Welcome to our dedicated page for Zefiro Methane news (Ticker: ZEFIF), a resource for investors and traders seeking the latest updates and insights on Zefiro Methane stock.
Zefiro Methane Corp. (OTCQB: ZEFIF) generates a steady stream of company news centered on methane abatement, environmental services, and energy infrastructure projects. As an environmental services company operating within the oil and gas equipment and services space, Zefiro regularly reports on field operations, financial performance, and developments in its carbon offset activities.
Recent news has highlighted the work of Zefiro’s subsidiary Plants & Goodwin, Inc. (P&G), which executes plug and abandonment and infrastructure-improvement projects across multiple U.S. states. Updates have included the permanent decommissioning of marginal gas wells at a power plant site in Western Pennsylvania and a multi-step remediation program on previously plugged wells in the Lake Charles region of Louisiana to support construction of a new energy infrastructure facility.
Investors following ZEFIF news can expect coverage of project awards and completions, such as federally funded orphan well initiatives and contracts with private infrastructure developers. The company also issues releases on financial results, including quarterly and year-end earnings, revenue trends, expense management, and free cash flow, as well as information about debt reduction and balance sheet initiatives.
Additional news topics include carbon market activity, where Zefiro reports on the issuance and sale of methane-related carbon credits under methodologies like American Carbon Registry Project 959, and corporate governance and shareholder matters, such as annual and special meetings, insider share purchases, and board-level investigations or policy changes. For readers tracking the intersection of environmental remediation, methane reduction, and carbon markets, the ZEFIF news feed offers ongoing insight into Zefiro’s operations, contracts, and strategic focus.
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.
Zefiro Methane Corp has completed its first Oklahoma-based gas well remediation project through its subsidiary Plants & Goodwin. The project involved a complex 'plug and abandonment' operation on a 15,000-foot deep gas well in Custer County, requiring removal of nearly 5,000 feet of casing. This initiative is expected to produce American Carbon Registry-approved offset products and marks Zefiro's expansion into south-central states. The company plans to extend operations to Texas and Louisiana within 12 months. The project addresses the significant issue of unplugged wells, with an estimated cost of $158 billion to seal 1.14 million suspected unplugged wells in these three states alone.
Zefiro Methane Corp reported strong financial results for Q1 fiscal 2024, ending September 30. The company achieved record revenue of $10.0 million USD, up 7% quarter-over-quarter and 26% year-over-year. Gross profit reached a record $3.3 million with a 33% margin. Adjusted EBITDA was $460,297, showing a 107% increase from the previous quarter. The company expanded operations to Oklahoma, completed Pennsylvania's first Infrastructure Investment and Jobs Act-funded well plugging project, and formed strategic partnerships with Winterhawk and Fiùtur for enhanced carbon credit initiatives.
Zefiro Methane Corp announced that CCO Tina Reine will be a featured speaker at COP29 in Baku, Azerbaijan. She will participate in a panel discussion about carbon markets, highlighting Zefiro's role in generating high-quality carbon credits through sealing abandoned oil and gas wells. The company's operations have secured carbon credit pre-sale agreements with institutional investors like EDF Trading and Mercuria Energy America. Recent estimates indicate millions of unplugged wells across the U.S., with projected sealing costs up to $435 billion. This appearance follows other high-profile engagements including NYC Climate Week 2024, Argus Europe Carbon Conference, and Wall Street Green Summit.
Zefiro Methane Corp CEO Dr. Talal Debs appeared in a live Yahoo! Finance interview discussing the company's operations in sealing orphaned oil and gas wells across the US. The interview highlighted how Zefiro addresses institutional traders' demand for high-quality carbon offsets. The EPA indicates that methane emissions are at least 28 times more potent than CO2 in trapping atmospheric heat. The company has completed pre-sales of institutional-grade credits with Mercuria Energy America and EDF Trading. The interview focused on retail investment opportunities in the carbon credit market through ZEFI stock, which trades on CBOE Canada, Frankfurt Stock Exchange, and OTCQB market.
Zefiro Methane Corp (Cboe Canada: ZEFI, Frankfurt: Y6B, OTCQB: ZEFIF) held a public investor call on October 11, 2024, featuring CEO Talal Debs, CFO Mohit Gupta, and CTO Richard Walker. The call addressed:
- Advancing sales and revenue momentum since IPO
- Recent carbon offset transactions with EDF Trading and Mercuria Energy America
- Strategic acquisitions to enhance customer service capabilities
- Technology partnerships to increase product accessibility
- Operational expansion in North American markets
The company highlighted its profitable pathway to scale, service-oriented business model, and unique positioning in the rapidly growing methane emissions reduction market. Zefiro emphasized its commitment to deploying cutting-edge technology for data production, well retirement, and carbon credit accessibility.
Zefiro Methane Corp, an environmental services company focused on methane abatement, has announced a live investor call scheduled for Friday, October 11, 2024, at 10:00 AM EST. The one-hour conference call and live stream will be hosted by CEO and Founder Talal Debs along with the senior management team.
The discussion will cover Zefiro's progress and key growth initiatives following its IPO and debut on the Cboe Canada Inc. exchange in April 2024. The company, which recently reported record revenue and sales growth, will also outline its plans to scale the business over the next 24 months.
Investors can join via web or dial-in, with a Q&A session following the presentation. Questions can be submitted in advance to investor@zefiromethane.com. The company trades under the symbols ZEFI on Cboe Canada, Y6B on Frankfurt, and ZEFIF on OTCQB.
Zefiro Methane Corp. (ZEFIF) has announced the completion of a significant transaction involving its subsidiary, Plants & Goodwin, Inc. (P&G). The deal, previously announced on August 6, 2024, involves the acquisition of the remaining common shares of P&G from Luke Plants in exchange for newly issued preferred stock in P&G.
Key details of the transaction include:
- Zefiro Methane Holding now owns 100% of P&G's common shares
- Luke Plants receives approximately 7.01 million Series A Convertible Preferred Shares of P&G
- The preferred shares have a US$1.00 per share initial liquidation preference and a 10% per annum dividend
- The preferred shares are redeemable under certain conditions and will automatically convert at US$1.20 per share upon a qualified public offering
This recapitalization strengthens Zefiro's position in P&G and aligns the interests of key stakeholders.
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