COMSTOCK RESOURCES INC

Comstock Resources, Inc. (NYSE: CRK) is a leading independent natural gas producer headquartered in the United States with operations concentrated in Louisiana and Texas. The company operates primarily in the Haynesville and Bossier shale plays, premier natural gas basins located in North Louisiana and East Texas that benefit from geographic proximity to Gulf Coast natural gas markets, including liquefied natural gas export facilities, petrochemical operations, and expanding power generation for data centers. The company's website is www.comstockresources.com.

As of December 31, 2025, Comstock held proved natural gas and oil reserves of 7.0 trillion cubic feet equivalent, with substantially all reserves located in the Haynesville and Bossier shale plays. The company operates 99 percent of its proved reserve base, providing operational control over drilling schedules, development plans, and cost management. The company's acreage position totals approximately 1.07 billion gross acres prospective for the Haynesville and Bossier shales, including its Western Haynesville extension area.

Comstock's business strategy focuses on prudent growth through development of its extensive inventory of drilling locations, with approximately 1,848 identified drilling locations in its legacy Haynesville and Bossier area and 3,343 locations in the Western Haynesville area, providing decades of drilling activity. The company pursues an organic drilling inventory growth model, acquiring undeveloped leasehold through direct leasing and acreage acquisitions rather than relying primarily on mergers or acquisitions of producing properties. During 2025, the company drilled 52 wells with an average lateral length of approximately 11,187 feet and spent $1.05 billion on exploration and development activities.

In 2023, Comstock formed Pinnacle Gas Services LLC, a midstream venture with partner Quantum Capital Solutions to develop gathering and treating infrastructure supporting Western Haynesville production growth. The Pinnacle system includes gas treating plants and 246 miles of high-pressure pipelines. The company achieved independent third-party certification of its natural gas operations under the MiQ standard for methane emissions and partners with NextEra Energy Resources to provide natural gas for power generation supporting data center development in Western Haynesville.