| Market Capitalization (Millions $) |
4,204 |
| Shares
Outstanding (Millions) |
291 |
| Employees |
252 |
| Revenues (TTM) (Millions $) |
2,295 |
| Net Income (TTM) (Millions $) |
648 |
| Cash Flow (TTM) (Millions $) |
-18 |
| Capital Exp. (TTM) (Millions $) |
1,467 |
Business Description
We are engaged in the acquisition, development, production and exploration of
oil and natural gas. Our common stock is listed and traded on the New York Stock
Exchange under the symbol "CRK". Our oil and gas operations are primarily
concentrated in Texas and Louisiana. Our operations are principally focused in
two operating areas: East Texas/North Louisiana and South Texas. Our properties
have an average reserve life of approximately 14.8 years and have extensive development
and exploration potential. Our properties in the East Texas/North Louisiana region,
which are primarily prospective for natural gas, include 78,437 acres (66,172
net to us) in the Haynesville or Bossier shale formations. Advances in drilling
and completion technology have allowed us to increase the reserves recovered through
longer horizontal lateral length and substantially larger well stimulation. As
a result of the improved economic returns that we achieved with our Haynesville
shale natural gas wells, and continued low oil prices, our 2015 and 2016 drilling
activity primarily targeted natural gas in the Haynesville shale. In our South
Texas region, our Eagleville field includes 25,949 acres (19,046 net to us) located
in the oil window of the Eagle Ford shale. In addition to our acreage in the Eagle
Ford shale, we have 71,813 acres (66,698 net to us) in Mississippi and Louisiana
that are prospective for oil development in the Tuscaloosa Marine shale. We currently
have no plans to develop the Tuscaloosa Marine shale properties prior to the expiration
of the leases unless oil prices improve significantly in the near term.
Company Address: 5300 Town and Country Blvd. Frisco 75034 TX
Company Phone Number: 668-8800 Stock Exchange / Ticker: NYSE CRK
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