XML 22 R11.htm IDEA: XBRL DOCUMENT v3.21.2
RELATED PARTY TRANSACTIONS
 6 Months Ended
Jun. 30, 2021
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
Comstock operates oil and gas properties held by a partnership owned by its majority stockholder. The Company charges the partnership for the costs incurred to drill, complete and produce the wells, as well as drilling and operating overhead fees that are charged other interest owners. Comstock also provides natural gas marketing services to the partnership, including evaluating potential markets and providing hedging services, in return for a fee equal to $0.02 per Mcf for natural gas marketed. The Company received $399 thousand and $810 thousand for the three and six months ended June 30, 2021, and $55 thousand and $379 thousand for the three and six months ended June 30, 2020, respectively, for drilling, operating and marketing services provided to the partnership.
In connection with our operation of the wells, the Company had a $17.8 million receivable from the partnership at June 30, 2021, which was collected in full in August 2021. The Company also had a $10.1 million receivable for the fair market value of oil and natural gas price hedging contracts that were entered into with the partnership.