8-K

UNITED STATES

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): August 6, 2007

COMSTOCK RESOURCES, INC.

(Exact Name of Registrant as Specified in Charter)

STATE OF NEVADA	000-16741	94-1667468
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification Number)

5300 Town And Country Boulevard

Suite 500

Frisco, Texas 75034

(Address of principal executive offices)

(972) 668-8800

(Registrant's Telephone No.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition

The information in this Form 8-K and the Exhibit attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

On May 7, 2007, Comstock Resources, Inc. ("Comstock") announced financial results for the three months and six months ended June 30, 2007.  A copy of the press release announcing Comstock's earnings and operating results for the three months and six months ended June 30, 2007 is attached hereto as Exhibit 99.1.

The earnings press release contains financial measures that are not in accordance with generally accepted accounting principles in the United States ("GAAP").  Comstock has provided reconciliations within the earnings release of the non-GAAP financial measures to the most directly comparable GAAP financial measures. Operating cash flow is presented in the earnings release because management believes it to be useful to investors as a common alternative measure of cash flows. EBITDAX is presented in the earnings release because management believes that EBITDAX, which represents Comstock's results from operations before interest, income taxes, and certain non-cash items, including depreciation, depletion and amortization and exploration expense, is a common alternative measure of operating performance used by certain investors and financial analysts. The non-GAAP financial measures described above should be considered in addition to, but not as a substitute for, measures of financial performance prepared in accordance with GAAP that are presented in the earnings release.

Item 9.01. Financial Statements and Exhibits

     Exhibit 99.1 Press Release dated August 6, 2007.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		COMSTOCK RESOURCES, INC.
Dated: August 6, 2007	By:	/s/ M. JAY ALLISON
		M. Jay Allison
		President and Chief Executive Officer

EX-99.1

Exhibit 99.1

	5300 Town and Country Blvd., Suite 500 Frisco, Texas 75034 Telephone:  (972) 668-8800 Contact: Roland O. Burns     Sr. Vice President and Chief Financial Officer Web Site:  www.comstockresources.com

NEWS RELEASE

For Immediate Release

COMSTOCK RESOURCES, INC. REPORTS

SECOND QUARTER 2007 FINANCIAL AND OPERATING RESULTS

FRISCO, TEXAS, August 6, 2007– Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) today reported financial and operating results for the quarter and six months ended June 30, 2007.

Financial Results for the Three Months and Six Months Ended June 30, 2007

Comstock reported net income of $18.2 million or 41¢ per diluted share for the three months ended June 30, 2007 as compared to 2006's second quarter net income of $15.6 million or 35¢ per diluted share.  The 2006 results include a $1.3 million gain on derivative financial instruments.  Without this gain Comstock would have had net income of $14.7 million or 34¢ per diluted share.  The second quarter results continue to reflect the success that the Company's onshore drilling program and offshore activities have had in growing production.  Comstock's production in the second quarter of 2007 increased 32% to 21.4 billion cubic feet equivalent of natural gas ("Bcfe") as compared to production of 16.3 Bcfe in the second quarter of 2006.  Onshore production has increased 20% and offshore production was up 47% from the second quarter of 2006.  The second quarter average daily production rate of 236 million cubic feet of natural gas equivalent ("Mmcfe") also has increased 6% from the first quarter 2007 production rate of 223 Mmcfe per day.  Natural gas prices also improved from the second quarter of 2006.  The Company's realized natural gas price averaged $7.60 per Mcf in 2007's second quarter, 12% higher than the $6.77 per Mcf in 2006's second quarter.  Realized oil prices in the second quarter of 2007 averaged $62.42 per barrel, 4% lower than the $64.90 per barrel for 2006.  The substantial production gains caused second quarter 2007's oil and gas sales to increase 40% to $174.2 million from 2006's second quarter sales of $124.2 million.  Operating cash flow (before changes in working capital accounts) generated by Comstock in 2007's second quarter of $127.2 million was 46% higher than 2006's second quarter cash flow of $87.0 million.  EBITDAX or earnings before interest, taxes, depreciation, depletion, amortization, exploration expense and other noncash expenses also increased 47% to $140.7 million in 2007's second quarter, from 2006's second quarter EBITDAX of $95.9 million.

Comstock reported net income of $30.8 million or 69¢ per diluted share for the six months ended June 30, 2007 as compared to 2006's net income of $45.2 million or $1.03 per diluted share.  The 2006 results include a $10.1 million unrealized gain on derivative financial instruments.  Without this gain, Comstock would have had net income of $38.6 million or 88¢ per diluted share.

Financial results for the first six months of 2007 also reflect the Company's strong production growth.  Comstock's production in the first six months of 2007 increased 30% to 41.5 Bcfe as compared to production of 32.0 Bcfe in the first six months of 2006.  Onshore production has increased 18% and offshore production was up 45% from the first six months of 2006.  The production gains for the first half of 2007 were offset in part by lower oil and natural gas prices.  The Company's realized natural gas price averaged $7.25 per Mcf in 2007's first six months, 2% lower than the $7.40 per Mcf in 2006's first six months.  Realized oil prices in the first six months of 2007 averaged $58.46 per barrel, 5% lower than the $61.52 per barrel for 2006.  Oil and gas sales of $320.2 million for the first six months of 2007 increased 25% from 2006's first six months sales of $255.9 million.  Operating cash flow (before changes in working capital accounts) generated by Comstock in 2007's first six months of $227.7 million increased 28% from 2006's first six months cash flow of $178.5 million.  EBITDAX or earnings before interest, taxes, depreciation, depletion, amortization, exploration expense and other noncash expenses was $254.7 million in 2007's first six months, a 30% increase from 2006's first six months EBITDAX of $195.9 million.

Six Months 2007 Drilling Results

Comstock also announced the results to date of its 2007 drilling program.  In the first six months of 2007 Comstock drilled 97 wells (77.3 net).  Eighty-five of the wells drilled were successful and twelve were dry holes.

Onshore, Comstock drilled 83 (66.5 net) development wells in the first six months of 2007 with 81 (64.8 net) being successful.  Only one (0.6 net) of the three (2.6 net) exploratory wells were successful.  Comstock drilled 66 successful wells (53.3 net) in its East Texas and North Louisiana region which have been tested at an average per well initial production rate of 1.3 Mmcfe per day.  At June 30, 2007 Comstock had three additional wells in this region that were being drilled which are part of Comstock's 120 well drilling program planned in this region for 2007.  Production in this region has increased 34% in the first six months of 2007 as compared to the first half of 2006 as a result of this drilling program.  Comstock plans to drill its first horizontal Cotton Valley well in the third quarter.  The Bell #11A-H well will be drilled in the Waskom field in Harrison County, Texas and is expected to cost $6.3 million.  Comstock will have a 69% working interest in the well.  If successful, Comstock plans to incorporate additional horizontal wells in its development drilling activity in this region.

In South Texas, Comstock drilled nine successful wells (6.4 net) during the first six months of 2007, which had an average per well initial production rate of 6.5 Mmcfe per day.  Three of the wells were in the Las Hermanitas field in Duval County, Texas, three were in the Javelina Field in Hidalgo County, two were in the Company's Ball Ranch field and one was in the Tom East field.  Comstock's latest well drilled in its Las Hermanitas field in Duval County in South Texas, the Shovlin-Vehle #2, is currently producing 7.5 Mmcfe per day from a lower sand completion.  Comstock also drilled the Reithmeyer #3 in the Javelina field in Hidalgo County in South Texas which is currently producing 7.4 Mmcfe from its two stage completion.  Comstock had three rigs drilling in this region on June 30, 2007.

Comstock drilled eight wells (7.3 net) in its Laurel and Maxie fields in Mississippi during the first six months of 2007, six of which were successful.  Five of these wells were tested at an average per well initial production rate of 183 barrels of oil per day and one well tested at 1.5 Mmcf of natural gas per day.  Comstock had one rig drilling in the Laurel field at the end of June.  The first two exploratory wells drilled to test the Company's Pine Hollow prospect in Mississippi were unsuccessful.

Comstock's offshore operations are conducted by its 49% owned subsidiary, Bois d'Arc Energy, Inc. (NYSE: BDE) ("Bois d'Arc").  During the first six months of 2007, Bois d'Arc has drilled six exploratory wells, 3.8 net to Bois d'Arc's interest and five development wells (4.4 net).  One of these exploratory wells (0.8 net) and two development wells (2.0 net) were successful.  During the second quarter of 2007, Bois d'Arc participated in three unsuccessful exploratory wells (two wells, net to its interest).  Bois d'Arc's OCS-G 27166 #1 well at South Pelto block 7 to test the "Dog Bone" prospect was unsuccessful as was the OCS-G 23903 #1 well at Ship Shoal block 163.  Bois d'Arc also participated in another operator's deepwater exploratory prospect in the second quarter but has elected not to participate in the well's completion.  Bois d'Arc is currently drilling the OCS-G-0063 #8ST1 at Ship Shoal block 93 to test its "Walleye" prospect.  Bois d'Arc plans to drill the well to a total depth of 15,000 feet and is currently setting protective pipe in the well below 13,000 feet.  Five prospective reservoirs have been encountered so far and the well looks to be successful.  Bois d'Arc is also drilling its ultra deep "Butch Cassidy" prospect, which is now drilling below 15,000 feet.

During the second quarter Comstock completed an acquisition of additional working interests in the Javelina field in Hildalgo County in South Texas for $32.0 million.  Comstock estimates that the additional interests acquired have proved reserves of approximately 10.6 billion cubic feet ("Bcf") of natural gas.  In addition to the proved reserves, Comstock estimates that the properties being acquired have additional probable and possible reserves of 8.1 Bcf.

This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995.  Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein.  Although the Company believes the expectations in such statements to be reasonable, there can be no assurance that such expectations will prove to be correct.

Comstock Resources, Inc. is a growing independent energy company based in Frisco, Texas and is engaged in oil and gas acquisitions, exploration and development primarily in Texas, Louisiana and the Gulf of Mexico.  The Company's stock is traded on the New York Stock Exchange under the symbol CRK.

COMSTOCK RESOURCES, INC.

CONSOLIDATED OPERATING RESULTS

(In thousands, except per share amounts)

	Three Months Ended June 30,						Six Months Ended June 30,
	2007			2006			2007			2006
Oil and gas sales	$	174,206		$	124,178		$	320,235		$	255,902
Operating expenses:
Oil and gas operating		30,180			25,021			57,263			51,316
Exploration		19,866			3,718			30,999			8,593
Depreciation, depletion and amortization		59,760			33,063			116,467			63,748
Impairment		—			8,780			—			8,780
General and administrative		8,162			7,233			17,864			15,368
Total operating expenses		117,968			77,815			222,593			147,805
Income from operations		56,238			46,363			97,642			108,097
Other income (expenses):
Interest income		335			229			631			466
Other income		221			375			351			429
Interest expense		(10,206	)		(6,106	)		(18,655	)		(11,589	)
Gain on derivatives		—			1,303			—			9,428
Total other income (expenses)		(9,650	)		(4,199	)		(17,673	)		(1,266	)
Income before income taxes and minority interest		46,588			42,164			79,969			106,831
Provision for income taxes		(19,561	)		(18,886	)		(34,385	)		(45,185	)
Minority interest in earnings of Bois d'Arc Energy		(8,810	)		(7,695	)		(14,809	)		(16,429	)
Net income	$	18,217		$	15,583		$	30,775		$	45,217
Net income per share:
Basic	$	0.42		$	0.37		$	0.71		$	1.07
Diluted	$	0.41		$	0.35		$	0.69		$	1.03
Weighted average common and common stock    equivalent shares outstanding:
Basic		43,374			42,077			43,369			42,070
Diluted		44,361			43,521			44,300			43,481

COMSTOCK RESOURCES, INC.

CONSOLIDATED OPERATING RESULTS

(In thousands)

	Three Months Ended June 30,						Six Months Ended June 30,
	2007			2006			2007			2006
Cash flow from operations:
Net cash provided by operating activities	$	148,807		$	90,525		$	227,553		$	176,064
Excess tax benefit from stock-based compensation		434			725			600			922
Increase (decrease) in accounts receivable		10,539			545			15,413			(13,140	)
Decrease in other current assets		1,327			5,461			2,564			949
Decrease (increase) in accounts payable
and accrued expenses		(33,910	)		(10,287	)		(18,389	)		13,666
Cash flow from operations	$	127,197		$	86,969		$	227,741		$	178,461
EBITDAX:
Net income	$	18,217		$	15,583		$	30,775		$	45,217
Interest expense		10,206			6,106			18,655			11,589
Income tax expense		19,561			18,886			34,385			45,185
Depreciation, depletion and amortization		59,760			33,063			116,467			63,748
Impairment		—			8,780			—			8,780
Minority interest in earnings of Bois d'Arc Energy		8,810			7,695			14,809			16,429
Stock-based compensation		4,318			3,348			8,630			6,492
Exploration expense		19,866			3,718			30,999			8,593
Unrealized gain on derivatives		—			(1,303	)		—			(10,131	)
EBITDAX	$	140,738		$	95,876		$	254,720		$	195,902

	As of June 30,
	2007		2006
Balance Sheet Data:
Cash and cash equivalents	$	48,882	$	8,031
Other current assets		110,604		84,142
Property and equipment, net		1,957,176		1,499,871
Other		4,979		5,043
Total assets	$	2,121,641	$	1,597,087
Current liabilities	$	170,290	$	124,282
Long-term debt		594,000		333,000
Deferred income taxes		339,554		277,727
Asset retirement obligation		59,605		41,345
Minority interest in Bois d'Arc Energy		238,855		186,520
Stockholders' equity		719,337		634,213
Total liabilities and stockholders' equity	$	2,121,641	$	1,597,087

COMSTOCK RESOURCES, INC.

CONSOLIDATED OPERATING RESULTS

($ In thousands, except per unit amounts)

	For the Three Months Ended June 30, 2007						For the Three Months Ended June 30, 2006
	Onshore(1)		Bois d'Arc Energy		Total		Onshore(1)		Bois d'Arc Energy		Total
Oil production (thousand barrels)		255		417		672		237		345		582
Gas production (million cubic feet – Mmcf)		9,215		8,194		17,409		7,549		5,218		12,767
Total production (Mmcfe)		10,746		10,696		21,442		8,969		7,290		16,259
Oil sales	$	14,311	$	27,638	$	41,949	$	13,847	$	23,943	$	37,790
Gas sales		68,849		63,408		132,257		50,724		35,664		86,388
Total oil and gas sales	$	83,160	$	91,046	$	174,206	$	64,571	$	59,607	$	124,178
Average oil price (per barrel)	$	56.10	$	66.28	$	62.42	$	58.47	$	69.31	$	64.90
Average gas price (per thousand cubic feet – Mcf)	$	7.47	$	7.74	$	7.60	$	6.72	$	6.84	$	6.77
Average price (per Mcf equivalent)	$	7.74	$	8.51	$	8.12	$	7.20	$	8.18	$	7.64
Lifting cost	$	17,624	$	12,556	$	30,180	$	13,200	$	11,821	$	25,021
Lifting cost (per Mcf equivalent)	$	1.64	$	1.17	$	1.41	$	1.47	$	1.62	$	1.54
Oil and Gas Capital Expenditures	$	117,884	$	59,411	$	177,295	$	43,125	$	67,841	$	110,966

	For the Six Months Ended June 30, 2007						For the Six Months Ended June 30, 2006
	Onshore(1)		Bois d'Arc Energy		Total		Onshore(1)		Bois d'Arc Energy		Total
Oil production (thousand barrels)		506		785		1,291		465		663		1,128
Gas production (million cubic feet – Mmcf)		17,850		15,895		33,745		14,918		10,282		25,200
Total production (Mmcfe)		20,886		20,605		41,491		17,709		14,259		31,968
Oil sales	$	26,365	$	49,106	$	75,471	$	26,112	$	43,280	$	69,392
Gas sales		126,642		118,122		244,764		108,350		78,160		186,510
Total oil and gas sales	$	153,007	$	167,228	$	320,235	$	134,462	$	121,440	$	255,902
Average oil price (per barrel)	$	52.10	$	62.55	$	58.46	$	56.12	$	65.31	$	61.52
Average gas price (per thousand cubic feet – Mcf)	$	7.09	$	7.43	$	7.25	$	7.26	$	7.60	$	7.40
Average price (per Mcf equivalent)	$	7.33	$	8.12	$	7.72	$	7.59	$	8.52	$	8.01
Lifting cost	$	31,679	$	25,584	$	57,263	$	27,055	$	24,261	$	51,316
Lifting cost (per Mcf equivalent)	$	1.52	$	1.24	$	1.38	$	1.53	$	1.70	$	1.61
Oil and Gas Capital Expenditures	$	202,135	$	122,164	$	324,299	$	92,282	$	114,298	$	206,580

(1)  Includes the onshore results of operations of Comstock Resources, Inc.

COMSTOCK RESOURCES, INC.

REGIONAL OPERATING RESULTS

($ In thousands, except per unit amounts)

	For the Three Months Ended June 30, 2007									For the Three Months Ended June 30, 2006
	East Texas/									East Texas/
	North		South				Total			North		South				Total
	Louisiana		Texas		Other		Onshore			Louisiana		Texas		Other		Onshore
Oil production (thousand barrels)		39		54		162		255			31		57		149		237
Gas production (million cubic feet – Mmcf)		6,072		2,423		720		9,215			4,325		2,378		846		7,549
Total production (Mmcfe)		6,305		2,744		1,697		10,746			4,513		2,721		1,735		8,969
Oil sales	$	2,398	$	3,343	$	8,570	$	14,311		$	1,991	$	3,813	$	8,043	$	13,847
Gas sales		44,490		19,290		5,069		68,849			28,299		17,592		4,833		50,724
Total oil and gas sales	$	46,888	$	22,633	$	13,639	$	83,160		$	30,290	$	21,405	$	12,876	$	64,571
Average oil price (per barrel)	$	61.49	$	61.91	$	52.90	$	56.10		$	64.23	$	66.89	$	53.98	$	58.47
Average gas price (per thousand cubic feet – Mcf)	$	7.33	$	7.96	$	7.04	$	7.47		$	6.54	$	7.40	$	5.71	$	6.72
Average price (per Mcf equivalent)	$	7.44	$	8.25	$	8.04	$	7.74		$	6.71	$	7.87	$	7.42	$	7.20
Lifting cost(1)	$	8,311	$	4,462	$	4,851	$	17,624	(1)	$	5,735	$	3,684	$	3,781	$	13,200	(1)
Lifting cost (per Mcf equivalent)	$	1.32	$	1.63	$	2.86	$	1.64		$	1.27	$	1.35	$	2.18	$	1.47
Oil and Gas Capital Expenditures:
Acquisitions	$	—	$	31,892	$	—	$	31,892		$	912	$	—	$	—	$	912
Leasehold costs		137		621		442		1,200			47		95		467		609
Exploratory drilling		—		3,133		1,759		4,892			—		—		—		—
Development drilling		56,387		15,810		5,932		78,129			30,296		2,541		5,471		38,308
Other development		772		503		496		1,771			1,530		532		1,234		3,296
Total	$	57,296	$	51,959	$	8,629	$	117,884		$	32,785	$	3,168	$	7,172	$	43,125

(1)  Includes production taxes of $3,943 and $2,847 for the three months ended June 30, 2007 and 2006, respectively.

	For the Six Months Ended June 30, 2007									For the Six Months Ended June 30, 2006
	East Texas/									East Texas/
	North		South				Total			North		South				Total
	Louisiana		Texas		Other		Onshore			Louisiana		Texas		Other		Onshore
Oil production (thousand barrels)		85		107		314		506			60		113		292		465
Gas production (million cubic feet – Mmcf)		11,453		5,000		1,397		17,850			8,568		4,663		1,687		14,918
Total production (Mmcfe)		11,962		5,640		3,284		20,886			8,930		5,344		3,435		17,709
Oil sales	$	4,890	$	6,301	$	15,174	$	26,365		$	3,731	$	7,287	$	15,094	$	26,112
Gas sales		79,991		37,391		9,260		126,642			61,065		35,790		11,495		108,350
Total oil and gas sales	$	84,881	$	43,692	$	24,434	$	153,007		$	64,796	$	43,077	$	26,589	$	134,462
Average oil price (per barrel)	$	57.53	$	58.89	$	48.32	$	52.10		$	62.18	$	64.49	$	51.69	$	56.12
Average gas price (per thousand cubic feet – Mcf)	$	6.98	$	7.48	$	6.63	$	7.09		$	7.13	$	7.68	$	6.81	$	7.26
Average price (per Mcf equivalent)	$	7.10	$	7.75	$	7.44	$	7.33		$	7.26	$	8.06	$	7.74	$	7.59
Lifting cost(2)	$	14,995	$	7,784	$	8,900	$	31,679	(2)	$	11,661		7,333	$	8,061	$	27,055	(2)
Lifting cost (per Mcf equivalent)	$	1.25	$	1.38	$	2.71	$	1.52		$	1.31	$	1.37	$	2.35	$	1.53
Oil and Gas Capital Expenditures:
Acquisitions	$	—	$	31,965	$	—	$	31,965		$	912	$	—	$	—	$	912
Leasehold costs		535		1,364		2,842		4,741			234		185		1,134		1,553
Exploratory drilling		—		5,388		2,201		7,589			—		75		—		75
Development drilling		111,094		27,487		15,941		154,522			52,459		5,607		19,756		77,822
Other development		1,014		986		1,318		3,318			8,171		643		3,106		11,920
Total	$	112,643	$	67,190	$	22,302	$	202,135		$	61,776	$	6,510	$	23,996	$	92,282

(2)  Includes production taxes of $6,502 and $6,306 for the six months ended June 30, 2007 and 2006, respectively.