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Related Party Transaction
3 Months Ended
Mar. 31, 2019
Related Party Transactions [Abstract]  
Related Party Transaction

(5) RELATED PARTY TRANSACTION –

In February 2019, Comstock sold leases covering 1,464 undeveloped net acres in Caddo Parish, Louisiana for $5.9 million to Arkoma Drilling II, L.P. ("Arkoma II"), an affiliate of the Company's majority stockholder. The Company plans to drill nine wells on the acreage in 2019 and has retained a working interest in the wells to be drilled.  Comstock will operate the wells and charge Arkoma II the customary drilling and operating fees that it charges other non-operating working interest owners. The proceeds from the sale were used to fund the purchase of a like number of net acres from a third party for $5.9 million.  The acreage acquired was in part the acreage sold to Arkoma II or acreage in the same area.  The purchase price paid per net acre by Arkoma II was determined by the price paid by the Company to the third party.