News

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 ...

The U.S. hits a new milestone in net petroleum exports

Ben Gman | Axios The U.S. has been a net exporter of petroleum products for a consecutive four weeks on a four-week average basis, per Energy Information Administration data released Wednesday. ... Read More ...

Another Successful DC Fly-In

NSWA representatives from Oklahoma, Kansas, Texas, and California just completed a whirlwind two-day tour of the Capitol defending percentage depletion in Washington D.C. September 24-25. The group met with Republican ... Read More ...

November Election

In November, Democrats released a discussion draft of their green tax bill, the GREEN Act. It’s a sweeping energy tax bill that renews expired energy credits, creates new credits and incentives, and converts the investment tax credit and production tax credit into refundable credits. ...

National Resolution Opposing Sen. Sanders’ Climate Plan Passed

The Interstate Oil and Gas Compact Commission (IOGCC) passed a resolution introduced by Railroad Commission of Texas chairman Wayne Christian urging the federal government to oppose presidential candidate and U.S. ... Read More ...