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In partnership with
WellSecure™ helps operators satisfy well plugging, abandonment, and financial assurance requirements — without tying up capital or posting collateral.
An educational resource for PAW members exploring alternatives to letters of credit and cash bonding for long-term well obligations.
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Backed by financial strength, regulatory oversight, and established partners
Operators face growing pressure to secure long-term plugging, abandonment, and decommissioning obligations. The tools most commonly used to satisfy these requirements can lock up cash, create renewal uncertainty, and add friction to asset transactions.
WellSecure™ is an asset-based surety solution designed for long-duration well decommissioning liabilities. It helps operators meet financial assurance requirements while improving capital efficiency — without collateral.
Reduce reliance on letters of credit and cash bonds, and free trapped capital for operations and growth.
Designed for durable financial assurance tied to decommissioning obligations across the full life of the asset.
Supports asset sales, ownership changes, and liability clarity — without renegotiation at closing.
Structured around real-world plugging, abandonment, and decommissioning requirements.
Explore a capital-efficient approach to long-term decommissioning assurance.
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