OneNexus
The OneNexus team leverages years of experience in petroleum engineering, procurement, construction, finance, land leasing, regulatory, and project management as an industry-leading participant in the global transformation to a low-carbon and sustainable energy industry. Our mission at OneNexus is to help prevent the accumulation of new orphaned wells by ensuring that future generations are not left with the financial burden of decommissioning obligations. OneNexus funds remain with the well through divestitures, are considered bankruptcy remote, and can only be accessed for decommissioning. OneNexus funds are held in an insurance company that is licensed and regulated by the Oklahoma Insurance Department. OneNexus has partnered with Munich Re, a AA-rated global insurance company, to ensure that funds will be available when needed. Through our innovative life insurance-like product, WellSecure™, OneNexus has pioneered a secure, sustainable, and prudent method of pre-funding plugging and abandonment (P&A) expenses.
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OneNexus Assurance™ FAQs - OneNexus
Still have a question? Contact us! Does OneNexus take title to the well? If so, who determines when a well is transferred to OneNexus? Yes, OneNexus takes title to the well. The operator shall have the sole and irrevocable right to transfer the title of the asset to OneNexus at any point in time, typically
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Where is OneNexus Environmental located?
The company OneNexus Environmental is located in Houston, Texas, United States. It's worth noting that the company may has more corporate locations
How many employees does OneNexus Environmental approximately have?
As of the latest available information OneNexus Environmental has around 11-50 employees worldwide.
When was OneNexus Environmental founded?
OneNexus Environmental was founded in 2021
In which industries does OneNexus Environmental mainly work?
The company OneNexus Environmental has it's main focus in the industries of Professional Services
What is the current company status of OneNexus Environmental?
Based on the founding year and the amount of employees the company OneNexus Environmental seems to be a Startup at the current state. Note that over time that status can change
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