Assured P&A

Improved valuation, a more robust borrowing base, and regulatory compliance. P&A completion facilities, or P&A Capsules, consist of a group of wells held within a special purpose vehicle that are in queue to be plugged.

P&A capsules are compartmentalized away from the balance sheet and ring fenced inside a P&A special purpose vehicle (P&ASPV). The P&A Capsule SPV will remain in compliance with regulations and is assigned a dedicated regulatory advisory team through the life of the capsule.

Reduction in methane gas emissions, Federal EPA Compliance, State (e.g. TCEQ) Regulatory Compliance, GHG Inventory Reduction, IEA Compliance; equivalent national and state agencies in Canada.

A producers P&A liability if not properly addressed, or if the producer does not have an adequate P&A plan in place, will reflect negatively on a company’s ESG scorecard.