Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Government & Regulatory | Oil & Gas Prices

White House Considering Federal Aid for Oil & Gas Companies

emailEmail    |    printPrint    |    bookmarkBookmark
   |    Wednesday,March 18,2020

The White House is said to be considering providing federal assistance to oil and gas companies affected by the sharp downturn in commodity prices, according to a report by The Washington Post.

Four people familiar with the matter have said that the assistance offered will likely be low-interest government loans.

Such a move would help cushion the operators that are grappling with the oil price war coupled with the worldwide industry instability spurred by the COVID-19 pandemic.

Most have responded by cutting spending plans for 2020, executive salaries or initiating job cuts in an effort to survive amidst market uncertainty.

Related Categories :

Government & Regulatory   

More    Government & Regulatory News

United States News >>>