Comstock’s Best Eagle Ford Wells Came Online in McMullen County in 2013

Comstock spent $137 million on acreage acquisitions in 2013
Comstock Eagle Ford Wells

Comstock Eagle Ford Wells | Click to Enlarge

In 2013, Comstock completed 63 gross (42 net) Eagle Ford Shale wells, including six wells (3.8 net) drilled in 2012. Completed Eagle Ford Shale wells had an average initial production (IP) rate of 780 boe/d.

Read moreMcMullen County, TX and the Eagle Ford Shale

Best Producing Comstock Wells – McMullen County, TX

Comstock’s best wells in the Eagle Ford were drilled in McMullen County, TX. Average boe/d results for the six best wells are listed below:

  • Gloria Wheeler C #3H – 1,340 boe/d
  • Gloria Wheeler C #1H – 1,219 boe/d
  • Gloria Wheeler D #4H – 1,113 boe/d
  • Gloria Wheeler A #4H 1,066 boe/d
  • Gloria Wheeler D #3H 1,054 boe/d
  • Gloria Wheeler C #2H 1,025 boe/d

All six wells produced more than 1,000 boe/d.

Comstock Company-Wide Drilling and Expenditures

During 2013, Comstock spent $343.6 million on its continuing development and exploration activities and $137.0 million on acreage acquisition costs. Comstock drilled a total of 75 horizontal oil wells (51.6 net) and two horizontal natural gas wells (2.0 net) across the company’s assets.

Of the $137 million spent on acquisitions, the company spent $66.5 million on 70% of Ursa Resources’ interest in Eagle Ford assets in Burleson and Washington counties. The deal included one well producing 433 boe/d and 32,000 gross (20,000 net) acres.

Read more: Comstock-Ursa Resources Reach Eagle Ford Deal Worth $66.5 Million

Comstock had ~6,300 b/d of crude oil production in 2013. That’s up 29% from 2012 when production was ~4,900 b/d. Oil and gas sales increased by 7% in 2013 to $422.6 million from $394.6 million in 2012. 

Comstock 2013 Highlights

  • 63 gross (42 net) Eagle Ford Shale wells completed
  • 75 horizontal oil wells (51.6 net) and two horizontal natural gas wells (2.0 net) drilled
  • Average Eagle Ford completed well had an IP rate of 780 boe/d
  • Highest producing well was drilled in McMullen County – Gloria Wheeler C #3H – 1,340 boe/d
  • Spent $343.6 million on its continuing development and exploration
  • Invested $137.0 million on acreage acquisitions
  • Crude oil sales volume grew to ~6,300 b/d

Read more at crkfrisco.com

Comstock Resources Fourth Quarter Delays Push Eagle Ford Growth Into 2014

Completion Delays Push First Production for 18 Wells Into Late December and January
Comstock Resources Target Area Map

Comstock Resources Target Area Map | Click to Enlarge

Comstock Resources planned to complete 18 gross (12 net) wells in the Eagle Ford between November and December of 2013.

Delays in completing the wells forced longer shut-ins for adjacent wells and the new wells didn’t reach first production until late in December and January.

Comstock brought 10 gross (7.3 net) Eagle Ford wells to production in the last week of December and added 9 gross (6.3 net) in early January of 2014. [Read more…]

Comstock Resources Focused on the Eagle Ford in 2014 – Almost $400 Million Planned

Zero Natural Gas Wells Will be Drilled by Comstock in 2014
Comstock Eagle Ford Drilling Plans 2013

Comstock Eagle Ford Drilling Plans 2013 | Click to Enlarge

Comstock Resources will spend $394 million of the company’s $450 million 2014 budget in the Eagle Ford.

The company will spend $264 million drilling 59 gross (40.2 net) wells in the South Texas Eagle Ford, $80 million completing wells in the South Texas area, and $50 million to drill 10 gross (5.6 net) East Texas Eagle Ford wells (Burleson County) for a total of $394 million.

Read more: Comstock – Ursa Resources Reach Eagle Ford Deal Worth $66.5 Millon [Read more…]

Comstock – Ursa Resources Reach Eagle Ford Deal Worth $66.5 Million

Comstock Gains 20,000 Net Acres Targeting the East Texas Eagle Ford
Comstock Resources East Texas Eagle Ford Map

Comstock Resources East Texas Eagle Ford Map | Click to Enlarge

Comstock Resources has announced plans to acquire 70% of Ursa Resources’ interest in Eagle Ford assets in Burleson and Washington counties for $66.5 million.

The deal includes one well producing 433 boe/d and 32,000 gross (20,000 net) acres. Not many wells have been drilled in the immediate vicinity, but good wells have been drilled to the northeast and northwest.

Comstock will move a rig into the area in 2014 and is planning to drill 10 wells over the next year. [Read more…]

Comstock Doubles Its Eagle Ford Rig Count In the Second Quarter

Will Also Double The Number Of Eagle Ford Wells Operated In 2013
Comstock Eagle Ford Drilling Plans 2013

Comstock Eagle Ford Drilling Plans 2013 | Click to Enlarge

Comstock Resources ran three rigs in the Eagle Ford in the first quarter 2013 and ramped up to six rigs running at the end of the second quarter. The increase in activity is no surprise. Comstock will drill as many wells this year (72 gross) as the company had drilled in the previous three years combined. [Read more…]

Comstock Resources Sells West TX Assets to Focus in the Eagle Ford

Deal Allows CRK To Drill 20 More Eagle Ford Wells in 2013
Comstock Resources Eagle Ford Map

Comstock Resources Eagle Ford Map | Click to Enlarge

Comstock Resources is selling West Texas assets in Gaines and Reeves counties for $768 million to Rosetta Resources. The sale provides capital that will allow Comstock to speed up Eagle Ford development. [Read more…]

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