Comstock released its 2014 financial results on February 10, 2015. Highlights include:
The 86% growth in oil production drove strong revenue and cash flow growth in 2014:
• Our EBITDAX was up 41% $446 million; and
• Total cash flow from operations was 57% $392 million or ($8.41 per share).
Our successful drilling program in South Texas Eagle Ford shale drove the oil growth we had in 2014. 68 out of 68 wells that we drilled were successful and we put 91 new Eagle Ford shale wells on production in 2014.
We were able to de-risk our Burleson County Eagle Ford shale play in 2014.
Ten of 11 wells drilled were successful and we placed six wells on production.
We increased our position in the emergingTuscaloosa Marine shale play to 82,000 net acres but we have delayed development until oil prices improve.
TRANSFER AGENT
For stock certificate transfers, changes of
address or lost stock certificates, please
contact:
American Stock Transfer & Trust Company
59 Maiden Lane, New York, NY 10038
(800) 937-5449
CONTACT INVESTOR RELATIONS
Requests for additional information
should be directed to:
Gary H. Guyton
5300 Town and Country Blvd.
Suite 500
Frisco, Texas 75034
(972) 668-8834 (direct)
(800) 877-1322 (toll free)
gguyton@comstockresources.com
