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Comstock Resources, Inc. (CRK) CEO Miles Allison on Q2 2021 Results - Earnings Call Transcript

Aug. 04, 2021 5:47 PM ETComstock Resources, Inc. (CRK)
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Comstock Resources, Inc. (NYSE:CRK) Q2 2021 Earnings Conference Call August 4, 2021 11:00 AM ET

Company Participants

Miles Allison - Chairman & CEO

Roland Burns - President, CFO, Secretary & Director

Daniel Harrison - COO

Ronald Mills - VP, Finance & IR

Conference Call Participants

Derrick Whitfield - Stifel, Nicolaus & Company

Kasope Harrison - Simmons & Company

Charles Meade - Johnson Rice & Company

Umang Choudhary - Goldman Sachs Group

Bertrand Donnes - Truist Bank

Noel Parks - Coker Palmer Institutional

Leo Mariani - KeyBanc Capital Markets


Good day, and thank you for standing by. Welcome to the Comstock Resources Second Quarter 2021 Earnings conference call. At this time, all participants are in a listen only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions].

I would now like to hand the conference over to your speaker today, Jay Allison, Chairman and CEO. Please go ahead.

Miles Allison

Again, thank you for the introduction. I know that we're reporting on the second quarter 2021 today. I know that. But we're super excited about what we see for the second half of this year. We advertised that we were front-end loading our capex in 2021 through the first half of the year, which we did. And now we see and actually have it today, corporate record high natural gas production and Comstock that we are selling at high natural gas prices.

The world of natural gas looks really solid with natural gas trading at $4 range plus this morning as I looked on the ticker, especially Haynesville dry natural gas that is a primary feedstock gas for LNG exports stage in Europe as well as to Mexico. Global demand for natural gas is very strong for industrial power generation as well as electrical demand for cooling and heating, while

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