| Business Summary | | Comstock
Resources,
Inc.,
together
with
its
subsidiaries,
is
an
independent
energy
company
engaged
in
the
acquisition,
development,
production
and
exploration
of
oil
and
natural
gas
properties,
with
an
increasing
focus
on
exploration.
The
Company's
oil
and
natural
gas
reserve
base
is
entirely
concentrated
in
the
Gulf
of
Mexico,
Southeast
Texas
and
East
Texas/North
Louisiana
regions.
The
Company's
reserve
base
is
74%
natural
gas
and
68%
proved
reserves,
developed
on
a
Bcfe
basis,
as
of
December
31,
2000.
The
estimated
proved
oil
and
natural
gas
reserves
are
402.5
Bcfe,
with
an
estimated
Present
Value
of
Proved
Reserves
of
$1.8
billion,
as
of
December
31,
2000,
and
the
Company
operates
73%
of
the
Present
Value
of
Proved
Reserves
of
its
properties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CRK
is
engaged
in
the
acquisition,
production
and
exploration
of
oil
and
natural
gas
properties
in
Texas,
Louisiana,
and
the
Gulf
of
Mexico.
For
the
six
months
ended
6/30/01,
revenues
increased
59%
to
$114.1
million.
Net
income
applicable
to
Common
totaled
$36.0
million,
up
from
$12.0
million.
Revenues
reflect
an
increase
in
production
and
higher
natural
gas
prices.
Earnings
also
benefited
from
improved
operating
margins. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| M. Jay Allison, 45 Chairman,
Pres, CEO | $1.5M | $1.0M | Roland Burns, 41 Sr.
VP, CFO, Sec., Treasurer, Director | 560K | 127K | Mack Good, 50 VP
of Operations | 245K | 26K | Daniel Presley, 40 VP
of Accounting and Controller | -- | -- | Stephen Neukom, 51 VP,
Director of Marketing | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|