v3.25.2
COMMITMENTS AND CONTINGENCIES
6 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

(3) COMMITMENTS AND CONTINGENCIES

In August 2024, the Company entered into two agreements for two new drilling rigs, one with a three-year term and one with a one-year term. Comstock took delivery of the rigs in January 2025 and April 2025, respectively. The drilling rig with a three-year term is capitalized as a right-of-use lease asset on the Company's consolidated balance sheet and the drilling rig with a one-year term has a remaining commitment of $9.6 million.

From time to time, the Company is involved in certain litigation that arises in the normal course of its operations. The Company records a loss contingency for these matters when it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. The Company does not believe the resolution of these matters will have a material effect on the Company's financial position, results of operations or cash flows and no material amounts are accrued relative to these matters at June 30, 2025 or 2024.