By Colter Cookson With associated natural gas from tight oil plays keeping a lid on gas prices, operators of all sizes are dedicating their capital to oil-rich projects. In contrast, Comstock Resources is adopting a contrarian "pure play" strategy by building its entire operation on dry gas in the Haynesville Shale. "We are bullish on natural gas," says M. Jay Allison, Comstock's chairman and chief executive officer. "One of the biggest reasons is liquefied natural gas. The United States already exports more than 7 billion cubic feet of gas a day as LNG. Export terminals now under construction will increase that capacity by 12 Bcf/d, and other terminals that have been approved but not yet built could add 14 Bcf/d eventually." Allison points out that almost all the approved export terminals are along the Gulf Coast and therefore near the Haynesville. "It is the premier play for natural gas demand growth," he asserts. "It will take time for that demand to materialize, but it will come." 42 THE AMERICAN OIL & GAS REPORTER