Comstock Resources, Inc. Announces Another Successful Well at Double A Wells Field
FRISCO, Texas, May 31, 2000 /PRNewswire via COMTEX/ -- Comstock Resources,
Inc. (NYSE: CRK) ("Comstock" or the "Company") today announced the production
test results of the Champion C #3 well. This well was drilled to a total depth
of 14,250 feet and was completed in the upper Woodbine formation through
perforations from 13,994 feet to 14,042 feet. The well's completion was tested
at 4.2 million cubic feet of natural gas per day and 333 barrels of condensate
per day (6.2 million cubic feet of natural gas equivalent per day) flowing on an
18/64 inch choke at 3,000 pounds per square inch flowing tubing pressure.
Comstock owns a 62.7% working interest and is the operator of this new well.
This well is the seventh successful well drilled at Double A Wells field in Polk
County, Texas since Comstock started its redevelopment of the field in 1999. In
its Double A Wells field program, Comstock is currently at 11,200 feet in
drilling the Jackson #3 well, which has a proposed total depth of 14,100 feet.
Certain statements in this news release regarding future expectations, plans for
drilling, estimates of oil and gas reserves and production and pricing may be
regarded as "forward looking statements" within the meaning of the Securities
Litigation Reform Act. They are subject to various risks, such as operating
hazards, drilling risks, and the inherent uncertainties in interpreting
engineering data relating to underground accumulations of oil and gas. Actual
results may vary materially.
Comstock Resources, Inc. is a growing independent energy company based in
Frisco, Texas and is engaged in oil and gas acquisitions, exploration and
development primarily in Texas, Louisiana and the Gulf of Mexico.
SOURCE Comstock Resources, Inc.
CONTACT: Roland 0. Burns, Sr. Vice President and Chief Financial Officer
of Comstock Resources, Inc., 972-668-8800
(CRK) |
