Comstock Resources, Inc. (NYSE:CRK) Q2 2023 Earnings Conference Call August 1, 2023 11:00 AM ET

Company Participants

Jay Allison – Chairman and Chief Executive Officer

Roland Burns – President and Chief Financial Officer

Dan Harrison – Chief Operating Officer

Ron Mills – Vice President of Finance and Investor Relations

Conference Call Participants

Charles Meade – Johnson Rice

Derrick Whitfield – Stifel

Jacob Roberts – Tudor Pickering Holt & Company

Bertrand Donnes – Truist

Gregg Brody – Bank of America

Noel Parks – Tuohy Brothers Investment Research

Paul Diamond – Citi

Phillips Johnston – Capital One Securities

Leo Mariani – ROTH MKM

Operator

Thank you for standing by, and welcome to the Comstock Resources Second Quarter 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] As a reminder, today’s program is being recorded.

Now I’d like to introduce your host for today’s program Mr. Jay Allison, Chairman and CEO. Please go ahead, sir.

Jay Allison

Thank you, Jonathan. I wish you controlled natural gas prices. We’d all be a little happier. I like your introduction. Welcome to the Comstock Resources second quarter 2023 financial and operating results conference call. You can view a slide presentation during or after this call by going to our website at www.comstockresources.com and downloading the quarterly results presentation. There you’ll find a presentation entitled second quarter 2023 results.

I am Jay Allison, Chief Executive Officer of Comstock. With me is, Roland Burns, our President and Chief Financial Officer; Dan Harrison, our Chief Operating Officer; and Ron Mills, our VP of Finance and Investor Relations.

I flip over to Slide 2, please refer to Slide 2 in our presentation and note that our discussions today will include forward-looking statements within the meaning of securities laws. While we believe the expectations and such statements to be reasonable, there could be no assurance that such expectations will prove to be correct.

I want to take the time to thank each of you that’s listening today on this call, and those who will listen later on. As we all know, this year continues to be challenging as we’ve had weak natural gas prices coupled with a highly inflated drilling and completion cost. Looking beyond this year, we’re very optimistic about natural gas. The growth in demand for natural gas driven by the growth of LNG exports from the Gulf Coast are expected to improve natural gas prices next year and the years beyond.