PennEnergy's Daily Petroleum Update 12/23

Today's Headlines

Comstock quits Tuscaloosa play on falling oil prices Company officials said they also will shut down four rigs drilling for oil in the Eagle Ford shale formation in Texas, but will continue natural gas operations there. …more>>

Hopes, fears, doubts surround Cuba's oil and gas future A Cuban oil boom is unlikely anytime soon because of low oil prices and far better drilling opportunities elsewhere. …more>>

Senegal offshore exploration drilling program completed for Cairn Cairn and its Joint Venture partners have completed operations on the SNE-1 well in Senegal and plans are now underway to appraise the discovery next year. …more>>

Natural gas futures drop in December Natural gas futures fell on the New York Mercantile Exchange by 6 cents to stop at $3.642 per million British thermal units. …more>>

Hawaii Gas wants to increase liquefied natural gas shipments into state In an effort to reduce Hawaii's dependence on oil and lower energy costs, Hawaii Gas wants to increase its shipments of natural gas into the state. …more>>

US oil and gas rig count down 18 to 1,875 Of the major oil- and gas-producing states, Arkansas gained three rigs, Kansas and New Mexico each rose by two and Alaska and Pennsylvania were up one apiece. …more>>

State approves controversial oil and gas drilling permit in St. Tammany The department posted a notice on its website saying it had approved the permit for a vertical well about 2 ½ miles deep. …more>>

Bright future ahead for UK offshore, says government adviser Former Wood Group chairman Sir Ian Wood believes that the fortunes of the UK North Sea industry will improve by 2016. …more>>