News

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 into law by the President on March 27, 2020. The Act ... Read More ...

Monthly Lease Analysis Spreadsheet

This monthly lease analysis is a helpful tool that can be adapted for each owner to project income & expense for each lease at the beginning of the month.  Download ... Read More ...

Oil Pain Spreads Beyond Permian to Small Towns Across America

(Bloomberg) — The oil market turmoil sparked by Saudi Arabia and Russia is threatening U.S. jobs even in Cut Bank, Montana, and Magnolia, Arkansas — relatively obscure communities in the ... Read More ...

President Signs Third Coronavirus Relief Bill

Aindriu Colgan | NSWA Vice President, Governmental Affairs   Last week,  President Trump officially signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act (Public Law 116-136) into law, following passage by the House earlier in ... Read More ...

Paycheck Protection Program

Under the CARES Act, the Small Business Administration is offering The Paycheck Protection Program. The program is offering small loans on favorable terms for payroll necessities. It is intended to: ... Read More ...

Royalty Relief Letter

With the low price of oil and the COVID-19 pandemic directly affecting oil producers’ ability to operate profitably, many producers are reaching out to royalty owners asking for their cooperation during these times. That could include a temporary reduction in ... Read More ...

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 investigating economic warfare actions by Saudi Arabia and Russia against the United States. This action is ... Read More ...

Summary of the Coronavirus Aid, Relief and Economic Security (CARES) Act (Senate Substitute Amendment to H.R. 748)

Aindriu Colgan | NSWA Vice President, Governmental Affairs After countless hours of negotiation between Congressional leaders and the White House, a final deal on the third coronavirus-related bill was reached ... Read More ...

SBA Disaster Loan Program

This information is correct as of 3/23/2020 Anyone interested in applying for this program will apply directly with the SBA. This loan program is NOT being funneled through Banks like ... Read More ...

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 state U.S. Senators, asking them to begin investigating ... Read More ...

Energy Sector Considered Essential Critical Infrastructure

CISA released the following memorandum on March 19, 2020 As the Nation comes together to slow the spread of COVID-19, on March 16th, the President issued updated Coronavirus Guidance for ... Read More ...

Oil-producing U.S. states to lose revenue as crude prices collapse

Liz Hampton, Jennifer Hiller | Reuters Alaska, New Mexico and other states that benefited most from the nation’s energy boom may soon need to patch holes in their budgets due ... Read More ...