Comstock Resources unloads Eagle Ford shale properties for $115M

• Comstock Resources (CRK -12.6%) has dropped sharply following news it agreed to sell its oil and gas properties in the Eagle Ford Shale in east Texas for ~$115M.
• CRK says it expects to realize a $100M-$110M pre-tax loss on the sale, and revises its 2015 oil production guidance to 9K-9.5K bbl/day and its natural gas production guidance to 125MM-150MM cf/day.
• CRK says the sale will help fund its drilling program in the Hayneville shale and elsewhere.