UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date of
Report (Date of Earliest Event Reported): December 9,
2008
COMSTOCK
RESOURCES, INC.
(Exact
Name of Registrant as Specified in Charter)
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STATE
OF NEVADA
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001-03262
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94-1667468
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(State
or other
jurisdiction
incorporation)
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(Commission
File Number)
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(I.R.S.
Employer
Identification
Number)
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5300
Town And Country Boulevard
Suite
500
Frisco,
Texas 75034
(Address
of principal executive offices)
(972)
668-8800
(Registrant's
Telephone No.)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
8.01 Other Events.
On
December 9, 2008 Comstock Resources, Inc. ("Comstock") issued a press release,
attached hereto as Exhibit 99.1 and incorporated herein by reference, announcing
updates to its calendar 2008 drilling results.
Item
9.01 Financial Statements and Exhibits
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Exhibit
99.1
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Press
Release, dated December 9, 2008.
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SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, as amended, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly
authorized.
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COMSTOCK
RESOURCES, INC.
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Dated: December
10, 2008
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By:
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/s/
M. JAY ALLISON
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M.
Jay Allison
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President
and Chief Executive Officer
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Exhibit 99.1
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5300 Town and Country Blvd.,
Suite 500
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Frisco, Texas
75034
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Telephone: (972)
668-8800
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Contact: Roland O.
Burns
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Sr. Vice President and Chief
Financial Officer
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Web Site:
www.comstockresources.com
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NEWS RELEASE
For Immediate
Release
COMSTOCK
RESOURCES, INC. UPDATES
DRILLING
RESULTS
FRISCO, TEXAS, December 9,
2008 – Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK)
today updated the results of its drilling activity on its Haynesville shale
acreage in its East Texas/North Louisiana region and its exploratory well in the
Fandango field in South Texas.
Comstock's
BSMC LA 7 #1 H well in the Toledo Bend North field was drilled to a vertical
depth of 11,750 feet with a completed lateral length of 4,300 feet. A ten stage
frac to complete this well has been finalized, and the well is currently flowing
with an initial production rate of approximately 9 million cubic feet equivalent
of natural gas (“MMcfe”) per day. Comstock has an 88% working
interest in this well. Comstock’s second horizontal Haynesville well
is the Collins LA 15 #1 H in the Logansport field. This well has been
drilled to total vertical depth of 11,350 feet with a 4,200 foot
lateral. A ten stage frac to complete this well is currently
underway. Comstock has a 100% working interest in this
well. Comstock also has an interest in the Gamble 24 #1 H well in the
Logansport field. This well has been drilled to a vertical depth of
11,800 feet with a 3,950 foot lateral. Completion operations are
scheduled to commence later this month. The Company has a 22% working
interest in this well.
Comstock
has drilled the vertical portion of two other Haynesville Shale horizontal
wells. The Bogue A#6 H well has been drilled in the Waskom field to a
vertical depth of 11,400 feet. Comstock plans to drill and complete a
4,000 foot lateral extension of this well starting later this
month. Comstock has a 100% working interest in this
well. The Green #13 H well in the Blocker field has been drilled to a
vertical depth of 11,650 feet. The Company plans to drill a 3,700 foot lateral
extension of this well later this month. Comstock has a 94% working
interest in this well. The vertical portions of three additional
Haynesville horizontal wells are also currently in progress. The
Headrick #1 H (100% working interest to Comstock) and the Hart #1 H (88% working
interest to Comstock) in the Logansport field and the Moneyham #7 H (100%
working interest to Comstock) in the Longwood field are expected to reach total
vertical depth before the end of 2008, and the Company plans to subsequently
drill additional lateral intervals of approximately 4,000 feet in each of these
wells.
Comstock
also reported on its exploratory well drilled in the Fandango field in Zapata
County in South Texas. The Leyendecker #10 was drilled to a total
depth of 16,200 feet. The well has encountered approximately 300 feet
of net pay in three zones. Comstock is currently running production
casing in the well and first production is expected in early January 2009.
Comstock has a 100% working interest in this well. Comstock plans to spud two
additional wells in the Fandango field this month. Both wells, the
Trevino #3 and the Muzza #13, will target multiple pay
objectives. The Trevino #3 is planned to 14,800 feet and the Muzza
#13 is planned to 16,000 feet.
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
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 and Louisiana. The Company's stock is traded on
the New York Stock Exchange under the symbol CRK.