Despite having tier one acreage in the Eagle Ford, Comstock Resources Inc. (NYSE: CRK) is going all in on another shale play—the Haynesville.
“Our Park Place is the Haynesville ... because it historically is a world-class gas field,” Jay Allison, chairman and CEO of Comstock, said referencing one of the most expensive properties from the board game Monopoly.
During this exclusive interview with Hart Energy Video Reporter Jessica Morales, Allison explains why Comstock—one of the early entrants in the Haynesville Shale in 2007—decided to place its bet on the Haynesville and why he believes the company can get great returns in the shale play.
“Even though the commodity price is a lot less today than it was in 2010, our rates of return are phenomenally higher. That’s the difference, that’s the game changer,” he said.
Allison also discusses what is driving investment dollars back to the Haynesville and whether Comstock plans to increase drilling and completions in the play.
In addition, Allison talks best practices of well completions in the Haynesville and Bossier, including proppant use and lateral lengths, as well as Comstock’s joint venture partnership with USG Properties.
RELATED:
Comstock’s Target: ‘Making The Haynesville Great Again’
Scrimmage Line: Comstock Sells Eagle Ford; Picks Up Cowboys Owner’s Cash
Jessica Morales can be reached at jmorales@hartenergy.com.
Recommended Reading
Biden Bans E&Ps from 625 Million Acres of Offshore Oil, Gas Leases
2025-01-06 - While the White House said the move doesn’t affect existing leases, oil and gas industry groups called excluding offshore waters “significant and catastrophic.”
Biden to Ban Offshore Oil, Gas Drilling in Vast Areas Ahead of Trump Term
2025-01-06 - The ban is set to affect 625 million acres of ocean but mostly covers areas without important drilling prospects.
Trump Fires Off Energy Executive Orders on Alaska, LNG, EVs
2025-01-21 - President Donald Trump opened his term with a flurry of executive orders, many reversing the Biden administration’s policies on LNG permitting, the Paris Agreement and drilling in Alaska.
Pickering Prognosticates 2025 Political Winds and Shale M&A
2025-01-14 - For oil and gas, big M&A deals will probably encounter less resistance, tariffs could be a threat and the industry will likely shrug off “drill, baby, drill” entreaties.
Hirs: Expansive Energy Policies Set to Shape 2025 Markets
2025-01-02 - The incoming administration’s policies on sanctions, tariffs, regulations and deportations will impact the oil and gas industry.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.