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

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 ...

SBA Disaster Loan Program

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

Investigating Anti-dumping from Saudi Arabia & Russia

US Senator Jim Inhofe (R- OK) has submitted a letter to the Department of Commerce, signed by nine other oil and gas ...

Legislative Reports

Tentative Agreement on Additional Funding for PPP

Aindriu Colgan | NSWA Vice President, Governmental Affairs Tentative Agreement on Additional Funding for PPP Late ...

OPEC+ Agree to Cut Production

Aindriu Colgan | NSWA Vice President, Governmental Affairs OPEC+ Agree to Cut Production Last Thursday, a marathon ...

Washington Works to Solve Historically Low Oil Prices

Aindriu Colgan | NSWA Vice President, Governmental Affairs President Trump Meets with Oil Executives President Trump ...

President Signs Third Coronavirus Relief Bill

Aindriu Colgan | NSWA Vice President, Governmental Affairs   Last week,  President Trump officially signed the ...