secwatch.observer — SEC 8-K summary
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Issuer:     COMSTOCK RESOURCES INC (CRK)
CIK:        0000023194
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0000023194-23-000003
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Comstock Resources reports 9% increase in proved reserves to 6.7 Tcfe as of Dec 31, 2022
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- Proved reserves 6.7 Tcfe, up 9% from 6.1 Tcfe in 2021; PV-10 value $15.5B.
- 2022 production 501.1 Bcfe; Q4 production averaged 1,445 MMcf/d, up 7% YoY.
- Drilling added 1.1 Tcfe, replacing 216% of 2022 production; finding cost ~$0.95/Mcfe.
- Capital spending $1,032M on drilling, $18M on pipeline/plant, $54.1M on acreage.
- Reserves are 98% operated, 38% developed, substantially all natural gas.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/23194/000002319423000003/0000023194-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/23194/000002319423000003/crk-20230201.htm
  HTML page:      https://secwatch.observer/filing/0000023194-23-000003

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