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COMSTOCK RESOURCES REPORTS OIL AND GAS RESERVES PURCHASED IN SOUTHERN NEBRASKA ACQUISITION ON JANUARY 1993

 DALLAS, March 12 /PRNewswire/ -- Comstock Resources, Inc. (NASDAQ-NMS: CMRE) reported today that its independent petroleum engineers estimated that the proved oil and gas reserves attributable to its previously announced acquisition of producing oil and gas leases in Southern Nebraska are 519,000 barrels of oil and 3.6 billion cubic feet of natural gas as of Jan. 1, 1993. Such oil and gas reserves have estimated future revenues of $15.3 million and future net cash flows of $10.5 million using non-escalated current prices for oil ($18.00) and gas ($1.65). The present value of the future cash flows attributable to the reserves at 10 percent is $4.4 million.
 In January 1993, Comstock acquired a 50 percent interest in oil and gas leases on 1,680 acres in three fields in southern Nebraska with 10 existing oil and gas wells. Comstock anticipates drilling seven additional wells on the leases in the future. Comstock issued 350,000 shares of its common stock for the properties.
 Comstock Resources, Inc. is primarily engaged in the acquisition, development and production of oil and gas in the Southwestern United States.
 -0- 3/12/93
 /CONTACT: M. Jay Allison, president and chief executive officer of Comstock Resources, 214-701-2000/
 (CMRE)


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

WB -- NY038 -- 5525 03/12/93 13:05 EST
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Publication:PR Newswire
Date:Mar 12, 1993
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