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 Oil & Gas Sales including hedging, increased 34% to $564 million;
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.
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CONTACT INVESTOR RELATIONS
Requests for additional information
should be directed to:
Gary H. Guyton
5300 Town and Country Blvd.
Frisco, Texas 75034
(972) 668-8834 (direct)
(800) 877-1322 (toll free)