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COMSTOCK RESOURCES ANNOUNCES PROGRESS OF 1992 TEXAS PANHANDLE DEVELOPMENT PROGRAM

 COMSTOCK RESOURCES ANNOUNCES PROGRESS
 OF 1992 TEXAS PANHANDLE DEVELOPMENT PROGRAM
 DALLAS, Aug. 21 /PRNewswire/ -- Comstock Resources, Inc. (NASDAQ-NMS: CMRE) today announced the results of additional wells drilled in its 1992 Oil & Gas Development Venture. As previously reported, Comstock successfully completed nine wells on the Bivins and Sneed Ranches during the first quarter of 1992. The company is presently drilling the seventh well of a 20 well program on the Bivins and Sneed Ranch leases, which comprise 64,196 acres in the Texas Panhandle Field. A total of 40 wells will be drilled on these leases during 1992.
 Of the seven wells drilled thus far, three leases have been completed as commercial producers in the Red Cave formation and one was abandoned at a depth of 1,200 feet due to mechanical failure. Comstock is preparing to perforate and fracture stimulate wells five and six, and the seventh well is presently drilling. Two of the three productive wells demonstrated producing rates of over 50 BOPD during state initial potential tests. These two wells, the Bivins 8-14M & 6-14M also produced casinghead gas at a combined rate of 186 MCFGPD during their potential tests. Comstock's third recently completed commercial well, the Bivins 1-15M, produced approximately 6 BOPD and 54 MCFGPD during its' state test.
 Three additional wells are planned on the Bivins Ranch and the balance of the 20 wells are projected to be Moore County Lime tests on the Sneed Ranch. During the fourth quarter of this year, another 10 development wells will be drilled on these properties.
 Comstock Resources, Inc. is primarily engaged in the acquisition, development and production of oil and gas properties in the Southwestern United States.
 -0- 8/21/92
 /CONTACT: M. Jay Allison, president & chief executive officer of Comstock Resources, 214-701-2000/
 (CMRE) CO: Comstock Resources, Inc. ST: Texas IN: OIL SU:


SH -- NY022 -- 2098 08/21/92 11:18 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Aug 21, 1992
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