About half of the top 60 independents could face bankruptcy this year.
$3 billion measure would replace purchase struck from the stimulus bill.
Wyoming governor recently signed a bill to help oil and gas producers reduce severance and conservation taxes.
Trump said April 2 he had brokered a deal between Russia and Saudia Arabia, but made no offer to reduce U.S. output, and benchmark Brent oil futures surged 21% in a record one-day rise. Here are analysts’ views on the deal.
The U.S. Department of Energy has withdrawn a solicitation to purchase oil for the Strategic Petroleum Reserve citing a lack of certainty around funding.
The economic fallout of the outbreak combined with a price war between major oil producer nations Saudi Arabia and Russia has triggered a slump in crude oil prices that threatens the once booming U.S. drilling industry.
In a letter seen by Reuters, Iraq's oil minister asked OPEC Secretary-General Mohammad Barkindo to help "urgently achieve" extraordinary meetings of the OPEC+ group.
The credit can be a significant source of cash and key to funding expensive innovation projects.
The report from the American Petroleum Institute (API) underscores mounting concern in the U.S. oil and gas industry over the possibility a Democratic candidate will rapidly end the fossil fuel economy.