The "Western Haynesville" is a quickly evolving play based on the deep Haynesville and Bossier geological formations. Comstock Resources was the early mover and Aethon has followed suit. Both companies have built large leasehold positions and drilled impressive wells. Other major unconventional O&G companies are joining them as the play area expands. Mitsui E&P USA has built a large position and Expand (Chesapeake) is heavily rumored to be leasing. There may be more major operators chasing this trend via the multiple brokerage firms that are active in the eastern expansion of the trend. The play area originally was comprised of Leon, Roberston and Freestone counties as the focus for early drilling. Leasing operations and "trend subsurface work" has seen the play expand to include Houston, Anderson, Cherokee and Nacogdoches counties. The eastward expansion to Nacogdoches County now almost connects the western trend to the original Haynesville Shale fairway. The prospective section in this trend ranges from 2000' to over 4000' thick, and the opportunity for multiple target intervals is highly probable based on some stacked lateral efforts by Comstock. The play is deep, hot and over pressured making it an expensive and challenging trend to drill, fracture stimulate and produce.
Higher natural gas prices in the fourth quarter drove improved financial results in the quarter.
Natural gas and oil sales, including realized hedging losses, were $364 million for the quarter.
Operating cash flow was $222 million or 0.75 per diluted share.
Adjusted EBITDAX for the quarter was $277 million.
Adjusted net income was $46 million or $0.16 per diluted share for the quarter.
Four successful wells were turned to sales in the Western Haynesville in the fourth quarter.
These wells had an average lateral length of 8,399 feet and an average per well initial production rate of 29 MMcf per day.
During 2025, Comstock turned a total of 12 wells to sales in the Western Haynesville with an average per well initial production rate of 33 MMcf per day.
Comstock turned 35 wells to sales in 2025 in its legacy Haynesville area with an average lateral length of 11,738 feet and a per well initial production rate of 25 MMcf per day.
Completed the sale of Shelby Trough assets in East Texas for net proceeds after selling expenses of $417 million.
2025 Drilling Results
Comstock drilled 52 (44.2 net) operated horizontal Haynesville/Bossier shale wells in 2025, which had an average lateral length of 11,187 feet. Comstock also turned 47 (40.3 net) operated wells to sales in 2025, which had an average initial production rate of 27 MMcf per day.
Since its last operational update in October, Comstock has turned eleven (9.4 net) operated Haynesville/Bossier shale wells to sales. These wells had initial production rates that averaged 27 MMcf per day. The completed lateral length of these wells averaged 10,063 feet. Included in these wells, Comstock turned an additional four (4.0 net) operated Western Haynesville/Bossier shale wells to sales as follows:
Well
Vertical Depth (feet)
Completed Lateral (feet)
Initial Production Rate (MMcf per day)
Williams RM #1
16,286
8,186
31
Hutto TMM #1
18,333
8,836
31
Brown Trueheart W #1
17,663
8,763
32
Brown Trueheart BB #1
16,584
7,809
22
These wells had average initial daily production rates of 29 MMcf per day and average completed lateral lengths of 8,399 feet.
WESTERN HAYNESVILLE
17 members
Description
The "Western Haynesville" is a quickly evolving play based on the deep Haynesville and Bossier geological formations. Comstock Resources was the early mover and Aethon has followed suit. Both companies have built large leasehold positions and drilled impressive wells. Other major unconventional O&G companies are joining them as the play area expands. Mitsui E&P USA has built a large position and Expand (Chesapeake) is heavily rumored to be leasing. There may be more major operators chasing this trend via the multiple brokerage firms that are active in the eastern expansion of the trend. The play area originally was comprised of Leon, Roberston and Freestone counties as the focus for early drilling. Leasing operations and "trend subsurface work" has seen the play expand to include Houston, Anderson, Cherokee and Nacogdoches counties. The eastward expansion to Nacogdoches County now almost connects the western trend to the original Haynesville Shale fairway. The prospective section in this trend ranges from 2000' to over 4000' thick, and the opportunity for multiple target intervals is highly probable based on some stacked lateral efforts by Comstock. The play is deep, hot and over pressured making it an expensive and challenging trend to drill, fracture stimulate and produce.
COMSTOCK RESOURCES, INC. REPORTS FOURTH QUARTER 2025 FINANCIAL AND OPERATING RESULTS
by Skip Peel - Mineral Consultant
Feb 11
COMSTOCK RESOURCES, INC. REPORTS FOURTH QUARTER 2025 FINANCIAL AND OPERATING RESULTS
February 11, 2026
Link to full report: https://investors.comstockresources.com/news-releases/news-release-...
Highlights of 2025's Fourth Quarter
2025 Drilling Results
Comstock drilled 52 (44.2 net) operated horizontal Haynesville/Bossier shale wells in 2025, which had an average lateral length of 11,187 feet. Comstock also turned 47 (40.3 net) operated wells to sales in 2025, which had an average initial production rate of 27 MMcf per day.
Since its last operational update in October, Comstock has turned eleven (9.4 net) operated Haynesville/Bossier shale wells to sales. These wells had initial production rates that averaged 27 MMcf per day. The completed lateral length of these wells averaged 10,063 feet. Included in these wells, Comstock turned an additional four (4.0 net) operated Western Haynesville/Bossier shale wells to sales as follows:
Well
Vertical
Depth
(feet)
Completed
Lateral (feet)
Initial
Production
Rate (MMcf
per day)
Williams RM #1
16,286
8,186
31
Hutto TMM #1
18,333
8,836
31
Brown Trueheart W #1
17,663
8,763
32
Brown Trueheart BB #1
16,584
7,809
22
These wells had average initial daily production rates of 29 MMcf per day and average completed lateral lengths of 8,399 feet.