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OneNexus Provides Breakthrough Solutions to Oil and Gas Operators’ Decommissioning Efforts

Press ReleaseDecember 5, 20221KViews 0Likes 0Comments

OneNexus Forms New Distribution Entity and Names President; Inks Definitive Funding Agreement with Munich Re; Appoints Lockton Companies, LLC as exclusive referral partner

How to stop more wells from becoming orphaned?

ResourceDecember 17, 2021796Views 0Likes 0Comments

By guaranteeing the asset retirement obligations (AROs) are met. OneNexus allows companies to guarantee their AROs will be met in the future with OneNexus Assurance™. Read more about how unfunded AROs have become a systematic risk to the industry. Oilprice.com: Oil & Gas Investors Are Underestimating This Systemic Risk By Dwayne Purvis, P.E. Thirty-five years…

Common Questions

Orphan Wells, ResourceDecember 1, 20211KViews 0Likes 0Comments

What is an asset retirement obligation (ARO)? This is the legal liability that a company carries on its balance sheet to cover the costs of retiring an asset. In an oil and gas asset, this includes decommissioning the well by properly plugging it downhole, removing surface equipment, and reclaiming the area back to its natural…

Abandoned wells are a huge climate problem

The United States has more abandoned wells than we thought The number of abandoned oil and gas wells in the United States is much higher than previously thought, according to an exclusive analysis shared with The Climate 202. The analysis, which was done by the Environmental Defense Fund and McGill University, found that there are 81,283 documented…

Cleanup of abandoned oil and gas wells could cost Texans $117 billion

Plugging and cleaning up the open oil and gas wells in Texas could cost companies and taxpayers as much as $117 billion, according to a new report. Carbon Tracker, a nonprofit financial think tank that studies the effects of climate change on financial markets, estimates there are some 3.8 million unplugged oil and gas wells nationally, including…

Houston Public Media: Houston Matters with Craig Cohen, and CEO, Tony Sanchez

News, OneNexus NewsNovember 9, 20211KViews 0Likes 0Comments

Our CEO, Tony Sanchez, sat down with Houston Public Media for "Houston Matters with Craig Cohen." They discussed the problem of orphaned oil and gas wells and how OneNexus plans to safely and responsibly decommission them Listen to the full podcast at Houston Public Media. Listen Here

Houston Business Journal: OneNexus has to contend with upstream apathy

News, OneNexus NewsNovember 8, 20211KViews 0Likes 0Comments

One of the main problems Tony Sanchez III's new company, OneNexus Environmental, has to contend with is simple apathy. OneNexus is looking to take on asset retirement obligations for customers end-of-life oil and gas wells. But companies have been carrying the asset retirement liabilities from their wells on their balance sheets as a normal part of…