Inc. to become a major LNG supplier. First, though, the company has an “all-hands” effort to manage the assets with uncooperative natural gas prices.

Dallas Cowboys owner Jerry Jones, already majority shareholder in Haynesville Shale pure-play Comstock Resources Inc., has agreed to invest an additional $100.5 million into the company.

Haynesville Shale pure-play Comstock Resources Inc. is pumping the brakes on natural gas drilling and shareholder distributions because of low commodity prices.

Comstock Resources Inc. has forged a midstream partnership to boost outflow from its western Haynesville Shale assets as it looks past the current slump of natural gas prices into a future of surging Gulf Coast LNG demand.

The decline in U.S. natural gas prices, combined with elevated costs to drill a well, are forecast to slow down drilling and completions (D&C) activity in the gassy basins of the Lower 48.

Lower natural gas output volumes are needed to reverse suddenly weak prices in 2023, several analysts said in new outlooks. Yet, they also cautioned exploration and production (E&P) firms against scaling back too aggressively because U.S. export demand is poised to surge in coming years.

Haynesville Shale pure-play Comstock Resources Inc. scored in the third quarter, lifted by strong natural gas prices and by selling 15% of output directly to LNG shippers on the Gulf Coast.

Executives at Haynesville Shale-focused Comstock Resources Inc. said they expect 4-5% natural gas-weighted production growth in 2022.