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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): January 22, 1996
COMSTOCK RESOURCES, INC.
(Exact name of registrant as specified in its charter)
NEVADA 0-16741 94-1667468
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification Number)
5005 LBJ Freeway, Suite 1000, Dallas, Texas 75244
(Address of principal executive offices)
(214) 701-2000
(Registrant's Telephone No.)
Item 5. Other Events
On January 22, 1996, Comstock Resources, Inc. ("the Company") announced
that the Company has entered into letters of intent to acquire Black Stone Oil
Company and the interests of additional working interest owners in certain
producing oil and gas properties as well as interests in undeveloped oil and gas
leases located in East Texas for total cash consideration of approximately $103
million. Black Stone Oil Company is a privately held company based in Houston,
Texas and is the operator of the oil and gas properties being acquired. Closing
of the acquisition is anticipated to occur on or about May 1, 1996 and is
subject to the parties executing mutually agreeable purchase and sale
agreements, clearance by certain governmental authorities and to the Company
obtaining acceptable financing.
The Company would be acquiring interests in 18 producing oil and gas wells.
The Company estimates that the interests attributable to the interests to be
acquired have proved oil and gas reserves of approximately 92 billion cubic feet
of natural gas and 5 million barrels of oil, as of January 1, 1996, the
effective date of the acquisition.
Item 7. Financial Statements, Proforma Financial Information and Exhibits
c. Exhibits
99 (a) Press Release issued January 22, 1996.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
COMSTOCK RESOURCES, INC.
Dated: January 25, 1996 By: /s/ROLAND O. BURNS
--------------------------
ROLAND O. BURNS
Senior Vice President,
Chief Financial Officer,
Secretary, and Treasurer
(Principal Financial and
Accounting Officer)
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EXHIBIT INDEX
Exhibit Number Description
99(a) Press Release issued January 22, 1996.
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COMSTOCK RESOURCES For Immediate Release NEWS RELEASE Contact: Roland O. Burns Senior Vice President (214) 701-2000 COMSTOCK RESOURCES, INC. TO ACQUIRE BLACK STONE OIL COMPANY AND OIL & GAS PROPERTIES FOR $103 MILLION DALLAS, TX, January 22, 1996--COMSTOCK RESOURCES, INC. ("Comstock")(NASDAQ- NMS:CMRE) today announced that Comstock has entered into letters of intent to acquire BLACK STONE OIL COMPANY and the interests of additional working interest owners in certain producing oil and gas properties as well as a substantial interest in undeveloped oil and gas leases located in East Texas for total cash consideration of approximately $103 million. Black Stone Oil Company is a privately held company based in Houston, Texas and is the operator of the oil and gas properties being acquired. The acquisition is subject to the parties executing mutually agreeable purchase and sale agreements, clearance by certain governmental authorities and to Comstock obtaining acceptable financing. Comstock would be acquiring interests in 18 producing oil and gas wells. Comstock estimates that proved oil and gas reserves attributable to the interests to be acquired are approximately 92 billion cubic feet of natural gas and 5 million barrels of oil, as of January 1, 1996, the effective date of the acquisition. Comstock Resources, Inc. is a rapidly growing independent energy company engaged in oil and gas property acquisitions and oil and gas exploration, development, and production in the United States.