Derek [Unknown]'s questions to Comstock Resources Inc (CRK) leadership • Q4 2024
Question
Derek [Unknown] asked about the reservoir quality and potential well recoveries in the shallower parts of the Western Haynesville and questioned the drivers behind the significant Q4 D&C cost reductions, particularly on the completion side.
Answer
COO Daniel Harrison explained that while shallower wells might have slightly lower EURs, D&C costs are also expected to be much lower, and the company has not yet plateaued on cost savings. He noted that higher treating pressures and larger job sizes contribute to the Western Haynesville's completion costs. President & CFO Roland Burns added that early wells bear the full cost of new pad and infrastructure construction, which will benefit future wells.