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CEO, Tony Sanchez, sat down with Houston Public Media for “Houston Matters with Craig Cohen.”
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

Houston Business Journal: OneNexus has to contend with upstream apathy
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
Education + Innovation
The energy transition has highlighted a problem and outlined what must be cleaned up as we transition our current energy infrastructure. Solving this problem will take education, collaboration, and innovation.
In our resources section, we offer answers to commonly asked questions as well as materials and links to the bigger conversation.
Related Articles

OneNexus Provides Breakthrough Solutions to Oil and Gas Operators’ Decommissioning Efforts
OneNexus Forms New Distribution Entity and Names President; Inks Definitive Funding Agreement with Munich Re; Appoints Lockton Companies, LLC as exclusive referral partner

OneNexus Secures Financing From Global Reinsurance Company Munich Re
AA-rated reserve capital backstop uniquely positions OneNexus to finance up to $1.2 billion of energy industry asset retirement obligation

What Happens When an Oil Giant Walks Away
Assets are often sold to operators with less environmental stewardship.

How to stop more wells from becoming orphaned?
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

Common Questions
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 & Gas Magazine: The Guardians of Orphaned Wells
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 Download PDF
Unfunded AROs lead to Orphan wells
Today’s energy sector faces a daunting number of inactive, unplugged non-producing wells along with their associated facilities, presenting a potential trillion-dollar problem for the industry, its investors and stakeholders—and ultimately the U.S. taxpayer. Posing significant environmental risks as sources of methane emissions and groundwater contamination, the impacts of these unplugged wells will continue to grow in magnitude if not addressed. Tackling this issue is an important step toward meeting global greenhouse gas reduction goals. The growing ARO liabilities held on Energy Operators’ balance sheets remain mostly unfunded. If neglected, the number of orphaned wells in the United States will continue to increase, leaving a burden on taxpayers.
OneNexus has designed and developed a unique offering, OneNexus Assurance™, for the energy industry to address the growing problem of unfunded AROs via an insurance-like product.

What is an Asset Retirement Obligation (ARO)?
An ARO is a legal liability that a company carries on its balance sheet to cover the costs of retiring an asset. In oil & gas assets, the ARO includes costs associated with downhole wellbore plugging, removal of all oilfield equipment from the wellsite, and the reclamation and restoration, and cleanup of the surface location.