Zefiro Methane Corp. Subsidiary Completes Package of State-Funded Oil and Gas Well Remediation Projects in Pennsylvania
Zefiro Methane Corp (OTCQB: ZEFIF) announced its subsidiary Plants & Goodwin (P&G) has successfully completed the remediation of 18 orphan oil and gas wells in Clarion County, Pennsylvania. The state-funded project included plugging a critical well located six feet from a residence's water supply that was contaminating drinking water with excess iron.
The total cost to plug this particular well was nearly $500,000, significantly higher than the average cost of $105,000 per well. The project was executed as a subcontractor to Northwind Site Services, working with the Pennsylvania Department of Environmental Protection (PADEP).
PADEP has identified over 27,000 similar orphaned and abandoned well sites across Pennsylvania. Recent data indicates that 13 million U.S. households rely on private wells for drinking water, with 14 million Americans living within one mile of a documented orphan oil or gas well.
Zefiro Methane Corp (OTCQB: ZEFIF) ha annunciato che la sua filiale Plants & Goodwin (P&G) ha completato con successo la bonifica di 18 pozzi di petrolio e gas orfani nella contea di Clarion, Pennsylvania. Il progetto finanziato dallo stato ha incluso il tappo di un pozzo critico situato a sei piedi dalla sorgente d'acqua di una residenza, che contaminava l'acqua potabile con un eccesso di ferro.
Il costo totale per tappare questo particolare pozzo è stato di quasi $500,000, significativamente superiore al costo medio di $105,000 per pozzo. Il progetto è stato eseguito come subappaltatore per Northwind Site Services, in collaborazione con il Dipartimento della Protezione Ambientale della Pennsylvania (PADEP).
Il PADEP ha identificato oltre 27,000 siti di pozzi orfani e abbandonati in tutta la Pennsylvania. Dati recenti indicano che 13 milioni di famiglie statunitensi si affidano a pozzi privati per l'acqua potabile, con 14 milioni di americani che vivono entro un miglio da un pozzo di petrolio o gas orfano documentato.
Zefiro Methane Corp (OTCQB: ZEFIF) anunció que su filial Plants & Goodwin (P&G) ha completado con éxito la remediación de 18 pozos de petróleo y gas huérfanos en el condado de Clarion, Pennsylvania. El proyecto financiado por el estado incluyó el sellado de un pozo crítico ubicado a seis pies del suministro de agua de una residencia que estaba contaminando el agua potable con exceso de hierro.
El costo total para sellar este pozo en particular fue de casi $500,000, significativamente más alto que el costo promedio de $105,000 por pozo. El proyecto se llevó a cabo como subcontratista de Northwind Site Services, trabajando con el Departamento de Protección Ambiental de Pennsylvania (PADEP).
El PADEP ha identificado más de 27,000 sitios de pozos huérfanos y abandonados en toda Pennsylvania. Datos recientes indican que 13 millones de hogares en EE. UU. dependen de pozos privados para el agua potable, con 14 millones de estadounidenses viviendo a menos de una milla de un pozo de petróleo o gas huérfano documentado.
제피로 메탄 주식회사 (OTCQB: ZEFIF)는 자회사인 플랜츠 & 굿윈(P&G)이 펜실베이니아주 클라리온 카운티에서 18개의 고아 석유 및 가스 우물을 성공적으로 정화했다고 발표했습니다. 주 정부 자금으로 진행된 이 프로젝트는 주거지의 수원에서 6피트 떨어진 중요한 우물을 막는 것을 포함했으며, 이 우물은 음용수에 과도한 철분을 오염시키고 있었습니다.
이 특정 우물을 막는 데 드는 총 비용은 거의 $500,000로, 우물당 평균 비용인 $105,000보다 훨씬 높았습니다. 이 프로젝트는 노스윈드 사이트 서비스의 하도급업체로 진행되었으며, 펜실베이니아 환경 보호국(PADEP)과 협력했습니다.
PADEP는 펜실베이니아 전역에서 27,000개 이상의 유사한 고아 및 방치된 우물 사이트를 확인했습니다. 최근 데이터에 따르면 미국의 1300만 가구가 음용수를 위해 개인 우물에 의존하고 있으며, 1400만 명의 미국인이 문서화된 고아 석유 또는 가스 우물에서 1마일 이내에 거주하고 있습니다.
Zefiro Methane Corp (OTCQB: ZEFIF) a annoncé que sa filiale Plants & Goodwin (P&G) a réussi à terminer la réhabilitation de 18 puits de pétrole et de gaz orphelins dans le comté de Clarion, en Pennsylvanie. Le projet financé par l'État comprenait le bouchage d'un puits critique situé à six pieds de l'approvisionnement en eau d'une résidence, qui contaminait l'eau potable avec un excès de fer.
Le coût total pour boucher ce puits particulier était de près de $500,000, ce qui est significativement plus élevé que le coût moyen de $105,000 par puits. Le projet a été réalisé en tant que sous-traitant pour Northwind Site Services, en collaboration avec le Département de la Protection de l'Environnement de Pennsylvanie (PADEP).
Le PADEP a identifié plus de 27,000 sites de puits orphelins et abandonnés à travers la Pennsylvanie. Des données récentes indiquent que 13 millions de ménages américains dépendent de puits privés pour leur eau potable, avec 14 millions d'Américains vivant à moins d'un mile d'un puits de pétrole ou de gaz orphelin documenté.
Zefiro Methane Corp (OTCQB: ZEFIF) gab bekannt, dass ihre Tochtergesellschaft Plants & Goodwin (P&G) erfolgreich die Sanierung von 18 verwaisten Öl- und Gasbrunnen im Clarion County, Pennsylvania, abgeschlossen hat. Das staatlich finanzierte Projekt umfasste das Verschließen eines kritischen Brunnens, der sich sechs Fuß von der Wasserquelle eines Wohnhauses befand und das Trinkwasser mit überschüssigem Eisen kontaminierte.
Die Gesamtkosten für das Verschließen dieses speziellen Brunnens betrugen fast $500,000, was erheblich über den durchschnittlichen Kosten von $105,000 pro Brunnen liegt. Das Projekt wurde als Subunternehmer für Northwind Site Services durchgeführt, in Zusammenarbeit mit dem Pennsylvania Department of Environmental Protection (PADEP).
Der PADEP hat über 27,000 ähnliche verwaiste und aufgegebene Brunnenstandorte in ganz Pennsylvania identifiziert. Aktuelle Daten zeigen, dass 13 Millionen US-Haushalte auf private Brunnen für Trinkwasser angewiesen sind, wobei 14 Millionen Amerikaner innerhalb einer Meile von einem dokumentierten verwaisten Öl- oder Gasbrunnen leben.
- Successful completion of 18 well remediation projects, demonstrating operational capability
- Secured state-funded contract as certified service provider
- Strategic positioning in large market with 27,000+ identified well sites in Pennsylvania alone
- High cost per well remediation ($500,000 vs $105,000 average) may impact project profitability
Zefiro subsidiary Plants & Goodwin, Inc. completed this tranche of projects, which included plugging an orphan gas well that was rendering a residence’s drinking water well unusable
FORT LAUDERDALE, Fla., April 01, 2025 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (OTCQB: ZEFIF) (the “Company”, “Zefiro”, or “ZEFI”) today announced that its subsidiary Plants & Goodwin, Inc. (“P&G”) successfully completed a package of Commonwealth of Pennsylvania-funded projects in Clarion County, Pennsylvania. Specifically, P&G remediation specialists plugged a tranche of 18 orphan oil and gas well across the county, which included one site that was located six feet from a residence’s water well that the Pennsylvania Department of Environmental Protection (“PADEP”) confirmed was releasing excess iron into the site’s drinking water, rendering it unusable. Recent data has estimated that 13 million households in the United States rely on a private well as their primary source of drinking water and that 14 million Americans live within one mile of a documented orphan oil or gas well.
As an established and certified service provider to several federal and state agencies across the country, including the PADEP, P&G was engaged as a subcontractor by Northwind Site Services to undertake this time-sensitive remediation project to restore residents’ drinking water supply. Between contributions from P&G and other service service providers, the total cost to plug this well was nearly
More details about this remediation project can be found on the following page of the PADEP’s website: https://www.ahs.dep.pa.gov/NewsRoomPublic/articleviewer.aspx?id=22484&typeid=1
Picture: P&G crew members work to plug a leaking orphan well within a project that took place in Pennsylvania
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Zefiro Founder and CEO Talal Debs commented, “No family should ever have to question the safety of their drinking water due to an abandoned, deteriorating oil or gas well. From leaking hazardous methane gas to releasing dangerous metals, these decades-old wells have the potential to upend the everyday lives of millions of Americans, and Zefiro will continue working with the Pennsylvania Department of Environmental Protection and other state agencies across the country to identify and remediate sites that seriously threaten drinking water sources and other everyday necessities.”
Reporters/Media: For any questions or to arrange an interview, please contact Rich Myers of Profile Advisors (New York City) by email at media@zefiromethane.com or by telephone at +1 (347) 774-1125.
About Zefiro Methane Corp.
Zefiro is an environmental services company, specializing in methane abatement. Zefiro strives to be a key commercial force towards Active Sustainability. Leveraging decades of operational expertise, Zefiro is building a new toolkit to clean up air, land, and water sources directly impacted by methane leaks. The Company has built a fully integrated ground operation driven by an innovative monetization solution for the emerging methane abatement marketplace. As an originator of high-quality U.S.-based methane offsets, Zefiro aims to generate long-term economic, environmental, and social returns.
On behalf of the Board of Directors of the Company,
ZEFIRO METHANE CORP.
“Talal Debs”
Talal Debs, Founder & CEO
For further information, please contact:
Zefiro Investor Relations
1 (800) 274-ZEFI (274-9334)
investor@zefiromethane.com
For media inquiries, please contact:
Rich Myers - Profile Advisors (New York)
media@zefiromethane.com
+1 (347) 774-1125
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as “seeks”, “believes”, “plans”, “expects”, “intends”, “estimates”, “anticipates” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. In particular, this news release contains forward-looking information including statements regarding: the Company’s intention to reduce emissions from end-of-life oil and gas wells and eliminate methane gas; the Company’s partnerships with industry operators, state agencies, and federal governments; the Company’s expectations for continued increases in revenues and EBITDA growth as a result of these partnerships; the Company’s intentions to build out its presence in the United States; the anticipated federal funding for orphaned well site plugging, remediation and restoring activities; the Company’s expectations to become a growing environmental services company; the Company’s ability to provide institutional and retail investors alike with the opportunity to join the Active Sustainability movement; the Company’s ability to generate long-term economic, environmental, and social returns; and other statements regarding the Company’s business and the industry in which the Company operates. The forward-looking information reflects management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed timeframes or at all. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to: (i) adverse general market and economic conditions; (ii) changes to and price and volume volatility in the carbon market; (iii) changes to the regulatory landscape and global policies applicable to the Company's business; (iv) failure to obtain all necessary regulatory approvals; and (v) other risk factors set forth in its Prospectus dated April 8, 2024 under the heading “Risk Factors”. The Company operates in a rapidly evolving environment where technologies are in the early stage of adoption. New risk factors emerge from time to time, and it is impossible for the Company’s management to predict all risk factors, nor can the Company assess the impact of all factors on Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The forward-looking information included in this news release is made as of the date of this news release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.
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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/08f51851-b347-4ff9-aca8-5253bf2c6a11
FAQ
How many orphan wells did Zefiro Methane (ZEFIF) remediate in Pennsylvania's recent project?
What was the cost to plug the problematic well in ZEFIF's Pennsylvania project?
How many abandoned well sites has PADEP identified for remediation where ZEFIF operates?
What specific environmental issue did Zefiro Methane (ZEFIF) address in the Pennsylvania water well project?
