OneNexus Announces New “Insurance” Policy for Plugging O&G Wells
An innovative financial solutions company based in Houston, TX, called OneNexus, just announced a new “insurance” plan for drillers called WellSecure that will pay out money to plug an old oil or gas well when it hits end-of-life. WellSecure is the only insured financial contract that provides long-term financial security for the purpose of funding oil and gas decommissioning liabilities. No more worrying about whether a company will have enough money to plug old wells. With WellSecure, the money is (literally) in the bank!
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In January, Ohio House Bill (HB) 507 became law with the signature of Gov. Mike DeWine (see 
In May, the Bidenistas at the Environmental Protection Agency (EPA) released a hellscape of new regulations called the Clean Power Plan 2.0, aimed at forcing coal- and natural gas-fired power plants to close (see 
The North American Electric Reliability Corp. (NERC) is sounding the alarm that more than half of the U.S. and parts of Canada, home to around 180 million people, could fall short of electricity during extreme cold again this winter. Why? If you read certain leftwing publications, they will say we’re heading for blackouts due to an overreliance on natural gas. According to NERC and its just-released 2023–2024 Winter Reliability Assessment, the coming outages are because we don’t rely ENOUGH on natural gas! That’s right. NERC (and FERC) say we need more pipelines and natural gas to shore up a lack of supplies during the worst cold snaps. The lack of natural gas leads to a lack of fuel for electric power plants (and for people who use it to heat their homes). Both agencies, but NERC in particular, say we need more pipelines, and we need them NOW.
Last Friday, MDN brought you the news that CNX Resources CEO Nick DeIuliis had signed a voluntary deal with Pennsylvania Gov. Josh Shapiro to expand drilling setbacks and several other regulatory steps not mandated for shale drillers under PA law (see 
Last December, PPL Corporation subsidiaries Louisville Gas and Electric Company (LG&E) and Kentucky Utilities Company (KU) announced a plan to replace 1,500 megawatts of aging coal-fired generation (nearly one-third of Kentucky’s coal fleet!) with two 621-megawatt (MW) natural gas combined-cycle units along with several unreliable, intermittent solar projects (see 
This past May, MDN told you about a coming real-life nightmare that the Everett LNG import terminal, which accepts and regasifies foreign-sourced natural gas, may shut down following the closure of New England’s biggest natural gas-fired power plant, the Mystic Generating Station in Everett, MA (see 
On Friday, MDN brought you the news that CNX Resources CEO Nick DeIuliis had signed a voluntary deal with Pennsylvania Gov. Josh Shapiro to expand drilling setbacks and several other regulatory steps not mandated for shale drillers under PA law (see 
A Maryland company called 
We have to confess this news came suddenly out of left field. And we’re still struggling with what to make of it. Yesterday, CNX Resources CEO Nick DeIuliis, author of 
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