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

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 ...

New Paid Leave Requirement

Starting April 1, 2020, businesses with fewer than 500 employees will need to provide employees with paid time off for ...

Employee Retention Credit

The Treasury Department’s Employee Retention Credit program launched this week. The program is designed to encourage ...

Legislative Reports

Coronavirus Relief Update

Aindriu Colgan | NSWA Vice President, Governmental Affairs House Democrats and Senate Republicans remain far apart on ...

Coronavirus Relief Update

Aindriu Colgan | NSWA Vice President, Governmental Affairs Coronavirus Relief Update The window for applying for small ...

House Votes to Expand PPP

Aindriu Colgan | NSWA Vice President, Governmental Affairs House Votes to Expand PPP Last week, the House of ...

Lawmakers Press Expansions to PPP

Aindriu Colgan | NSWA Vice President, Governmental Affairs Lawmakers Press Expansions to PPP Top Congressional tax ...