COMSTOCK RESOURCES INC

CRK is an independent natural gas producer operating primarily in the Haynesville shale, a natural gas basin in North Louisiana and East Texas. The company's operations are concentrated in Louisiana and Texas. As of December 31, 2025, nearly all of its proved natural gas and oil reserves were in the Haynesville and Bossier shale plays. CRK aims to create value by developing its drilling opportunities in the Haynesville and Bossier shales and through exploration in its Western Haynesville play. The company's common stock is traded on the New York Stock Exchange and New York Stock Exchange Texas under the symbol "CRK". As of December 31, 2025, CRK's natural gas and oil properties are estimated to have proved reserves of 7.0 Tcfe with a PV 10 Value of $4.5 billion, based on SEC prices. These proved reserves are mainly natural gas, which were 41% developed as of December 31, 2025, with an average reserve life of approximately 16 years. Using NYMEX futures market natural gas and oil prices as of December 31, 2025, proved reserves are estimated at 7.2 Tcfe with a PV 10 Value of $5.2 billion. With these prices, proved reserves were 40% developed as of December 31, 2025, with an average reserve life of approximately 16 years. As of December 31, 2025, CRK holds 1,069,991 acres (802,769 net) prospective for the Haynesville and Bossier shale plays, including the Western Haynesville area.