Comstock Resources Completes Registration of 9.75% Senior Notes

4/16/19

FRISCO, TEXAS, April 16, 2019 — Comstock Resources, Inc. (NYSE: CRK) announced today that the registration statement for its 9¾% Senior Notes due 2026 has been declared effective. Accordingly, Comstock has commenced an offer to exchange all of its outstanding 9¾% Senior Notes due 2026, which are not registered under the Securities Act of 1933, as amended, for an equal principal amount of newly issued 9¾% Senior Notes due 2026 that have been registered under the Securities Act.

The Exchange Notes are substantially identical to the Original Notes, except that the Exchange Notes have been registered under the Securities Act and will not bear any legend restricting their transfer. The Exchange Notes will be issued only upon cancellation of a like amount of currently outstanding Original Notes. Comstock will not receive any proceeds from the exchange offer.

Comstock is making this exchange offer to satisfy its obligations under a registration rights agreement entered into when it issued the Original Notes. Any Original Notes not tendered for exchange in the exchange offer will remain outstanding and continue to accrue interest, and Comstock will have no further obligation to provide for the registration of such notes under the Securities Act, except under certain limited circumstances.

Comstock Resources, Inc. is an independent energy company based in Frisco, Texas engaged in oil and gas acquisitions, exploration and development, and its assets are primarily located in Texas, Louisiana and North Dakota. The Company's stock is traded on the New York Stock Exchange under the symbol CRK.

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