KWCH12 Kansas A day after oil markets crashed with the need for production down, the economy at a standstill and companies with nowhere to store their unused oil, Eyewitness News … Read More
National Marginal Oil & Gas Producer Group Elects New Leader
OKLAHOMA CITY, Oklahoma, April 20, 2020 – The National Stripper Well Association (NSWA) recently elected Dick Schremmer of Haysville, Kansas to serve as its 2020-2021 chairman during their 2020 April … Read More
World Oil analysis: Texas Railroad commissioners face difficult decision on prorationing
Kurt Abraham | World Oil The special open meeting on potential prorationing, held by the Railroad Commission of Texas (RRC) on Tuesday, was an event for the ages—a truly historic … Read More
What To Do After Your PPP Loan Is Approved
Kansas Independent Oil & Gas Association hosted a webinar about everything you need to know about the Paycheck Protection Program. They covered topics such as: When do I take my … Read More
Interest Deductibility CARES Act
The cap was raised from allowing 30% of interest payments to be deducted in the year in which occurred to 50%. The effective date for this change means it applies … Read More
Net Operating Loss (NOL) Provisions CARES Act
The CARES Act implemented numerous changes regarding Net Operating Losses. It allows for a 5 year carry back. The effective date for this change means the change applies to the … Read More
CARES Act Money Bookmarked for Oil & Gas
17 GOP senators are urging The Honorable Steven Mnuchin, Secretary of the Treasury, to ensure some of the $500 billion in Treasury loans from the CARES Act goes to oil … Read More
Emergency Paid Leave Programs
On April 1, the U.S. Department of Labor (DOL) announced new action regarding how “American workers and employers will benefit from the protections and relief” offered by the Emergency Paid … Read More
Chaos and scrambling in the US oil patch as prices plummet
Cathy Bussewtiz | AP News NEW YORK (AP) — In Montana, a father and son running a small oil business are cutting their salaries in half. In New Mexico, an … Read More
2020 VISION: Fueled by a price war and a virus pandemic, the oil business is in crisis
Bruce Campbell | Enid News & Eagle In the midst of what could be the biggest crisis ever in the oil industry, coronavirus COVID-19 is playing a starring role. Earlier … Read More