secwatch.observer — SEC 8-K summary
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Issuer:     COMSTOCK RESOURCES INC (CRK)
CIK:        0000023194
Form:       8-K
Filed at:   2022-01-24T23:59:59+00:00
Accession:  0000023194-22-000003
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23194/000002319422000003/0000023194-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23194/000002319422000003/crk-20220124.htm
  HTML page:      https://secwatch.observer/filing/0000023194-22-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer