Dino Grandoni | Washington Post Robert Sullivan Jr., an independent Tulsa-based oil producer who once served as Oklahoma’s energy secretary, took comfort in Hunter’s comments. “Oklahoma has been a very … Read More
We’ve been through tough times before
Edward Cross | Kansas Independent Oil & Gas Association As we advance through these challenging times, it has been impressive to me over the last few months, to see how … 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
‘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
Interest Deductibility CARES Act
The cap was raised from allowing 30% of interest payments to be deducted in the year in which occurred to 50%. The effective date for this change means it applies … Read More