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): September 29, 2005
COMSTOCK RESOURCES, INC.
(Exact Name of Registrant as Specified in Charter)
STATE OF NEVADA |
000-16741 |
94-1667468 |
(State or other
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(Commission File Number) |
(I.R.S. Employer |
5300 Town And Country Boulevard
Suite 500
Frisco, Texas 75034
(Address of principal executive offices)
(972) 668-8800
(Registrants 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:
o |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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o |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
On September 29, 2005, Comstock Resources, Inc. (Comstock) issued a press release announcing the impact of Hurricanes Rita and Katrina on its operations.
Comstocks press release announcing the impact of Hurricanes Rita and Katrina on its operations is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(a) Financial Statements of Business Acquired.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits. The following exhibits are filed with this document:
Exhibit No. |
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Description |
99.1 |
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Press Release, dated September 29, 2005, regarding the Registrants announcement of the impact of Hurricanes Rita and Katrina on its operations |
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.
COMSTOCK RESOURCES, INC.
Dated: September 30, 2005 |
By: |
/s/ M. Jay Allison |
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M. Jay Allison |
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President and Chief Executive Officer | |||
Exhibit 99.1
5300 Town and Country Blvd., Suite 500
Frisco, Texas 75034
Telephone: (972) 668-8800
Contact: Roland O. Burns
Sr. Vice President and Chief Financial Officer
Web Site: www.comstockresources.com
NEWS RELEASE
For Immediate Release
COMSTOCK RESOURCES, INC. REPORTS ON IMPACT
OF HURRICANE KATRINA ON ITS OPERATIONS
FRISCO, TEXAS, September 29, 2005 Comstock Resources, Inc. (Comstock or the Company) (NYSE: CRK) today announced the impact of Hurricanes Rita and Katrina on its operations.
Comstock owns a 48% stake in Bois dArc Energy, Inc. (NYSE: BDE) which today announced the status of its Gulf of Mexico production operations after the recent Hurricane Rita and the previous Hurricane Katrina. Bois dArc shut in all of its production and the four drilling rigs that it has under contract in advance of Hurricane Rita on September 20th and evacuated all of its personnel. Bois dArc has now completed its inspection of its production platforms in the Gulf of Mexico after the storm. Bois dArc incurred no significant damage to any of its main production platforms. The area most impacted by the storm was the Ship Shoal 113 unit where two low elevation caisson mounted pipeline junction platforms were damaged by high seas. The damage to these facilities is not substantial and should not prevent them from returning to production in the near future. None of the four drilling rigs under contract to Bois dArc were damaged and they have now returned to drilling operations. Total idle rigs days that Bois dArc has experienced in 2005 has now increased to 63 days with the additional down time for Hurricane Rita.
Bois dArc has restored approximately 13 million cubic feet equivalent of natural gas (MMcfe) per day of its production. The remaining production of 66 MMcfe per day is awaiting the start up of operations of third party pipelines and processing facilities. The pipeline operators have not informed Bois dArc of how long these systems will be down. Due to third party pipeline problems as well as the availability of construction services, Bois dArc is also unable to ascertain when it will be able to start up
Comstock also reported that it shut in approximately 26 MMcfe per day of its production in East Texas, Southeast Texas and in South Texas on September 22nd in advance of Hurricane Rita which was necessitated by the shut down of third party operated gas processing plants. All of this production has been restored except for 18 MMcfe per day of production at the Double A Wells field which is awaiting the start of operations at the Indian Springs Plant in Livingston, Texas. The Company expects this plant to be operating by next week. The Companys Laurel field in Laurel, Mississippi resumed production operations on September 9th after being shut in on August 28th due to loss of electrical service caused by Hurricane Katrina. This oil field produces 1,600 barrels of oil per day, net to the Companys interest.
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 managements 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 Louisiana and Texas and in the Gulf of Mexico through its ownership of Bois dArc Energy, Inc. (NYSE: BDE). The companys stock is traded on the New York Stock Exchange under the symbol CRK.
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 managements 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 Louisiana and Texas and in the Gulf of Mexico through its ownership of Bois dArc Energy, Inc. (NYSE: BDE). The companys stock is traded on the New York Stock Exchange under the symbol CRK.