# COMSTOCK RESOURCES INC

Summary updated: 2026-10-02T13:53:32.958714Z
Canonical: https://finbar.com/research/companies/comstock-resources-inc

## Overview

Comstock Resources, Inc. is an independent U.S. natural-gas exploration and production company. Its core business is developing and producing natural gas from the Haynesville and Bossier shale formations in North Louisiana and East Texas, with a smaller oil contribution. Its operations are focused on U.S. Gulf Coast markets rather than a global footprint. [1](https://app.finbar.com/go?id=P37544177)[2](https://app.finbar.com/go?id=P64917408)

The company’s sustainability materials emphasize developing natural-gas resources while operating safely and protecting people and the environment. In 2025, Comstock reported $2.220 billion in total revenues and other operating income and 252 employees; the employee figure excludes certain contract workers. [3](https://www.comstockresources.com/Sustainability.html)[4](https://www.sec.gov/Archives/edgar/data/23194/000119312526059001/crk-20251231.htm)
[1](https://app.finbar.com/go?id=P37544177)[2](https://app.finbar.com/go?id=P64917408)[3](https://www.comstockresources.com/Sustainability.html)[4](https://www.sec.gov/Archives/edgar/data/23194/000119312526059001/crk-20251231.htm)

## Products & services

Comstock Resources’ principal products are natural gas and, in much smaller quantities, oil produced from the Haynesville and Bossier shale plays in North Louisiana and East Texas. The company develops these reserves through horizontal drilling and completion programs, including longer laterals, horseshoe-shaped wells, and enhanced well stimulations; it also explores the Western Haynesville. [1](https://app.finbar.com/go?id=P37544177)[5](https://app.finbar.com/go?id=P74646087)[6](https://app.finbar.com/go?id=P115456353)

Comstock also reports gas-services revenue from reselling natural gas purchased from unaffiliated third parties and from fees for gathering and treating third-party gas through its PGS subsidiary. This revenue line combines resale and service fees; gathering and treating associated with Comstock’s own production is eliminated in consolidation. [7](https://app.finbar.com/go?id=P70753262)
[1](https://app.finbar.com/go?id=P37544177)[5](https://app.finbar.com/go?id=P74646087)[6](https://app.finbar.com/go?id=P115456353)[7](https://app.finbar.com/go?id=P70753262)

## Geographic presence

Comstock Resources’ operations are concentrated in the Haynesville and Bossier shale plays of North Louisiana and East Texas. As of December 31, 2025, it reported 1,069,991 gross acres (802,769 net) prospective for these plays, including Western Haynesville; substantially all of its proved reserves were in the Haynesville and Bossier plays. [6](https://app.finbar.com/go?id=P115456353)[8](https://app.finbar.com/go?id=P117100687)

The 2025 annual report lists executive offices in Frisco, Texas, and production offices and pipe yards near Carthage, Franklin, Marshall, Marquez, and Tennessee Colony, Texas, and Bossier City, Grand Cane, Greenwood, Homer, Mansfield, and Logansport, Louisiana. [9](https://app.finbar.com/go?id=P28557957) The Q2 2026 report describes a single North American exploration and production segment; the cited reports do not provide revenue by geography or employee distribution by location. [10](https://app.finbar.com/go?id=P145038050)
[6](https://app.finbar.com/go?id=P115456353)[8](https://app.finbar.com/go?id=P117100687)[9](https://app.finbar.com/go?id=P28557957)[10](https://app.finbar.com/go?id=P145038050)

## Business segments

Comstock Resources reports one business segment: exploration and production of natural gas and oil in North America, with operations focused primarily on the Haynesville and Bossier shale areas. The company evaluates performance and allocates resources using consolidated results; it does not report these areas as separate segments. [10](https://app.finbar.com/go?id=P145038050)[11](https://app.finbar.com/go?id=P105303572)[12](https://app.finbar.com/go?id=P103026883)

Accordingly, the sole reported segment represents 100% of the company’s segment structure, but Comstock does not provide a segment-by-segment percentage breakdown. Its FY2025 annual report also discusses gas-services revenues, including third-party purchased-gas resale and gathering and treating fees, without identifying those activities as separate reportable segments. [7](https://app.finbar.com/go?id=P70753262)[13](https://app.finbar.com/go?id=P78336690)
[10](https://app.finbar.com/go?id=P145038050)[11](https://app.finbar.com/go?id=P105303572)[12](https://app.finbar.com/go?id=P103026883)[7](https://app.finbar.com/go?id=P70753262)[13](https://app.finbar.com/go?id=P78336690)

## Company history

Comstock’s corporate predecessor, Comstock Tunnel and Drainage Company, originated in the late 1890s to pump water from mines in Nevada’s Comstock Lode; the company was incorporated in Delaware in 1919. In 1987, Ewing Oil acquired the company, renamed it Comstock Resources, and moved its headquarters to Texas, marking its transition into the oil-and-gas business. [14](https://archive.library.unr.edu/public/repositories/2/resources/527) [15](https://www.referenceforbusiness.com/history2/43/Comstock-Resources-Inc.html)

Comstock expanded into the Gulf of Mexico in 1997 by acquiring offshore properties from Bois d’Arc Offshore. In 2004, it contributed substantially all of its Gulf properties to the newly formed Bois d’Arc Energy in exchange for an ownership interest, then sold its stake to Stone Energy in 2008. Meanwhile, the company began applying horizontal drilling in the Haynesville and Bossier shales in 2007, a shift that became central to its later development. [16](https://www.sec.gov/Archives/edgar/data/23194/000095013404010502/d16949e8vk.htm) [17](https://investors.comstockresources.com/news-releases/news-release-details/comstock-resources-inc-announces-contribution-gulf-mexico) [18](https://investors.comstockresources.com/news-releases/news-release-details/comstock-resources-inc-announces-sale-bois-darc-energy-inc-stone) [19](https://stocklight.com/stocks/us/nyse-crk/comstock-resources/annual-reports/nyse-crk-2026-10K-26653564.pdf)

In 2013, Roland O. Burns became president. Comstock made major changes to its asset base in 2018, including acquiring North Louisiana properties from Enduro Resource Partners and completing a transaction involving Bakken properties from entities controlled by Jerry Jones, who became its controlling shareholder. In 2019, Comstock completed its approximately $2.2 billion merger with Covey Park Energy, substantially expanding its Haynesville and Bossier position. [20](https://www.sec.gov/Archives/edgar/data/23194/000002319413000016/exhibit99pnt1may813.htm) [21](https://investors.comstockresources.com/static-files/10ee667e-4b29-41f3-830e-10233b2342b8) [22](https://www.sec.gov/Archives/edgar/data/23194/000119312518249597/d583492dex991.htm) [23](https://app.finbar.com/go?id=P177974052)
[14](https://archive.library.unr.edu/public/repositories/2/resources/527)[15](https://www.referenceforbusiness.com/history2/43/Comstock-Resources-Inc.html)[16](https://www.sec.gov/Archives/edgar/data/23194/000095013404010502/d16949e8vk.htm)[17](https://investors.comstockresources.com/news-releases/news-release-details/comstock-resources-inc-announces-contribution-gulf-mexico)[18](https://investors.comstockresources.com/news-releases/news-release-details/comstock-resources-inc-announces-sale-bois-darc-energy-inc-stone)[19](https://stocklight.com/stocks/us/nyse-crk/comstock-resources/annual-reports/nyse-crk-2026-10K-26653564.pdf)[20](https://www.sec.gov/Archives/edgar/data/23194/000002319413000016/exhibit99pnt1may813.htm)[21](https://investors.comstockresources.com/static-files/10ee667e-4b29-41f3-830e-10233b2342b8)[22](https://www.sec.gov/Archives/edgar/data/23194/000119312518249597/d583492dex991.htm)[23](https://app.finbar.com/go?id=P177974052)[14](https://archive.library.unr.edu/public/repositories/2/resources/527)[15](https://www.referenceforbusiness.com/history2/43/Comstock-Resources-Inc.html)[16](https://www.sec.gov/Archives/edgar/data/23194/000095013404010502/d16949e8vk.htm)[17](https://investors.comstockresources.com/news-releases/news-release-details/comstock-resources-inc-announces-contribution-gulf-mexico)[18](https://investors.comstockresources.com/news-releases/news-release-details/comstock-resources-inc-announces-sale-bois-darc-energy-inc-stone)[19](https://stocklight.com/stocks/us/nyse-crk/comstock-resources/annual-reports/nyse-crk-2026-10K-26653564.pdf)[20](https://www.sec.gov/Archives/edgar/data/23194/000002319413000016/exhibit99pnt1may813.htm)[21](https://investors.comstockresources.com/static-files/10ee667e-4b29-41f3-830e-10233b2342b8)[22](https://www.sec.gov/Archives/edgar/data/23194/000119312518249597/d583492dex991.htm)

## Sources

1. [COMSTOCK RESOURCES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P37544177)
2. [COMSTOCK RESOURCES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P64917408)
3. [www.comstockresources.com](https://www.comstockresources.com/Sustainability.html)
4. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/23194/000119312526059001/crk-20251231.htm)
5. [COMSTOCK RESOURCES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P74646087)
6. [COMSTOCK RESOURCES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P115456353)
7. [COMSTOCK RESOURCES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P70753262)
8. [COMSTOCK RESOURCES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P117100687)
9. [COMSTOCK RESOURCES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P28557957)
10. [COMSTOCK RESOURCES INC — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145038050)
11. [COMSTOCK RESOURCES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P105303572)
12. [COMSTOCK RESOURCES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P103026883)
13. [COMSTOCK RESOURCES INC — Full financial report (2025 Y)](https://app.finbar.com/go?id=P78336690)
14. [archive.library.unr.edu](https://archive.library.unr.edu/public/repositories/2/resources/527)
15. [www.referenceforbusiness.com](https://www.referenceforbusiness.com/history2/43/Comstock-Resources-Inc.html)
16. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/23194/000095013404010502/d16949e8vk.htm)
17. [investors.comstockresources.com](https://investors.comstockresources.com/news-releases/news-release-details/comstock-resources-inc-announces-contribution-gulf-mexico)
18. [investors.comstockresources.com](https://investors.comstockresources.com/news-releases/news-release-details/comstock-resources-inc-announces-sale-bois-darc-energy-inc-stone)
19. [stocklight.com](https://stocklight.com/stocks/us/nyse-crk/comstock-resources/annual-reports/nyse-crk-2026-10K-26653564.pdf)
20. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/23194/000002319413000016/exhibit99pnt1may813.htm)
21. [investors.comstockresources.com](https://investors.comstockresources.com/static-files/10ee667e-4b29-41f3-830e-10233b2342b8)
22. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/23194/000119312518249597/d583492dex991.htm)
23. [COMSTOCK RESOURCES INC — Full financial report (2019 Q 2)](https://app.finbar.com/go?id=P177974052)

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