We work with E&P Operators to find solutions to funding their Asset Retirement Obligations.
As energy industry transitions, energy companies re-evaluate their current Asset Retirement Obligations (AROs). AROs are liabilities that are equal to the present value of the expected cost of retirement/remediation. However, the actual expenses of the AROs are often more than the original estimate. Additionally, the costs were assumed to come due in 10 to 15 years and with a more favorable economy. These deficits are significant and many companies cannot fund them.
We work with companies to help them find low cost and responsible solutions. Our approach relies on our industry expertise, knowledge, and data. We have built wells and understand the intricacies of plugging them safely and securely. We understand these are not one-size-fits-all and we utilize our vast amounts of data and data analytics to help streamline services and identify risks.