Q1 2026 Earnings Calls: Comstock Q1 Production Down 15% vs. Year Ago, Maintains CY 2026 Guidance
On its Q1 2026 earnings call held May 6, Comstock Resources reported first-quarter production averaged 1,088 MMcfe/d, down 15% vs.
On its Q1 2026 earnings call held May 6, Comstock Resources reported first-quarter production averaged 1,088 MMcfe/d, down 15% vs.
The war-related loss of LNG export capacity in Qatar suggests that existing and planned LNG export terminals along the U.S. Gulf Coast will be running flat-out over the next few years, and that the Texas/Louisiana region will need even more natural gas storage capacity than previously figured.
Haynesville natural gas output rebounded in late March as pipeline maintenance eased, lifting production above 16 Bcf/d—the basin’s strongest monthly average since mid-2023.
Although intermittent flow disruptions will continue through spring due to ongoing maintenance, supply fundamentals remain strong. Gulf Run Pipeline has finished work on its western segment, restoring affected Texas volumes, but compressor station maintenance could still affect flows through April.
March production averaged 16.1 Bcf/d, up 0.2 Bcf/d month over month, and the basin is poised to set new record highs soon, supporting rising Gulf Coast LNG feedgas demand.
“Location, location, location” doesn’t just apply to residential and commercial real estate. It also holds true for natural gas storage, which is in high-and-rising demand along the Texas/Louisiana border, where a slew of new LNG export capacity is coming online — new gas-fired power plants, too.
The world is hungry for more natural gas. But where will it come from and what are the biggest issues facing the market? Those are among the major questions addressed at GasCon 2026 and the focus of today’s RBN blog.
New and expanded natural gas storage facilities near the Texas/Louisiana border are coming online and being planned, mostly in response to the ongoing buildout of LNG export capacity along the Gulf Coast and new gas pipelines to those terminals.
New LNG export capacity near the Texas/Louisiana border, rising natural gas production in the Haynesville (and the West Haynesville), and new pipelines transporting that gas south to the Gulf Coast have spurred a lot of interest in gas storage — and storage developers are responding.
Northeast Texas is increasingly a key conduit for natural gas supply pushing toward rising Gulf Coast LNG demand. The region’s supply is poised to surge over the next decade, driven by new inflows from the Permian and rising local production, including from the emerging Western Haynesville play.
The next four years will reshape the future of North America’s natural gas market. LNG exports are set to surge as new terminals across the U.S., Canada and Mexico come online, causing ripple effects through global energy trade and fueling new demand from Europe and Asia.
A significant gain in the Haynesville drove U.S. rig count higher for the week ending February 6, climbing to 551 according to Baker Hughes data. The Haynesville added six rigs on the week to reach a multi-year high of 64 rigs.