News

House Votes to Expand PPP

Aindriu Colgan | NSWA Vice President, Governmental Affairs House Votes to Expand PPP Last week, the House of Representatives voted 417-1 to approve bipartisan expansions to the Paycheck Protection Program ... Read More ...

Forgiveness Application for the Paycheck Protection Program

On Friday, May 15, the SBA released its official application for PPP loan forgiveness. The application has four components with accompanying instructions: Loan Forgiveness Calculation Form PPP Schedule A Schedule A worksheet ... Read More ...

‘Orphaned’ oil wells to squeeze state coffers

Zack Colman | Politico The market bust that is expected to trigger a spate of bankruptcies in the oil patch is threatening to leave states holding a massive bill to ... Read More ...

Lawmakers Press Expansions to PPP

Aindriu Colgan | NSWA Vice President, Governmental Affairs Lawmakers Press Expansions to PPP Top Congressional tax writers sent a letter to Treasury Secretary Mnuchin urging his Department to allow businesses to deduct ... Read More ...

Federal Aid Programs Expanded

Aindriu Colgan | NSWA Vice President, Governmental Affairs Federal Aid Programs Expanded Eligibility for two federal aid programs were significantly expanded last week. Yet, despite Treasury Secretary Mnuchin’s insistence that ... Read More ...

Additional Funding for PPP

Aindriu Colgan | NSWA Vice President, Governmental Affairs Additional Funding for PPP Last week Congress passed a fourth coronavirus relief bill, dubbed “COVID 3.5,” to replenish the Paycheck Protection Program, which had become ... Read More ...

Tentative Agreement on Additional Funding for PPP

Aindriu Colgan | NSWA Vice President, Governmental Affairs Tentative Agreement on Additional Funding for PPP Late Sunday night, lawmakers and the White House came to a tentative agreement on additional funding for ... Read More ...

‘I’m just living a nightmare’: Oil industry braces for devastation

New York Times Workers at Marathon Petroleum’s refinery in Gallup, New Mexico, are turning off the valves. Oil companies in West Texas are paying early termination fees to contract employees ... Read More ...

President of local oil, gas producer optimistic in price turnaround sooner than expected

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 ...