Comstock Resources Fourth Quarter Delays Push Eagle Ford Growth Into 2014
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.
Also Read: Comstock Focused on the Eagle Ford - Planning to Spend $400 M in 2014
Current production as of January 21st was 10,000 b/d of oil and the company had 23 gross (17.2 net) Eagle Ford wells waiting to be completed.
Eagle Ford Drives Comstock's Reserves Growth
Development in the Eagle Ford helped Comstock grow proved reserves to almost 22 million bbls and 453 Bcf. Comstock added 5.3 million barrels and 5 Bcf of reserves in the Eagle Ford in 2013.
Read more about Comstock's latest expansion in the region: Comstock - Ursa Reach Eagle Ford Deal Worth $66.5 Million
Overall, Comstock is reporting proved reserves of 584 Bcfe at December 31, 2013. That compares favorably to 551 Bcfe the company reported on December 31, 2012.
Read the full press release at comstockresources.com