Comstock Resources (CRK) falters on drilling budget

Comstock Resources, Inc. (NYSE: CRK) shares stepped back 8% to $6.30, on announced that it has budgeted $307 million in 2015 for its drilling and completion activities. In response to low oil prices, the Company plans to suspend its oil directed drilling activity in its Eagle Ford shale properties in South and East Texas and in the Tuscaloosa Marine shale in Mississippi. Share volume totaled 1.4 million, compared to an all-day average of 562,000