Comstock Resources 2021 proved reserves up 9% to 6.1 Tcfe, PV-10 $6.8B

COMSTOCK RESOURCES INC

Proved reserves at Dec 31, 2021: 6.1 Tcfe (37% developed, 98% operated), up from 5.6 Tcfe at year-end 2020.
PV-10 value of proved reserves ~$6.8B using average 2021 prices of $3.33/Mcf gas and $62.38/bbl oil.
Total 2021 production 496.5 Bcfe; reserve replacement 199% (drilling 161%). Q4 2021 avg production 1.3 Bcfe/day, +12% YoY.
Spent $628.2M on drilling; 100 (54.1 net) wells drilled; all-in finding costs ~$0.60/Mcfe, drill bit $0.71/Mcfe.

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