Low Oil Prices & COVID-19

Economic resources and information for marginal well producers during these unprecedented times.

NSWA knows that these are hard times for marginal well producers. With updates coming every day concerning low oil prices & COVID-19, NSWA is working hard to keep you informed! Below is a list of resources to aid your business during these unprecedented times.

Economic Resources

Forgiveness Application for the Paycheck Protection Program

May 19, 2020

On Friday, May 15, the SBA released its official application for PPP loan forgiveness. The application has ...

What To Do After Your PPP Loan Is Approved

April 15, 2020

Kansas Independent Oil & Gas Association hosted a webinar about everything you need to know about the Paycheck ...

Interest Deductibility CARES Act

April 13, 2020

The cap was raised from allowing 30% of interest payments to be deducted in the year in which occurred to 50%. The ...

Net Operating Loss (NOL) Provisions CARES Act

April 13, 2020

The CARES Act implemented numerous changes regarding Net Operating Losses. It allows for a 5 year carry back. The ...

CARES Act Money Bookmarked for Oil & Gas

April 13, 2020

17 GOP senators are urging The Honorable Steven Mnuchin, Secretary of the Treasury, to ensure some of the $500 billion ...

Emergency Paid Leave Programs

April 6, 2020

On April 1, the U.S. Department of Labor (DOL) announced new action regarding how “American workers and ...

New Paid Leave Requirement

April 2, 2020

Starting April 1, 2020, businesses with fewer than 500 employees will need to provide employees with paid time off for� ...

Employee Retention Credit

April 2, 2020

The Treasury Department’s Employee Retention Credit program launched this week. The program is designed to encourage ...