Great Britain’s recent exit from the EU sent shockwaves through the global economy, but rig counts are up and the Henry Hub closed in on $3 before dropping off Friday. Oil prices haven’t fared quiet as well since our last report, dipping well below $50/bbl before a slight rebound to close out the week. In Appalachia, the royalty legislation dealing with post-production costs made its way back into the news; the unconventional half of Chapter 78 survived a bill that killed regulations targeting the conventional industry; and courts in West Virginia and Ohio grapple with various lease disputes. Elsewhere, the Obama Administration re-upped PHMSA while courts in other plays around the country have been busy dealing with various issues ranging…
