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

New Paid Leave Requirement

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

Employee Retention Credit

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

CARES Act: Shumaker Legal & Legislative Summary

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

Monthly Lease Analysis Spreadsheet

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

Paycheck Protection Program

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

Royalty Relief Letter

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

Investigating economic warfare actions by Saudi Arabia and Russia

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)

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

Legislative Reports

Coronavirus Relief Update November 2, 2020

Chris Kearney | NSWA Vice President, Governmental Affairs On again-off again discussions between Treasury Secretary ...

Coronavirus Relief Update October 2, 2020

Aindriu Colgan | NSWA Vice President, Governmental Affairs Despite a flurry of meetings between Treasury Secretary ...

Coronavirus Relief Update September 2, 2020

Aindriu Colgan | NSWA Vice President, Governmental Affairs Lawmakers are scheduled to return to the Capitol after ...

Coronavirus Relief Update August 11, 2020

Aindriu Colgan | NSWA Vice President, Governmental Affairs After two weeks of almost daily meetings, negotiations on ...