Information about COVID-19 grants, loans and programs

About the Grant

The COVID-19 Oil, Gas and Mining grant provides $5 million to help Utah energy businesses. Qualifying companies that have incurred expenses or are operating at a net loss due to the public health emergency related to the COVID-19 pandemic are eligible to participate in this grant program.

In collaboration with the Governor’s Office of Energy Development, GOED has developed program eligibility and criteria. Applications for the OGM grant open on Sept. 15, 2020.

Qualifications

Businesses must:

  • Be substantially involved in the extraction of oil, gas, or minerals in Utah or directly provides services to oil, gas, or mining businesses in Utah
  • Have experienced a Utah revenue decline related to COVID-19
  • Have employees physically located in Utah
  • Have fewer than 250 full-time equivalent Utah employees
  • Establish that the use of funds will benefit Utah’s economy

Required Documentation

  • A completed and signed W-9
  • A Profit & Loss statement for March to June 2019 for Utah operations if the business began operating before July 1, 2019; or a February 2020 Profit & Loss statement for Utah operations if the company began operating on or after July 1, 2019
  • A Profit & Loss statement for Utah operations from March to June 2020

Award Calculation

Oil, Gas, and Mining grant amounts will be awarded based on:

Apply

9/18/20 3 p.m. update: We have reached the $5 million Oil, Gas and Mining grant capacity. No more funds are currently available. We will complete processing existing applications, notify grant recipients, and complete contracts in the coming days.

Completed applications are accepted on a first-come, first-served basis. The application process will remain open until all grant funds are used. A request for a grant is not a guarantee of funding.

Please email goedsupport@utah.gov to answer any program questions.

Frequently Asked Questions

 

I HAVE NOT RECEIVED A CASE NUMBER AS DIRECTED, WHAT CAN I DO?

Our system will not validate an application if the captcha was not correctly validated. We have noticed an error with some web browsers. We advise clearing your cache and your cookies, and updating your web browser. Google Chrome is recommended in this instance. We also advise against using a mobile device.

DO I HAVE TO WAIVE MY RIGHTS TO CONFIDENTIALITY AS A BUSINESS?

No. The question regarding the Utah Government Records Access Management Act (GRAMA) relates to your documents submitted in the application process. If you claim business confidentiality your financial documents submitted in the application will be prohibited from release in the event of a record request relating to your application. Claiming business confidentiality will not negatively affect your application.

WHAT GRANT AMOUNTS ARE AVAILABLE AND HOW ARE THE AMOUNTS CALCULATED?

Oil, Gas, and Mining grant amounts will be awarded based on:

  • Revenue decline of 50% or more: the lesser of 75% of revenue decline or $250,000
  • Revenue decline of at least 25% and below 50%: the lesser of 50% of revenue decline or $150,000
  • Revenue decline under 25%: the lesser of 25% of revenue decline or $75,000

HOW DO I SEND YOU MY DOCUMENTS?

To protect the security of your business and its financial documents, we ask you to please only upload your documents to the secure application. You can access the application after our team has verified your business and sent you log in credentials. If you did not submit all the required documentation, your application may be considered incomplete and therefore ineligible.

HOW DO I FIND MY BUSINESS ENTITY NUMBER?

Your business Entity Number is the number you receive when you are registered with the state. You can verify your information by looking up your business here. Providing the correct entity ID and correct business addresses will help our team verify your business much faster.

HOW WILL I FIND OUT IF MY BUSINESS WAS DEEMED ELIGIBLE?

We have a small team of professionals working as hard as they can to verify your eligibility. Once eligibility has been determined, award or denial letters will be sent out. More information on the timelines will be available after we’ve been able to assess the volume of applications.

HOW DO I KNOW IF MY ELIGIBILITY APPLICATION WAS ACCEPTED?

You will receive a case number from a “no-reply” email almost instantly. If you do not receive a case number via email you have likely not submitted for eligibility to our system. Please try again.

IF I APPLIED FOR A GOED INCENTIVE IN THE PAST, CAN I USE THE SAME APPLICATION ACCESS CREDENTIALS?

Yes. If you have applied for another GOED incentive, please use this application link and the same access credentials for your application.

WHAT FILE FORMATS CAN I USE TO UPLOAD THE REQUESTED DOCUMENTS TO MY APPLICATION? IS THERE A SIZE LIMIT?

The preferred file types are .pdf but formats ending in .doc, .jpeg, .xls and .csv are all acceptable. We cannot accept specialized formats such as “.pages.” Please verify your documents are not password protected and are under 5MB.

COMMON MISTAKES APPLICANTS MAKE

  • Failure to provide all required documentation; if a document is unavailable, attach a document stating why
  • Document format:
    • Name documents appropriately
    • Size: Under 5MB each
    • No password-protected documents
    • PDF is the preferred format (Excel or Word is acceptable; no EPUB or files in Mac-based formats)
  • Verify the W-9 is signed, has the correct address and matches the address provided in the application
  • Know your business structure (parent entity is the applicant, DBA or other subsidiaries shouldn’t apply)
  • Carefully read the questions as they may determine your eligibility