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Comstock Suspends TMS Operations

Posted by bernell on December 18, 2014

Low oil prices strike again!

Comstock officially announced today in a news release it had pulled out of the TMS for the time being.  Here is the relevant portion of the news release:

"In response to low oil prices, the Company plans to suspend its oil directed drilling activity in its Eagle Ford shale properties in South and East Texas and in the Tuscaloosa Marine shale in Mississippi.  Comstock has released its rig in the Tuscaloosa Marine shale and will postpone its drilling activity there until oil prices improve."

And, here is a link to the full news release:


What do you think about it?