Zefiro Methane - ZEFIF STOCK NEWS

Zefiro Methane Corp. CEO Dr. Talal Debs was featured on Bloomberg Television's Wall Street Week, discussing the company's role in addressing orphaned oil and gas wells across the U.S. During the February 14th, 2025 episode, Dr. Debs highlighted Zefiro's position as North America's largest well plugging service provider and detailed their environmental remediation services.

The segment focused on the company's efforts to eliminate potentially noxious orphaned wells, their unique business model, and methods for creating commercial incentives to fund these projects. Dr. Debs noted that Zefiro has already helped clients across six states eliminate hundreds of potentially hazardous sites.

This appearance follows other recent media engagements, including an interview on Yahoo! Finance's Market Domination Overtime and a speaking role at the UN 2024 Climate Change Conference's Sustainable Innovation Forum in Baku.

Zefiro Methane Corp. (ZEFIF) reported Q2 FY2024 financial results with revenue of $7.5 million USD, marking a 9% year-over-year increase. Revenue for H2 2024 grew 18% to $17.5 million USD compared to $14.8 million in 2023. The company posted a gross profit of $0.6 million USD, while experiencing a net loss of $4.25 million.

The company expanded its operations by obtaining certification for well remediation in Texas, increasing its operational presence to six states. Texas has significant funding available, with only $7.7 million spent of $79 million allocated for orphan well remediation. Zefiro is also advancing its carbon offset initiatives, particularly targeting Fortune 1000 companies and technology firms seeking to offset emissions from AI and data center operations.

The company faces seasonal challenges in environmental remediation due to weather conditions but plans to mitigate this through expansion in Texas, Oklahoma, and Louisiana.

Zefiro Methane Corp (ZEFIF) announced that Luke Plants, Senior VP of Corporate Development and CEO of subsidiary Plants and Goodwin (P&G), was featured in the U.S. Department of the Interior's Orphaned Wells Program Annual Report to Congress. The report, published in November for FY2024, highlighted the successful plugging of 9,636 orphaned or abandoned oil and gas wells on state, private, and federal lands.

Plants detailed how the Bipartisan Infrastructure Law (BIL) funding enabled P&G to establish a comprehensive training program and improve equipment standards. The company increased its workforce by 40% to 135 employees as a direct result of this funding. The BIL projects have stimulated local economies through increased demand for services and materials, while providing business owners confidence to invest in fixed assets.

Zefiro Methane Corp (ZEFIF) announced that its subsidiary Plants & Goodwin has been awarded eight projects by Ohio's state government to plug 50 oil and gas wells, with 20% already completed. The company has deployed four full-sized rigs across Ohio for the remaining wells.

In 2023, Zefiro remediated 200 methane well sources, eliminating approximately 100,000 tons of CO2 equivalent. The Ohio Department of Natural Resources has identified approximately 19,000 orphan wells in the state, with potential access to USD $634 million in funding through 2035 for plugging abandoned wells.

The company has expanded its operations across North America, including opening a new facility in West Virginia, acquiring Ohio and Pennsylvania-based entities, and partnering with various government entities including the U.S. National Park Service, State of New York, Commonwealth of Pennsylvania, and Province of Alberta.

Zefiro Methane Corp. (ZEFIF) has released an updated corporate presentation highlighting recent milestones and growth initiatives. The company reports increased sales and profitability since its IPO on Cboe Canada, along with notable carbon offset presale transactions with Mercuria Energy America and EDF Trading.

The presentation emphasizes Zefiro's strategic acquisitions, technology partnerships, and expansion of operations across North America, particularly in the south-central United States and Alberta, Canada. The company focuses on addressing the challenge of unplugged oil and gas wells, with experts estimating millions of such sites across the U.S. These wells can leak methane gas that is 25-85 times more potent than CO2 in terms of heat-trapping capacity. The estimated cost to permanently seal just U.S.-based sites could reach $435 billion.

Zefiro Methane Corp reported significant achievements in 2024, including consolidated revenues of USD $32.8 million and positive adjusted EBITDA that doubled over the previous quarter. The company completed its IPO on Cboe Canada and secured listings on Frankfurt Stock Exchange and OTCQB (ZEFIF).

Key developments include expansion of well plugging operations across West Virginia, Pennsylvania, Oklahoma, and Ohio, a methane abatement offset presale agreement with EDF Trading, and the acquisition of Plants & Goodwin. The company strengthened its leadership team with Mohit Gupta as CFO and Richard Walker as CTO, while maintaining an active presence at major industry events including UN COP29.

Zefiro Methane Corp announced that SVP Luke Plants will lead a free webinar hosted by Penn State University on December 12, 2024, titled 'Carbon Avoidance Credits in Oil and Gas Well Plugging.' The webinar will showcase Zefiro's efforts to generate American Carbon Registry-approved carbon offset products through their nationwide well plugging operations.

Plants, representing the third generation of family leadership at Plants & Goodwin (acquired by Zefiro in 2023), has previously featured on BBC News' Future Earth series and served as a keynote speaker at the American Association of Petroleum Geologists' conference. The webinar targets landowners, capital markets participants, and government officials, focusing on addressing environmental remediation challenges through carbon offset credits.

Zefiro Methane Corp (ZEFIF) has joined Alberta's Drilling and Completion Committee's 'Mature Asset Strategy Working Group', a collaborative initiative addressing orphaned and marginal oil & gas wells in the province. The company will work alongside public, private, and non-profit stakeholders to tackle an estimated 170,000 sites that can leak methane gas, which is 25 to 85 times more potent than carbon dioxide in trapping atmospheric heat.

Zefiro's involvement was announced by CEO Dr. Talal Debs during a presentation at the UN's COP29 in Baku. The company will contribute its expertise in well plugging operations and carbon credit portfolio management to support well remediation and management projects throughout Alberta.

Zefiro Methane Corp CEO Dr. Talal Debs was a featured speaker at the UN COP29 Sustainable Innovation Forum in Baku, Azerbaijan. During panel discussions, he highlighted the company's methane abatement operations and carbon offset portfolio. The discussions focused on addressing North America's unplugged oil and gas wells issue, which could cost up to $435 billion to resolve. These wells leak methane gas that can be 25-85 times more potent than CO2 in trapping atmospheric heat. Dr. Debs emphasized Zefiro's role as a comprehensive service provider in the methane abatement sector, combining well plugging operations with carbon credit offerings.