RenuWell offers a innovative solution to turn oil and gas well sites into prime locations for solar facility development.
Key advantages for Oil and Gas companies
- Reduces reclamation costs: Re-use of disturbed lease area and some existing infrastructure can save up to 80% on reclamation costs for oil & gas operators or the Orphan Well Association (in the case of orphan sites).
- Low-cost electricity to well sites for Micro-Gen: By installing solar facilities on inactive well sites, the oil & gas operator is able to offset the electricity costs of all electrical loads that they have on the local distribution network
- Supports the Oil and Gas industry: Solar development using RenuWell sites injects investment into the oil & gas sector and makes them a stakeholder in the transition
- Accelerated site reclamation: $1.1 billion investment in accelerated oil and gas reclamation is possible which will greatly increase the rate of reclamation in the sector
- ESG value: The owners of sites and the carbon credits associated will help companies and institutions reach their ESG commitments
RenuWell Products
Get your inactive well liabilities off the books
Reduce your operational electricity costs
Why Choose RenuWell?
RenuWell stands as the optimal choice for oil and gas companies aiming to modernize and optimize their operations. With a well-established brand and years of specialized expertise backed by successful pilot programs, we are deeply familiar with the intricacies of your business. Our unique access to land and strong relationships with key stakeholders give us the capability to swiftly implement our range of products and services. Whether it's leveraging RenuWell Land to alleviate inactive well liabilities or utilizing RenuWell Energy to secure stable energy costs, our solutions are not just beneficial—they're tailored to you. Choose RenuWell to capitalize on unmatched industry knowledge and a proven track record, setting the stage for a sustainable, economically robust future.
Contact Us to see about offsetting your electricity usage or addressing liabilities in a novel way