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

Employee Retention Credit

April 2, 2020

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

CARES Act: Shumaker Legal & Legislative Summary

April 1, 2020

The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act has passed the Senate, the House, and has been signed ...

Monthly Lease Analysis Spreadsheet

March 31, 2020

This monthly lease analysis is a helpful tool that can be adapted for each owner to project income & expense for ...

Paycheck Protection Program

March 27, 2020

Under the CARES Act, the Small Business Administration is offering The Paycheck Protection Program. The program is ...

Royalty Relief Letter

March 27, 2020

With the low price of oil and the COVID-19 pandemic directly affecting oil producers’ ...

Investigating economic warfare actions by Saudi Arabia and Russia

March 26, 2020

Six U.S. Senators submitted a letter to The Honorable Mike Pompeo at the Secretary of State, asking him to begin ...

Summary of the Coronavirus Aid, Relief and Economic Security (CARES)

March 26, 2020

Aindriu Colgan | NSWA Vice President, Governmental Affairs After countless hours of negotiation between Congressional ...

SBA Disaster Loan Program

March 25, 2020

This information is correct as of 3/23/2020 Anyone interested in applying for this program will apply directly with ...