COMSTOCK RESOURCES, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS As of December 31, 2012 and 2013 December 31, 2012 2013 (Inthousands) ASSETS Cash and Cash Equivalents ..................................................... $ 4,471 $ 2,967 Accounts Receivable: Oil and gas sales ........................................................... 34,673 35,867 Joint interest operations ..................................................... 5,608 15,534 Marketable Securities ......................................................... 12,312 — Assets of Discontinued Operations ............................................... 7,568 — Derivative Financial Instruments ................................................ 11,651 970 Other Current Assets .......................................................... 3,617 1,796 Total current assets ......................................................... 79,900 57,134 Property and Equipment: Unevaluated oil and gas properties ............................................. 112,851 134,350 Oil and gas properties, successful efforts method ................................. 3,373,695 3,781,313 Other .................................................................... 18,628 18,373 Accumulated depreciation, depletion and amortization ............................. (1,546,487) (1,867,301) Net property and equipment ................................................ 1,958,687 2,066,735 Assets of Discontinued Operations ............................................... 511,366 — Other Assets ................................................................ 19,944 15,529 $ 2,569,897 $ 2,139,398 LIABILITIES AND STOCKHOLDERS’ EQUITY Accounts Payable ............................................................ $ 67,798 $ 101,872 Deferred Income Taxes Payable ................................................. 5,340 339 Current Income Taxes Payable .................................................. — 1,487 Accrued Expenses ............................................................ 37,001 91,297 Liabilities of Discontinued Operations ............................................ 33,280 — Total current liabilities ...................................................... 143,419 194,995 Long-term Debt .............................................................. 1,324,383 798,700 Deferred Income Taxes Payable ................................................. 149,901 177,026 Reserve for Future Abandonment Costs ........................................... 16,387 14,534 Other Non-Current Liabilities ................................................... 2,273 2,138 Total liabilities ............................................................ 1,636,363 1,187,393 Commitments and Contingencies Stockholders’ Equity: Common stock—$0.50 par, 75,000,000 shares authorized, 48,408,734 and 47,680,516 shares issued and outstanding at December 31, 2012 and 2013, respectively .......... 24,204 23,840 Additional paid-in capital .................................................... 480,595 480,816 Accumulated other comprehensive income ...................................... 4,418 — Retained earnings .......................................................... 424,317 447,349 Total stockholders’ equity ................................................. 933,534 952,005 $ 2,569,897 $ 2,139,398 The accompanying notes are an integral part of these statements. F-3