We had very strong results in our 2011 drilling program. We drilled 87 successful wells including 62 Haynesville shale wells and 20 Eagle Ford shale wells. The drilling program was one of the drivers of our 25% growth in proved reserves that we achieved in 2011. It added 228 Bcfe of new reserves and increased our proved developed reserves by 170 Bcfe.We ended 2011 by closing an acquisition that established a new core area in the oil-rich Permian basin. As we have shifted most of our resources this year to growing our oil production, this acquisition gives us a low-risk vertical drilling program to complement our successful Eagle Ford shale program in South Texas. We also think we're very well positioned to be a significant player in the emerging horizontal Wolfcamp shale in the Permian basin.
Comstock Resources' CEO Discusses Q4 2011 Results - Earnings Call Transcript
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