US natgas drillers cut spending, reduce activity amid price crash [Yahoo! Finance]
Comstock Resources, Inc. (CRK)
Last comstock resources, inc. earnings: 2/26 04:30 pm
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phx.corporate-ir.net/phoenix.zhtml?c=101568&p=irol-irhome
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Source: Yahoo! Finance
decline in prices, companies said this week during earnings presentations and analyst calls. For months of relatively low gas prices, many producers kept output mostly steady on expectations that demand would rise in 2024 and 2025 when several liquefied natural gas (LNG) export plants enter service. However, this week's collapse in gas prices to a 3-1/2-year low convinced some drillers to reverse course. Comstock Resources, a major U.S. gas producer, said it would reduce the number of rigs in operation from seven to five and suspend its dividend until gas prices rise sufficiently. Antero Resources, another big U.S. gas producer, said it would cut its drilling and completion capital budget by 26% after reducing the number of rigs in operation to two from three. It also dropped one of its two completion crews. Antero expects a 3% decline in gas volumes this year versus 2023. "[It's] good to see operators clearly lay out plans to slow D&C (drilling and completion) capital at
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News
- Here's What Analysts Are Forecasting For Comstock Resources, Inc. (NYSE:CRK) After Its First-Quarter Results [Yahoo! Finance]Yahoo! Finance
- Comstock Resources, Inc. (NYSE:CRK) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Comstock Resources First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- COMSTOCK RESOURCES, INC. REPORTS FIRST QUARTER 2024 FINANCIAL AND OPERATING RESULTS [Yahoo! Finance]Yahoo! Finance
- COMSTOCK RESOURCES, INC. REPORTS FIRST QUARTER 2024 FINANCIAL AND OPERATING RESULTSGlobeNewswire
CRK
Earnings
- 5/1/24 - Beat
CRK
Sec Filings
- 5/2/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 4/29/24 - Form DEF
- CRK's page on the SEC website