Despite having tier one acreage in the Eagle Ford, Comstock Resources Inc. (NYSE: CRK) is going all in on another shale play—the Haynesville.
“Our Park Place is the Haynesville ... because it historically is a world-class gas field,” Jay Allison, chairman and CEO of Comstock, said referencing one of the most expensive properties from the board game Monopoly.
During this exclusive interview with Hart Energy Video Reporter Jessica Morales, Allison explains why Comstock—one of the early entrants in the Haynesville Shale in 2007—decided to place its bet on the Haynesville and why he believes the company can get great returns in the shale play.
“Even though the commodity price is a lot less today than it was in 2010, our rates of return are phenomenally higher. That’s the difference, that’s the game changer,” he said.
Allison also discusses what is driving investment dollars back to the Haynesville and whether Comstock plans to increase drilling and completions in the play.
In addition, Allison talks best practices of well completions in the Haynesville and Bossier, including proppant use and lateral lengths, as well as Comstock’s joint venture partnership with USG Properties.
Jessica Morales can be reached at firstname.lastname@example.org.
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