Exhibit 99.1

(Logo Omitted)                         5300 Town and Country Blvd., Suite 500
                                       Frisco, Texas 75034
                                       Telephone:   (972) 668-8800
                                       Contact: Roland O. Burns
                                       Sr. Vice President and
                                       Chief Financial Officer
                                       Web Site:   www.comstockresources.com



NEWS RELEASE

For Immediate Release


                   COMSTOCK RESOURCES, INC. ENTERS INTO LETTER
                     OF INTENT TO ACQUIRE DEVX ENERGY, INC.


FRISCO,  TEXAS, October 22, 2001 -- Comstock Resources,  Inc. ("Comstock" or the
"Company")(NYSE:CRK)  and DevX Energy,  Inc. ("DevX")  (Nasdaq:  DVXE) announced
today that they have entered into a letter of intent which provides for Comstock
to offer to purchase all of the  outstanding  shares of DevX's  common stock for
cash in the amount of $7.32 per share. The acquisition is subject to negotiation
and execution of a definitive  agreement  and approval by Comstock's  and DevX's
board of directors.

DevX is an  independent  energy  company  based in Dallas,  Texas engaged in the
exploration,  development and acquisition of oil and gas properties.  DevX's oil
and gas  properties  are  located  onshore  primarily  in East and South  Texas,
Kentucky, Oklahoma and Kansas.

"DevX's oil and gas reserves  are  primarily  natural gas,  have a long life and
have low lifting  costs",  stated M. Jay Allison,  President and Chief Executive
Officer of Comstock.  "The  acquisition of DevX will complement our existing oil
and gas reserve  base and balance our onshore  reserve  growth with our offshore
reserve growth which is driven by our successful offshore exploration program."

Investors  and  security  holders are  strongly  advised to read both the tender
offer  statement  and the  solicitation/recommendation  statement  regarding the
tender  offer  referred to in the press  release,  when they  become  available,
because they will contain important  information.  If a definitive  agreement is
signed, the tender offer statement will be filed by Comstock with the Securities
and Exchange  Commission and the  solicitation/recommendation  statement will be
filed  by DevX  with the  Securities  and  Exchange  Commission.  Investors  and
security holders may obtain a free copy of these statements (when available) and
other documents filed by Comstock and DevX at the SEC's web site at www.sec.gov.

This press  release may  contain  "forward-looking  statements"  as that term is
defined in the Private Securities Litigation Reform Act of 1995. Such statements
are based on management's  current  expectations  and are subject to a number of
factors and uncertainties  which could cause actual results to differ materially
from those described herein. Although the Company believes that the expectations
in such  statements  to be  reasonable,  there  can be no  assurance  that  such
expectations will prove to be correct.

Comstock  Resources,  Inc.  is a growing  independent  energy  company  based in
Frisco,  Texas  and is  engaged  in oil and gas  acquisitions,  exploration  and
development primarily in Texas,  Louisiana and the Gulf of Mexico. The company's
stock is traded on the New York Stock Exchange under the symbol CRK.