Comstock - South Texas Conventional Gas Divestiture 2016

9,903 NET ACRES; 10.6 MMCFEPD (EST. APRIL 2016) Comstock Resources, Inc. (“Comstock”) is offering for sale all of its South Texas conventional gas assets (the “Properties”). BMO Capital Markets has been retained as exclusive financial advisor to Comstock.


  • Opportunity to acquire long-life, shallow decline, legacy gas assets located in Duval, Hidalgo, Kenedy, McMullen, and Zapata counties, Texas
  • Located in the heart of the Tertiary-aged Wilcox and Vicksburg plays
  • Major operated fields include the prolific Fandango, Rosita, Javelina, and Las Hermanitas, which have cumulatively produced over 1 TCFE
  • Significantly undercapitalized non-core asset with nominal capital deployed since 2009
  • 9,903 net acres (20,552 gross acres), which are 100% HBP
  • Estimated April 2016 net production of ~10.6 MMCFEPD from ~120 gross producing wells with a PDP R/P of ~14 years
  • Quantified opportunities include large inventory of low-risk workovers, recompletions, and new drilling locations
  • Unquantified opportunities include additional recompletions and operational improvements


Please email the signed Confidentiality Agreement to

Contact Chelsea Neville at +1 713-546-9703 or any of the above individuals with questions.