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

Payroll Protection Program Updates for the Oil & Gas Industry

Adams Brown Back in June, Congress extended the Payroll Protection Program covered period from eight weeks to 24. ...

Tax Considerations for Oil and Gas in a Low Price

Rob Myatt | Oilman Magazine The COVID-19 pandemic has put many oil and gas companies in financially difficult. ...

Forgiveness Application for the Paycheck Protection Program

On Friday, May 15, the SBA released its official application for PPP loan forgiveness. The application has ...

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 ...

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 ...

Net Operating Loss (NOL) Provisions CARES Act

The CARES Act implemented numerous changes regarding Net Operating Losses. It allows for a 5 year carry back. The ...

CARES Act Money Bookmarked for Oil & Gas

17 GOP senators are urging The Honorable Steven Mnuchin, Secretary of the Treasury, to ensure some of the $500 billion ...

Emergency Paid Leave Programs

On April 1, the U.S. Department of Labor (DOL) announced new action regarding how “American workers and ...

Legislative Reports

Clean Energy/Anti Oil and Gas Tax Bill Advances

The Senate Finance Committee Chairman Ron Wyden (D-OR) has reported the Clean Energy for America Act to the full. ...

Congressional Oversight on Biden Plan Increases/GOP Offers Plan

Chris Kearney | NSWA Vice President, Governmental Affairs Committees in both the House and Senate continue to hold ...

President Biden’s FY 2022 Budget

Chris Kearney | NSWA Vice President, Governmental Affairs The  Biden Administration has released its initial – ...

Potential Congressional Action on Methane Rule

Chris Kearney | NSWA Vice President, Governmental Affairs With the support of Majority Leader Sen. Chuck Schumer (D), ...