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North Dakota Petroleum Council

Long-duration P&A assurance, built for how obligations actually work

OneNexus is a financial assurance platform built for energy operators facing growing decommissioning liabilities. WellSecure™ delivers an asset-based surety solution that eliminates collateral and letter-of-credit requirements — designed to satisfy regulatory obligations while protecting operators, investors, and landowners across the full life of the asset.

Why structure matters for long-duration obligations

Most financial assurance instruments were designed for short-duration or contingent risks. P&A obligations are neither. They are inevitable, long-dated, and often cross multiple ownership cycles. The assurance behind them should be built accordingly.

Capital-efficient

No collateral posting required — frees credit capacity for operations and growth

Transferable

Coverage travels with the obligation through ownership change — no replacement required at closing

Regulatory acceptance

Treasury-listed surety bonds issued by Travelers — accepted by state regulators as qualified financial assurance

Bankruptcy-remote

Legally ring-fenced reserves, accessible regardless of operator insolvency

Who this is relevant for
  Operators with material ARO seeking capital-efficient compliance
  PE-backed energy companies managing toward an exit
  Non-operating working interest partners with proportional P&A exposure
  Buyers and sellers in asset transactions with P&A obligations attached
  Brokers and advisers placing specialty assurance for E&P clients
  Landowners and surface owners seeking structural assurance of remediation

Talk to OneNexus

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Contact for more information
Pat Nickodemus