Question 1

What is Comstock Resources's exploration expense including unproved impairments and exploratory dry hole costs?

Accepted Answer

Comstock Resources (CRK) reported exploration expense including unproved impairments and exploratory dry hole costs of $9.34M in Q1 2026.

Question 2

How has Comstock Resources's exploration expense including unproved impairments and exploratory dry hole costs changed year-over-year?

Accepted Answer

Comstock Resources's exploration expense including unproved impairments and exploratory dry hole costs increased by 334.6% year-over-year, from $2.15M to $9.34M.

Question 3

What does exploration expense including unproved impairments and exploratory dry hole costs mean?

Accepted Answer

Includes costs associated with geological and geophysical studies, as well as the write-offs of unsuccessful exploratory drilling efforts. This metric reflects the company's appetite for risk and the success rate of its efforts to replace or grow its reserve base. High levels of these expenses without corresponding reserve additions can indicate inefficient capital deployment in exploration.

Line item	Three Months Ended March 31, 2026	Three Months Ended March 31, 2025
Production and ad valorem taxes	10,425	11,179
Gathering and transportation	41,804	42,617
Lease operating	28,281	35,000
Exploration	9,343	2,150
Depreciation, depletion and amortization	141,532	167,891
Gas services	162,856	116,769
General and administrative	18,222	11,080
Total operating expenses	412,463	386,686

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Comstock Resources CRK Exploration Expense Including Unproved Impairments And Exploratory Dry Hole Costs