Program expansion may help oil, gas
May 6, 2020
CASPER – Changes made to a federal lending program last week could open up loans to Wyoming oil and gas firms left reeling from volatile oil prices and low fuel demand during the pandemic.
The Federal Reserve released new guidelines Thursday for its Main Street Lending Program, geared to provide an additional layer of financial relief to small to midsize companies, including some heavily indebted firms with low credit ratings, during the COVID-19 pandemic.
“Wyoming’s oil and natural gas industry is overwhelmingly comprised of small and midsized operators, but some of those were not...