-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BI2eRLVJ2A7NoyYloL6YdKQI++zPPorj9KJ5IM/mrfEyQu3oYZxe9BFISKKwnCBB HhR1LPOzqDZPqNUiBrRqbA== 0000023194-97-000020.txt : 19971104 0000023194-97-000020.hdr.sgml : 19971104 ACCESSION NUMBER: 0000023194-97-000020 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19961028 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19971103 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMSTOCK RESOURCES INC CENTRAL INDEX KEY: 0000023194 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 941667468 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-03262 FILM NUMBER: 97706149 BUSINESS ADDRESS: STREET 1: 5005 LBJ FRWY STE 1000 CITY: DALLAS STATE: TX ZIP: 75244 BUSINESS PHONE: 2147012000 MAIL ADDRESS: STREET 1: 5005 LBJ FREEWAY STREET 2: STE 1000 CITY: DALLAS STATE: TX ZIP: 75244 FORMER COMPANY: FORMER CONFORMED NAME: COMSTOCK TUNNEL & DRAINAGE CO DATE OF NAME CHANGE: 19880121 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported): October 28, 1997 COMSTOCK RESOURCES, INC. (Exact name of registrant as specified in its charter) NEVADA 0-16741 94-1667468 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification Number) 5005 LBJ Freeway, Suite 1000, Dallas, Texas 75244 (Address of principal executive offices) (972) 701-2000 (Registrant's Telephone No.) Item 5. Other Events On October 28, 1997, Comstock Resources, Inc. ("the Company") announced that the Company has entered into a letter of intent to acquire interests in certain offshore Louisiana oil and gas properties for a cash purchase price of $205 million from Bois d'Arc Resources and its partners. The Company is acquiring interests in thirty-one (31) wells and eight (8) separate production complexes located in the Gulf of Mexico offshore of Plaquemines and Terrebonne Parishes, Louisiana. The acquisition includes interests in the Louisiana State and Federal offshore areas of Main Pass Blocks 21 and 25, Ship Shoal Blocks 66, 67, 68 and 69 and South Pelto Block 1. The Company's independent petroleum engineers estimate that the properties contain proved oil and gas reserves as of November 1, 1997, the effective date of the acquisition, of approximately 19.7 million barrels of oil equivalent. Approximately $30 million of the purchase price is attributed to the undrilled prospects. The acquisition is subject to the parties executing a mutually agreeable purchase and sale agreement. The Company expects to close the transaction on or about December 15, 1997. Item 7. Financial Statements, Proforma Financial Information and Exhibits c. Exhibits 99 (a) Press Release issued October 28, 1997. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COMSTOCK RESOURCES, INC. Dated: October 31, 1997 By: /s/ROLAND O. BURNS ------------------ ROLAND O. BURNS Senior Vice President, Chief Financial Officer, Secretary, and Treasurer (Principal Financial and Accounting Officer) 3 EXHIBIT INDEX Exhibit Number Description 99 (a) Press Release issued October 31, 1997. 4 EX-99 2 PRESS RELEASE DATED OCTOBER 28, 1997 COMSTOCK RESOURCES, INC. 5005 LBJ Freeway, Suite 1000 Dallas, Texas 75244 Telephone: (972) 701-2000 Contact: Roland O. Burns Sr. Vice President and Chief Financial Officer NEWS RELEASE - ------------------------------------------------------------------------------- For Immediate Release COMSTOCK RESOURCES, INC. TO ACQUIRE OFFSHORE LOUISIANA OIL AND GAS PROPERTIES FOR $205 MILLION DALLAS, TEXAS, October 28, 1997 -- Comstock Resources, Inc. ("Comstock")(NYSE:CRK) today announced that Comstock has entered into a letter of intent to acquire interests in certain offshore Louisiana oil and gas properties for a cash purchase price of $205 million from Bois d'Arc Resources and its partners. Comstock is acquiring interests in thirty-one (31) wells and eight (8) separate production complexes located in the Gulf of Mexico offshore of Plaquemines and Terrebonne Parishes, Louisiana. The acquisition includes interests in the Louisiana State and Federal offshore areas of Main Pass Blocks 21 and 25, Ship Shoal Blocks 66, 67, 68 and 69 and South Pelto Block 1. Twenty-eight (28) of these wells are currently producing approximately 9,000 barrels of oil equivalent per day, net to the interest being acquired by Comstock . Two additional wells are expected to be connected to production facilities in early November and one well at Main Pass Block 21 is currently in the process of drilling. Comstock estimates that the properties being acquired contain twenty-one (21) proved undeveloped locations. The Company is also acquiring interests in six undrilled prospects which have been delineated by 3-D seismic. The Company's independent petroleum engineers estimate that the properties contain proved oil and gas reserves as of November 1, 1997, the effective date of the acquisition, of approximately 19.7 million barrels of oil equivalent. Approximately $30 million of the purchase price is attributed to the undrilled prospects. The acquisition is subject to the parties executing a mutually agreeable purchase and sale agreement. Comstock expects to close the transaction on or about December 15, 1997. "The $205 million acquisition will be the largest transaction in the Company's history," stated M. Jay Allison, Chairman and President of Comstock. "The acquisition will give the Company a major presence in the Gulf of Mexico, which has been a core area for the Company. The acquisition also has significant developmental and exploration upside by continuing the exploration program that Bois d'Arc has proven to be successful." Comstock Resources, Inc. is a rapidly growing independent oil and gas company based in Dallas, Texas and is engaged in oil and gas property acquisitions, and oil and gas exploration, development and production primarily in Texas and Louisiana. -----END PRIVACY-ENHANCED MESSAGE-----