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COMSTOCK RESOURCES, INC. ANNOUNCES RESULTS OF TEXAS PANHANDLE FIELD ONGOING DEVELOPMENT PROGRAM

 DALLAS, May 20 /PRNewswire/ -- Comstock Resources, Inc. (NASDAQ-NMS: CMRE) today announced the results of its ongoing Texas Panhandle field development program. Comstock drilled 15 wells in late 1992 which were completed in the first quarter of 1993, seven on the 54,000 acre Bivins Ranch lease and eight on the 8,000 acre Sneed Ranch leases.
 Initial test results indicate that the seven Bivins wells are commercially productive from the Red Cave formation. Production from these seven wells varied from a minimum of 34 barrels of oil per day (BOPD) to a maximum of 78 BOPD. The average initial production rate for the seven wells was 59 BOPD and 65,000 cubic feet of gas per day (MCFGPD).
 Seven of the eight Sneed wells were likewise found to be commercially productive from the Moore County Lime formation. One well on the Sneed lease was abandoned due to mechanical problems. The seven completed wells potentialed at rates varying from 23 BOPD to 76 BOPD. The average initial production rate from the seven wells was 52 BOPD and 68 MCFGPD.
 Comstock, through its 1992 Development Venture, has budgeted $2 to $3 million for additional developmental drilling on its acreage on the Bivins and Sneed Ranch leases for 1993.
 Comstock Resources, Inc. is a rapidly growing independent energy company engaged in oil and gas property acquisitions and oil and gas exploration, development, and production in the United States.
 -0- 5/20/93
 /CONTACT: Alan G. Mikell, chief operating officer of Comstock Resources, Inc., 214-701-2000/
 (CMRE)


CO: Comstock Resources, Inc. ST: Texas IN: OIL SU:

WB -- NY047 -- 0712 05/20/93 11:03 EDT
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Publication:PR Newswire
Date:May 20, 1993
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