Friday, January 7, 2011

More Detail on Comstock Capex

Last month I noted that Comstock plans to spend $522 million on capital expenditures in 2011.  The table below shows the company's proposed breakdown by location of its spending in the Haynesville Shale, where it has allocated $348 million (67% of the budget).

I've seen some chatter about a farm-out or joint venture deal for some of Comstock's Haynesville acreage, but I'm not sure if a deal is figured into the 2011 capital budget.  Sounds like a deal might be imminent.  

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