Zefiro Methane Completes First-Ever Sale of Carbon Offsets Originated Under ACR's Orphan Well Methodology
Zefiro Methane Corp (OTCQB: ZEFIF) has achieved a significant milestone by completing its first-ever sale of carbon offsets under ACR's Orphan Well Methodology. The company successfully originated carbon credits representing 92,956 metric tonnes of CO2 equivalent emissions reductions from a remediation project in Custer County, Oklahoma.
The company has delivered the first tranche of ACR959 carbon credits to Mercuria Energy America, marking the debut of Zefiro's third revenue stream. This adds to their existing $24.4 million revenue from core operations in the first three fiscal quarters of 2025 and an $800,000 contract for methane monitoring services.
The transaction establishes a precedent where orphaned well remediation can be funded through voluntary carbon markets, with credits being transferred to Mercuria in four equal 25% tranches.
Zefiro Methane Corp (OTCQB: ZEFIF) ha raggiunto un traguardo importante completando la sua prima vendita di offset carbonio secondo la Orphan Well Methodology di ACR. La società ha generato crediti di carbonio corrispondenti a 92.956 tonnellate metriche di CO2 equivalente derivanti da un progetto di bonifica nella contea di Custer, Oklahoma.
La prima tranche di crediti ACR959 è stata consegnata a Mercuria Energy America, segnando l'esordio del terzo flusso di ricavi di Zefiro. Questo si aggiunge ai 24,4 milioni di dollari di ricavi dalle operazioni principali nei primi tre trimestri fiscali del 2025 e a un contratto da 800.000 dollari per servizi di monitoraggio del metano.
L'operazione apre la strada al finanziamento della bonifica dei pozzi orfani tramite i mercati volontari del carbonio, con i crediti trasferiti a Mercuria in quattro tranche uguali del 25% ciascuna.
Zefiro Methane Corp (OTCQB: ZEFIF) ha alcanzado un hito importante al completar su primera venta de compensaciones de carbono bajo la Metodología de Pozos Huérfanos (Orphan Well) de ACR. La compañía originó créditos de carbono que representan 92.956 toneladas métricas de CO2 equivalente por reducciones de emisiones en un proyecto de remediación en el condado de Custer, Oklahoma.
La primera entrega de créditos ACR959 se ha hecho a Mercuria Energy America, marcando el debut de la tercera fuente de ingresos de Zefiro. Esto se suma a sus 24,4 millones de dólares en ingresos por operaciones principales en los primeros tres trimestres fiscales de 2025 y a un contrato de 800.000 dólares para servicios de monitoreo de metano.
La transacción sienta un precedente para financiar la remediación de pozos huérfanos a través de los mercados voluntarios de carbono, con los créditos transferidos a Mercuria en cuatro tramos iguales del 25%.
Zefiro Methane Corp (OTCQB: ZEFIF)는 ACR의 고아 유정(Orphan Well) 방법론에 따라 자사가 최초로 탄소상쇄권을 판매하는 중요한 이정표를 달성했습니다. 회사는 오클라호마주 커스터 카운티의 복원 프로젝트에서 발생한 배출 저감량에 대해 92,956 메트릭톤의 CO2 환산에 해당하는 탄소 크레딧을 창출했습니다.
첫 번째 ACR959 크레딧 트랜치는 Mercuria Energy America에 전달되었으며, 이는 Zefiro의 세 번째 수익원 데뷔를 의미합니다. 이는 2025 회계연도 첫 세 분기 동안의 핵심 영업에서 발생한 2,440만 달러 매출 및 메탄 모니터링 서비스에 대한 80만 달러 계약에 추가됩니다.
이번 거래는 고아 유정 복원이 자발적 탄소 시장을 통해 자금 조달될 수 있음을 보여주는 선례를 세웠으며, 크레딧은 Mercuria에 동일한 25%씩 네 번에 걸쳐 양도됩니다.
Zefiro Methane Corp (OTCQB: ZEFIF) a franchi une étape importante en réalisant sa première vente de compensations carbone selon la méthodologie des puits orphelins (Orphan Well) de l'ACR. La société a généré des crédits carbone représentant 92 956 tonnes métriques d'équivalent CO2 grâce à un projet de réhabilitation dans le comté de Custer, Oklahoma.
La première tranche de crédits ACR959 a été remise à Mercuria Energy America, marquant les débuts du troisième flux de revenus de Zefiro. Ceci s'ajoute aux 24,4 millions de dollars de revenus tirés des opérations principales au cours des trois premiers trimestres fiscaux 2025 et à un contrat de 800 000 dollars pour des services de surveillance du méthane.
La transaction établit un précédent : la réhabilitation des puits orphelins peut être financée via les marchés volontaires du carbone, les crédits étant transférés à Mercuria en quatre tranches égales de 25%.
Zefiro Methane Corp (OTCQB: ZEFIF) hat einen wichtigen Meilenstein erreicht und den ersten Verkauf von CO2-Kompensationen nach der ACR-Orphan-Well-Methodik abgeschlossen. Das Unternehmen hat Emissionsminderungen in Höhe von 92.956 metrischen Tonnen CO2-Äquivalent aus einem Sanierungsprojekt im Custer County, Oklahoma, als Kohlenstoffgutschriften geschaffen.
Die erste Tranche der ACR959-Kredite wurde an Mercuria Energy America geliefert und markiert damit den Start des dritten Umsatzstroms von Zefiro. Dies ergänzt die 24,4 Millionen US-Dollar Umsatz aus dem Kerngeschäft in den ersten drei Geschäftsquartalen 2025 sowie einen 800.000-Dollar-Vertrag für Methanüberwachungsdienste.
Die Transaktion schafft einen Präzedenzfall dafür, dass die Sanierung verlassener Bohrstellen über freiwillige Kohlenstoffmärkte finanziert werden kann; die Gutschriften werden in vier gleichen Tranchen zu je 25% an Mercuria übertragen.
- First successful issuance and sale of carbon credits under ACR's Orphan Well Methodology
- Strong revenue performance with $24.4 million in first three quarters of 2025
- Secured $800,000 contract for methane monitoring services
- Established third revenue stream through carbon credit sales
- Pre-sale agreement with major energy company Mercuria demonstrates market validation
- None.
Zefiro has made a key breakthrough by successfully originating carbon credits based on confirmed emissions reductions of 92,956 metric tonnes of CO2 equivalent from a remediation project in Custer County, Oklahoma. Zefiro has also made its first delivery of carbon credits to Mercuria Energy America, LLC to fulfill a pre-sale agreement. This transaction sets a new precedent in the marketplace in which remediation of orphaned wells can be funded directly through the voluntary carbon markets.
Fort Lauderdale, Florida--(Newsfile Corp. - August 19, 2025) - ZEFIRO METHANE CORP. (Cboe CA: ZEFI) (FSE: Y6B) (OTCQB: ZEFIF) (the "Company", "Zefiro", or "ZEFI"), a fully integrated environmental services company which originates institutional-grade carbon credits by remediating unplugged oil and gas wells in the United States, is pleased to announce both (i) The successful issuance of certified carbon credits from American Carbon Registry ("ACR") Project 959 ("ACR959") reflecting confirmed emissions reductions of 92,956 metric tonnes of CO2 equivalent, as well as (ii) Completed delivery of the first tranche of ACR959 carbon credits to Mercuria Energy America, LLC ("Mercuria").
This pair of events marks the debut of a third key revenue stream for Zefiro, supplementing its earnings from core operations which have already generated USD
In addition to Zefiro's plugging and abandonment division in the Appalachia region (Pennsylvania, Ohio, New York, and West Virginia), Zefiro also recently announced its very first revenues from methane monitoring, with a USD
Pictured above is the well that is central to the ACR959 project recently completed by Zefiro. This well is located on a horse and cattle pasture in Custer County, Oklahoma.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11799/262969_d72f7b3c143f8976_001full.jpg
Readers using news aggregation services may be unable to view the media above. Please access SEDAR+ or the Investors section of the Company's website for a version of this press release containing all published media.
Issuance of ACR959 Carbon Credits
In May of 2023, ACR published a first-of-its-kind methodology allowing carbon offsets to be created by plugging orphaned oil/gas wells (titled "Methodology for the Quantification, Monitoring, Reporting and Verification of Greenhouse Gas Emissions Reductions and Removals from Plugging Orphan Oil and Gas Wells in the U.S. and Canada" and referred to herein as the "Methodology").
Under the leadership of Tina Reine, Zefiro's Chief Commercial Officer who was one of the founding members of J.P. Morgan's carbon trading desk, Zefiro began to undertake all of the necessary steps to originate some of the first-ever offsets to be created under the Methodology. This included taking preliminary methane emission measurements, completing all well-level plugging/remediation work, and engaging a third-party Validation and Verification body ("VVB") to independently certify all findings as announced in a press release earlier this year.
The ACR959 project is based on a well located on privately owned land in Custer County, Oklahoma. On June 21, 2025, post-plugging monitoring confirmed that the well was plugged and in compliance with ACR methodology. On July 29, 2025, validation was officially completed by the VVB.
As a result of the completion of ACR959, Zefiro was issued carbon offsets reflecting emissions reductions of 92,956 metric tonnes of CO2 equivalent ("CO2e").
Project Documents for the ACR959 project can be found on ACR's website at the following link: https://acr2.apx.com/mymodule/reg/TabDocuments.asp?r=112&ad=Prpt&act=update&type=PRO&aProj=ipub&tablename=doc&id1=959.
Note to Readers: If no link is visible above, please access this press release through SEDAR+ or the Investors section of the Zefiro website for a version containing the link.
All Project Documents relating to the ACR959 project are publicly available in the index shown above on ACR's website, which can be accessed by clicking here.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/11799/262969_d72f7b3c143f8976_002full.jpg
Readers using news aggregation services may be unable to view the media above. Please access SEDAR+ or the Investors section of the Company's website for a version of this press release containing all published media.
Delivery of ACR959 Carbon Credits to Mercuria
Mercuria is one of the world's largest independent energy and commodities groups. Among Mercuria's key business areas is its Net Zero Solutions, helping businesses to meet their net zero goals.
Following the publication of ACR's Methodology, Mercuria issued a press release announcing that it was the buyer in a pre-sale transaction with Zefiro for certified carbon credits to be generated from the remediation of unplugged oil/gas wells that are leaking greenhouse gases such as methane.
In the press release, Adam Raphaely (Managing Director, Mercuria Group America) commented, "For too long, investors have not had routine access to reduction activities that display proven pathways to reducing harmful oil and gas emissions. Our work with Zefiro represents not only Mercuria's commitment to fostering innovative projects and ideas that have the power to reshape the industry but also our alignment with the core principles of many of our customers."
The carbon offsets from ACR959 are to be transferred to Mercuria by Zefiro in equal
Zefiro Management Commentary
Zefiro's Chief Executive Officer, Catherine Flax, said, "The successful issuance and delivery of Zefiro's very first carbon credits is a landmark development not just for us as a company, but also for the voluntary carbon markets as a category in which new standards are being set. With this Methodology that allows carbon offsets to be generated directly from the remediation of orphaned oil/gas wells, there is now a clear and straightforward blueprint in which the voluntary carbon markets can be leveraged as a funding source for leaking wells to be plugged without needing to rely on taxpayer resources. Our team has been very thorough in completing each and every step of this process, which ushers in a new era for Zefiro along with the many stakeholders and participants in the marketplace, which continues to play a key role in mitigating the long-term impacts caused by emissions of greenhouse gases such as methane."
Zefiro's Chief Commercial Officer, Tina Reine, stated, "These days, institutional end-users in the carbon markets are looking for credits that are generated through projects that make a quantifiable and common-sense impact, with transparent and verifiable emissions reductions to directly offset their own output of emissions. Zefiro's carbon offsets are originated by plugging wells in the U.S. that are leaking methane, aligning optimally with the criteria of these end users and their respective environmental commitments. One of the most remarkable things about this pair of developments for Zefiro is that Mercuria agreed to purchase the ACR959 carbon credits before the Methodology was even finalized, which virtually never happens in the voluntary carbon markets."
Ms. Reine continued, "Now that Zefiro has successfully delivered its very first carbon credits to a purchaser, we are now positioned to more rapidly generate carbon credits from current and future environmental remediation projects in the United States. There has long been a deficit of supply in terms of American-originated carbon offsets that meet the requirements of institutional purchasers such as Mercuria and their end-user clients, and we are pleased to have the opportunity to bring new supply into the pipeline to help organizations around the world work towards their net-zero pledges as responsible corporate citizens."
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.
Catherine Flax
Chief Executive Officer
For further information, please contact:
Zefiro Investor Relations
1 (800) 274-ZEFI (274-9334)
investor@zefiromethane.com
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.
Statement Regarding Third-Party Investor Relations Firms
Disclosures relating to investor relations firms retained by Zefiro Methane Corp. can be found under the Company's profile on SEDAR+ at www.sedarplus.ca/.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262969
FAQ
What is the significance of Zefiro's ACR959 carbon credit issuance?
How much revenue has Zefiro Methane (ZEFIF) generated in 2025?
How will Zefiro deliver the ACR959 carbon credits to Mercuria?
What are Zefiro's current revenue streams?
Where is the ACR959 project located?
