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Edited Transcript of CRK earnings conference call or presentation 7-Nov-19 4:00pm GMT [Yahoo! Finance News]

Comstock Resources, Inc. (CRK) 
Last comstock resources, inc. earnings: 2/26 04:30 pm Check Earnings Report
Edited Transcript of CRK earnings conference call or presentation 7-Nov-19 4:00pm GMT Our Haynesville/Bossier shale drilling program continues to deliver strong production growth. Comstock and Covey Park had drilled and completed a combined 201 operated wells since 2015, which had an average IP rate of 23 million cubic foot per day. The wells we completed in the third quarter averaged 25 million cubic foot per day. Our combined pro forma Haynesville shale production in the third quarter was up 34% from the third quarter of last year. We have also been driving down our well cost in the Haynesville. Our latest well cost per lateral foot were 19% lower than what we averaged in the fourth quarter of 2018. The strong natural gas production growth was offset by weaker natural gas prices in the third quarter. For the quarter, we reported oil and gas sales of $251 million, adjusted EBITDAX of $189 million, operating cash flow of $143 million or $0.60 per share and adjusted net income of $34 m Show less Read more
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