The national rig count posted another gain since our last report as did the Henry Hub spot price while the Brent Crude and West Texas Intermediate benchmarks landed at $50/bbl after a fairly volatile week. In Appalachia, the West Virginia federal court concluded that a holder of an override isn’t “indispensable” to a dispute over the underlying lease for purposes of subject matter jurisdiction. Elsewhere, a TX federal court denied a bid to dismiss securities claims against BP for public statements about the flow rate of the Deepwater Horizon spill that allegedly defrauded the market, and a Montana court upheld a lease-busting attempt based on late pooling. Here’s your week in review: About The Author