News Releases Details

FRISCO, Texas, Feb. 1 /PRNewswire-FirstCall/ -- Comstock Resources, Inc. (NYSE: CRK) ("Comstock" or the "Company") announced today that its capital expenditure budget for development and exploration activities for 2005 is $175 million. Included in Comstock's budget is $75 million, which represents 59.9% of Bois d'Arc Energy, LLC's ("Bois d'Arc") planned $125 million for its development and exploration activities in the Gulf of Mexico in 2005.

Comstock expects to spend approximately $100 million on its onshore properties as compared to an estimated $51 million spent for onshore projects in 2004. Development projects comprise $74 million of the onshore budget and $26 million of the budget is allocated to exploration activities. Comstock expects to drill approximately 119 (61.3 net) onshore wells in 2005 including 107 (55.4 net) development wells and 12 (5.9 net) exploratory wells.

Comstock's East Texas / North Louisiana operating region accounts for the largest portion of the 2004 budget with forecasted expenditures of $62 million. Comstock has budgeted to drill 69 (43.2 net) development wells in this region in 2005. Comstock expects to spend $18 million in its Southeast Texas region to drill five (3.6 net) wells in 2005 including two exploratory wells to test its "Big Sandy" and "Robin" prospects in Polk County, Texas. Comstock expects to spend $16 million in its South Texas region to drill 16 (4.8 net) wells in 2005. Seven (2.0 net) development wells are planned and nine (2.8 net) exploratory wells have been budgeted for. The remaining $4 million will be spent on Comstock's properties in its other regions.

The Bois d'Arc 2005 capital expenditure budget of approximately $125 million anticipates exploration spending of approximately $95 million with the remaining $30 million allocated to development activities. The exploration budget includes approximately $61 million to drill and complete 17 (14.1 net) exploration wells in the shallow Gulf of Mexico. Bois d'Arc has budgeted approximately $20 million for new production facilities should all of the exploration wells be successful. Approximately $14 million has been budgeted for the acquisition of new seismic data and leases to add to its drilling prospect inventory. The $30 million Bois d'Arc development budget anticipates drilling approximately 7 (5.8 net) wells at an approximate cost of $22 million. Bois d'Arc has also budgeted approximately $8 million for additional production facilities, recompletions and abandonment activities.

Comstock also announced its oil and natural gas production for 2004. The following table summarizes 2004 oil and natural gas production in each of its operating regions:

                                          East Texas/
                   59.9% of     Gulf of      North    Southeast
                  Bois d'Arc   Mexico (A)  Louisiana    Texas   Other   Total

    Oil production
     (thousand
      barrels)         466         637         86        228     117    1,534

    Natural gas
     production
     (million cubic
      feet - Mmcf)   3,539       3,594      9,704      9,826   6,858   33,521
    Total production
     (Mmcfe)         6,335       7,416     10,220     11,194   7,560   42,725

     (A)  Contributed to Bois d'Arc in July 2004.

Comstock's 2004 production of 42.7 Bcfe decreased 3% as compared to production in 2003 of 44.0 Bcfe. The decrease related to Comstock's offshore production which had been expected to increase over 2003. Bois d'Arc's 2004 production was significantly impacted by the effects of Hurricane Ivan. In September 2004, Bois d'Arc shut in substantially all of its production in the Gulf of Mexico for four days because of the hurricane. In addition, part of Bois d'Arc's production has also been shut in much of the fourth quarter of 2004 awaiting repairs to third party pipelines that were damaged by the hurricane. The expected start of a new production platform was also delayed to late January 2005 compared to the originally projected early November 2004 start date.

This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements to be reasonable, there can be no assurance that such expectations will prove to be correct.

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. The company's stock is traded on the New York Stock Exchange under the symbol CRK.

SOURCE Comstock Resources, Inc.

CONTACT:
Roland O. Burns
Sr. Vice President and Chief Financial Officer
Comstock Resources, Inc.
972-668-8800