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Oil and Gas Reserves Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2015
Extractive Industries [Abstract]  
Summary of Changes in Net Quantities of Crude Oil and Natural Gas Reserves For Continuing Operations

Set forth below is a summary of the changes in Comstock’s net quantities of oil and natural gas reserves for its continuing operations for each of the three years in the period ended December 31, 2015:

 

     2013     2014     2015  
     Oil
(MBbls)
    Natural
Gas
(MMcf)
    Oil
(MBbls)
    Natural
Gas
(MMcf)
    Oil
(MBbls)
    Natural
Gas
(MMcf)
 

Proved Reserves:

            

Beginning of year

     18,899        437,445        21,976        452,653        20,854        495,266   

Revisions of previous estimates

     28        23,321        (2,182     3,998        (5,096     (41,437

Extensions and discoveries

     5,363        47,581        5,373        78,383        231        168,539   

Sales of minerals in place

     —          —          —          —          (3,671     (5,096

Production

     (2,314     (55,694     (4,313     (39,768     (3,089     (47,676
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

End of year

     21,976        452,653        20,854        495,266        9,229        569,596   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Proved Developed Reserves:

            

Beginning of year

     8,389        362,426        13,914        344,278        16,247        324,598   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

End of year

     13,914        344,278        16,247        324,598        9,229        311,130   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Reserves

The following table sets forth the standardized measure of discounted future net cash flows relating to proved reserves at December 31, 2014 and 2015:

 

     2014      2015  
     (In thousands)  

Cash Flows Relating to Proved Reserves:

     

Future Cash Flows

   $ 3,891,953       $ 1,763,146   

Future Costs:

     

Production

     (1,260,580      (705,146

Development and Abandonment

     (571,200      (362,874

Future Income Taxes

     (192,600      (1,231
  

 

 

    

 

 

 

Future Net Cash Flows

     1,867,573         693,895   

10% Discount Factor

     (776,913      (321,756
  

 

 

    

 

 

 

Standardized Measure of Discounted Future Net Cash Flows

   $ 1,090,660       $ 372,139   
  

 

 

    

 

 

 
Changes in Standardized Measure of Discounted Future Net Cash Flows Relating to Proved Reserves

The following table sets forth the changes in the standardized measure of discounted future net cash flows relating to proved reserves for the years ended December 31, 2013, 2014 and 2015:

 

     2013     2014     2015  
     (In thousands)  

Standardized Measure, Beginning of Year

   $ 641,325      $ 807,217      $ 1,090,660   

Net change in sales price, net of production costs

     43,117        5,911        (751,774

Development costs incurred during the year which were previously estimated

     187,643        344,590        157,390   

Revisions of quantity estimates

     48,411        (40,993     (111,454

Accretion of discount

     81,434        105,400        114,427   

Changes in future development and abandonment costs

     (157,207     (10,909     14,901   

Changes in timing and other

     80,348        (19,028     (44,439

Extensions and discoveries

     291,582        163,559        56,216   

Sales of minerals in place

     —          —          (43,694

Sales, net of production costs

     (335,677     (458,254     (163,336

Net changes in income taxes

     (73,759     193,167        53,242   
  

 

 

   

 

 

   

 

 

 

Standardized Measure, End of Year

   $ 807,217      $ 1,090,660      $ 372,139