OneNexus Environmental Launches in Partnership with BlackGold Capital Management to Remedy Aging Oil & Gas Well Infrastructure

July 12, 2021

Willkie acted as counsel to OneNexus Environmental Founder & CEO Tony Sanchez.

Willkie acted as counsel to Tony Sanchez III, Founder & former CEO of Sanchez Energy Corporation, in the launch of OneNexus Environmental, a new venture in partnership with BlackGold Capital Management LP. OneNexus Environmental is a financial technology energy company created as a first-of-its-kind full platform for solving the environmental and financial problem of providing and planning for the management of energy company Asset Retirement Obligations (AROs) related to the decommissioning of the rapidly growing backlog of non-producing and orphaned oil & gas wells.

OneNexus Environmental was created to help oil & gas companies systematically and responsibly manage their AROs and decommissioning activities. The new venture was started by a network of seasoned energy industry and financial experts to serve as an Environmental, Social and Governance (ESG) solutions provider utilizing a fintech model to solve the complex problem of decommissioning uncapped onshore and offshore wells in a safe, reliable and cost-effective manner. Headquartered in Houston, Texas, OneNexus Environmental is a Benefit Company whose purpose is to address the mounting number of inactive and orphaned wells which contribute to greenhouse gas emissions and financial liabilities of the energy industry.

The Willkie deal team was led by partner Michael Piazza and included partner Robert Jacobson and associate Jake Volz.