Karnes County, TX: Eagle Ford Shale

By Andrea: http://oilshalegas.com

Comstock Resources Inc. (CRK) gave an update on the Eagle Ford Shale recently. They are increasing their acreage in the Eagle Ford Shale in Karnes County, McMullen County and Atascosa County, Texas.

Comstock Resources Inc. (CRK) has acquired or is in the process of closing on 18,000 net acres that they feel are prospective for development in the emerging Eagle Ford Shale play in Karnes, McMullen, and Atascosa counties in South Texas. They are focusing primarily on the oil and condensate windows in this play due to the better economics of oil versus natural gas. They hope to acquire additional 10,000 net acres in our focus area. Given expected well spacing of 80,000 acres and an expected per well recovery of 400,000 barrels of oil per well, Comstock's acreage could have 67 million barrels of oil equivalent of reserve potential. They plan to move one of their Haynesville rigs to the South East Texas region and expect to drill three Eagle Ford Shale wells on the acreage by the end of this year.

In 2011 after they have completed their leasing activities, they plan to have a two to three rig program to develop their Eagle Ford Shale acreage.

For more shale updates, visit: http://blackberrystocks.blogspot.com

For more stock updates, visit: http://daytradingstockblog.blogspot.com

Atascosa County, Texas: Eagle Ford Shale Update

By Andrea: http://oilshalegas.com

Comstock Resources Inc. (CRK) gave an update on the Eagle Ford Shale recently. They are increasing their acreage in the Eagle Ford Shale in Karnes County, McMullen County and Atascosa County, Texas.

Comstock Resources Inc. (CRK) has acquired or is in the process of closing on 18,000 net acres that they feel are prospective for development in the emerging Eagle Ford Shale play in Karnes, McMullen, and Atascosa counties in South Texas. They are focusing primarily on the oil and condensate windows in this play due to the better economics of oil versus natural gas. They hope to acquire additional 10,000 net acres in our focus area. Given expected well spacing of 80,000 acres and an expected per well recovery of 400,000 barrels of oil per well, Comstock's acreage could have 67 million barrels of oil equivalent of reserve potential. They plan to move one of their Haynesville rigs to the South East Texas region and expect to drill three Eagle Ford Shale wells on the acreage by the end of this year.

In 2011 after they have completed their leasing activities, they plan to have a two to three rig program to develop their Eagle Ford Shale acreage.

For more shale updates, visit: http://blackberrystocks.blogspot.com

For more stock updates, visit: http://daytradingstockblog.blogspot.com

McMullen County, Texas: Eagle Ford Shale update

By Andrea: http://oilshalegas.com

Comstock Resources Inc. (CRK) gave an update on the Eagle Ford Shale recently. They are increasing their acreage in the Eagle Ford Shale in Karnes County, McMullen County and Atascosa County, Texas.

Comstock Resources Inc. (CRK) has acquired or is in the process of closing on 18,000 net acres that they feel are prospective for development in the emerging Eagle Ford Shale play in Karnes, McMullen, and Atascosa counties in South Texas. They are focusing primarily on the oil and condensate windows in this play due to the better economics of oil versus natural gas. They hope to acquire additional 10,000 net acres in our focus area. Given expected well spacing of 80,000 acres and an expected per well recovery of 400,000 barrels of oil per well, Comstock's acreage could have 67 million barrels of oil equivalent of reserve potential. They plan to move one of their Haynesville rigs to the South East Texas region and expect to drill three Eagle Ford Shale wells on the acreage by the end of this year.

In 2011 after they have completed their leasing activities, they plan to have a two to three rig program to develop their Eagle Ford Shale acreage.

For more shale updates, visit: http://blackberrystocks.blogspot.com

For more stock updates, visit: http://daytradingstockblog.blogspot.com

Haynesville Shale Drilling to Increase in 2010

Natural Gas prices have been slowly creeping up in December 2009. The higher prices have been associated with the colder weather that has been hitting the northeast. Natural Gas inventories have been very weak as a result of this.

Comstock Resources Inc. (CRK) announced two weeks ago that they will be increasing their drilling budget in the Haynesville Shale for 2010. With Natural Gas currently around $5.75, I am expecting $7-$8 natural gas in 2010. Comstock has acreage in Desoto Parish Louisiana and East Texas.


Comstock Resources, Inc. Announces 2010 Exploration and Development Budget

Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced that it plans to spend approximately $385.0 million in 2010 for development and exploration activities. Comstock expects to add an additional drilling rig in the second quarter of 2010 to the six rigs which the Company is currently utilizing in its Haynesville shale drilling program.

Full Article Here


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