Industry executives, environmental leaders and elected officials are among
those working to plug millions of wells left abandoned throughout the country.
Article by Michelle Thompson
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CRANE, Texas (AP) — Rusted pipes litter the sandy fields of Ashley Williams Watt’s cattle ranch in windswept West Texas. The corroded skeletons are all that remain of hundreds of abandoned oil wells that were drilled long before her family owned the land. The wells, unable to produce any useful amounts of oil or gas,…
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
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WASHINGTON — Jim Walzel doesn’t fit the profile of what most people would think of as a climate denier — a term he rejects.
A chemical engineer who made his money as a pipeline executive, Walzel lives in West University, a Houston enclave populated with academics from nearby Rice University. He points to his COVID-19 vaccination…
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…
Energy Startup Will Play Crucial Role in Helping the Fossil Fuel Industry Proactively Reduce Methane and Other Greenhouse Gas Emissions
HOUSTON--(BUSINESS WIRE)--Oil & Gas industry veteran Tony Sanchez III, Founder & former CEO of Sanchez Energy Corporation, today announced the official launch of OneNexus Environmental. The forward-thinking energy start-up is a financial technology (fintech) energy company…
A public/private jobs program to reduce methane emissions now, plug existing inactive wells and create a new program to prevent orphan wells in the future
Summary: Most agree that the orphan well problem needs to be fixed now, but what about preventing additional wells from becoming orphaned in the future? Proposals in Congress address the…