Comstock - Eagle Ford Divestiture 2017

Comstock Resources, Inc. ("Comstock") is offering for sale its South Texas Eagle Ford assets (the "Properties"). BMO Capital Markets has been retained as exclusive financial advisor to Comstock.


  • Opportunity to acquire a highly economic, operated asset in the black and volatile oil windows of the Eagle Ford play
  • A partially developed oil asset with a strong PDP base in a low risk area of the play
    • Q3 2017 net production of 2,866 boe/d (>70% oil) from 184 operated and 7 non-operated wells
  • Large leasehold of ~18,600 net acres (~90% HBP) primarily in McMullen, LaSalle, Frio, Atascosa, Wilson, and Karnes counties, Texas
    • Eagle Ford acreage over 62% undeveloped
    • Over 327 gross (214 net) drilling locations in the Lower Eagle Ford; additional potential locations in Upper Eagle Ford, Austin Chalk, and Buda formations
  • Recent Eagle Ford completions using higher proppant intensity have yielded 14% to 39% greater EURs than legacy wells
  • Low D&C costs and short cycle times; wells with 7,500' lateral length average 13 days spud to rig release
  • Extensive infrastructure in place, including field electrification, CDPs, and midstream to facilitate full development
    • No long-term midstream commitments
  • Offset operators include EOG, Cabot, Titan, BHP, Carrizo, Chesapeake, EP Energy, Lonestar, Murphy, and Sundance Energy


Please email the signed Confidentiality Agreement to

Contact Chelsea Neville at +1 713-546-9703 or with any additional questions.