Comstock Resources, Inc. (NYSE:CRK) Q1 2022 Earnings Conference Call May 4, 2022 11:00 AM ET
Company Participants
Miles Allison - Chairman & CEO
Roland Burns - President, CFO, Secretary & Director
Daniel Harrison - COO
Ronald Mills - VP of Finance & IR
Conference Call Participants
Derrick Whitfield - Stifel, Nicolaus & Company
Umang Choudhary - Goldman Sachs Group
Neal Dingmann - Truist Securities
Charles Meade - Johnson Rice & Company
Phillips Johnston - Capital One Securities
Noel Parks - Tuohy Brothers Investment Research
Steven Dechert - KeyBanc Capital Markets
Operator
Ladies and gentlemen, thank you for standing by, and welcome to Q1 2022 Comstock Resources, Incorporated earnings conference call. [Operator Instructions]. I would now like to hand the conference over to your first speaker today, our Chairman and CEO, Jay Allison. Thank you. Please go ahead.
Miles Allison
Thank you. I know it's a busy day in the world of earnings for oil and gas. If you're an analyst or stakeholder, thank you for the time that you're going to give us. Welcome to the Comstock Resources first quarter of 2022 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 result presentation. There you will find a presentation inside for the first quarter of 2022 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; Ronald Mills, our VP of Finance and Investor Relations.
Please refer to slide 2 in our presentation. There's a note that our session 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 insurance that such expectations will prove to be correct. If you have flipped over to Slide 3, what a great day to have an earnings call. I mean natural gas is at a 13-year high.
Natural gas outlook is at $8.54 and the 12-month script is in the $8.40s. We're sitting as a company on 1,600 drilling locations in the Haynesville Bossier which is a natural gas plate. Nearest to LNG export terminals and gas-free cash flow is up to probably $1 billion in 2022 at these prices and with our agents in place, and yes, someone has to come out and tell you that the oil and gas pie [indiscernible] and we're doing that. At $8.54 natural gas products it should be expected.