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Zefiro Methane Corp
Symbol ZEFI
Shares Issued 73,817,700
Close 2025-02-28 C$ 0.50
Market Cap C$ 36,908,850
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Zefiro's P&G completes package of Penn. projects

2025-04-01 17:58 ET - News Release

Mr. Talal Debs reports

ZEFIRO METHANE CORP. SUBSIDIARY COMPLETES PACKAGE OF STATE-FUNDED OIL AND GAS WELL REMEDIATION PROJECTS IN PENNSYLVANIA

Zefiro Methane Corp.'s subsidiary, Plants & Goodwin Inc. (P&G), has successfully completed a package of commonwealth of Pennsylvania-financed 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 have 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 providers, the total cost to plug this well was nearly $500,000, which is significantly higher than the average cost of $105,000 per well plugged. The PADEP has identified over 27,000 similar orphaned and abandoned well sites across the commonwealth, and is currently working with P&G and other contractors to prioritize those posing the greatest risks to public health.

Zefiro founder and chief executive officer 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."

About Zefiro Methane Corp.

Zefiro is an environmental services company, specializing in methane abatement. Zefiro strives to be a key commercial force toward 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.

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