Remove 2021 Remove E&A Remove Shutdown
article thumbnail

Top 10 Labor and Employment Issues in Bankruptcy

The Energy Law

In the world of oil and gas, there are a lot of companies with debt maturities coming due in 2020 or 2021 ( see this article from the Wall Street Journal discussing the $120 billion debt wall these companies will face through 2023), and oil prices have been below the break-even point for many drilling sites.

E&A 52
article thumbnail

Top 10 Labor and Employment Issues in Bankruptcy

The Energy Law

In the world of oil and gas, there are a lot of companies with debt maturities coming due in 2020 or 2021 ( see this article from the Wall Street Journal discussing the $120 billion debt wall these companies will face through 2023), and oil prices have been below the break-even point for many drilling sites.

E&A 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Liskow & Lewis CARES Act Tax Analysis – Part II

The Energy Law

For eligible employers with an average of less than 100 employees during 2019, wages qualify for the credit if paid to employees for any period of time where the business is subject to a shutdown order or for any quarter with reduced gross receipts as described above – regardless of whether the employees continue to provide services to the employer.

article thumbnail

EPA’s Shifting Guidance on Startup, Shutdown, and Malfunction Defenses in State Implementation Plans and Its Effect in Louisiana

The Energy Law

On September 30, 2021, the EPA once again signaled a policy change on what provisions a state can include in its Clean Air Act State Implementation Plan (“SIP”) for exemptions and affirmative defenses during periods of startup, shutdown, and malfunction (“SSM”). 2015 SSM SIP Policy. 33840 (June 12, 2015). LAC 33:III.507.J.1.