Articles from Zefiro Methane Corp

The new projects are the latest in a series of recent public and private sector partnerships that have established Zefiro as one of North America’s leading methane abatement service providers. In 2023 alone, Zefiro remediated 200 methane well sources, ultimately eliminating approximately 100,000 tons of CO2 equivalent.

The latest version of the corporate presentation highlights both Zefiro’s recent corporate milestones and prioritization of setting the ‘gold standard’ within the methane abatement sector

The Company achieved numerous commercial milestones in 2024, including increased profitability, launching an initial public offering, moving into new marketplaces, securing key strategic acquisitions and partnerships, and finalizing landmark carbon offset presales

Representing the largest methane abatement services provider featured at the conference, Dr. Talal Debs detailed Zefiro’s North American methane abatement operations. Dr. Debs also highlighted the Company’s high-quality carbon offset portfolio at the International Emissions Trading Association’s (“IETA”) official COP29 event.

The webinar, entitled “Carbon Avoidance Credits in Oil and Gas Well Plugging,” will highlight Zefiro’s efforts to generate high-quality carbon offset products from their nationwide orphaned well plugging operations

Zefiro’s foray into this key marketplace is the latest successful effort to expand the Company’s operational footprint to help more communities eliminate the public health threats posed by orphaned oil and gas wells. The completion of this project is expected to produce American Carbon Registry-certified carbon offset products.

Zefiro’s membership in the Alberta-based Drilling and Completion Committee’s “Mature Asset Strategy Working Group” will entail working alongside public, private, and non-profit sector stakeholders to promote the retirement of orphaned wells and proper management of marginal wells across the province.

The Company generated record revenue of $10.0 million USD and positive adjusted EBITDA for the quarter ended September 30, 2024

In addition to attending the conference with the Company’s Founder and CEO, Zefiro CCO Tina Reine will be featured as a panelist on a UN COP29 Climate Action Innovation Zone discussion regarding the future of the voluntary carbon marketplace

Zefiro’s senior management team answered questions from market participants and provided key details regarding the Company’s recent business strategy updates

The broadcast interview was the latest in a series of high-profile media appearances and placements featuring members of Zefiro’s senior leadership team

FORT LAUDERDALE, Fla., Oct. 07, 2024 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (OTCQB: ZEFIF) (the “Company”, “Zefiro”, or “ZEFI”), an environmental services company specializing in methane abatement, which recently reported record revenue and sales growth, announced today that its CEO and Founder, Talal Debs, and the senior management team of Zefiro will host a one-hour live conference call and live stream on Friday, October 11, 2024 at 10:00 AM Eastern Standard Time. A question-and-answer session will follow the presentation and discussion. The discussion will revolve around Zefiro’s progress and developments in key growth initiatives following the Company’s IPO and debut on the Cboe Canada Inc. exchange in April of this year, as well as its plans to scale the business over the next 24 months.

FORT LAUDERDALE, Fla., Sept. 30, 2024 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (OTCQB: ZEFIF) (the “Company”, “Zefiro”, or “ZEFI”) is pleased to announce that further to its press release dated August 6, 2024, Zefiro’s subsidiary, Plants & Goodwin, Inc. (“P&G”) has completed the previously announced transaction (the “Transaction”) to acquire the remaining common shares of P&G from Luke Plants in exchange for newly issued preferred stock in P&G pursuant a Securities Exchange Agreement.

The Company generated record revenue of $32.8 million USD and positive adjusted EBITDA for FYE 2024

With over thirty years of experience in enterprise technology strategy, Walker will be tasked with integrating a host of innovative solutions – including artificial intelligence – throughout Zefiro’s environmental remediation and carbon markets divisions. Walker has held numerous senior leadership roles with Bain & Company, Deloitte, IBM, and BearingPoint

Zefiro executives will attend several functions sponsored by a variety of strategic partners, including Xpansiv, Fiùtur, and the International Emissions Trading Association

Zefiro is partnering with Fiùtur to create the “Zefiro Lifecycle Solution” to accelerate and scale its vertically integrated business model through end-to-end digitization of its operations and production, providing unparalleled transparency and productization pathways for the Company going forward.

The federal legislation granted USD $4.7 billion to remediate sites of potential methane leaks across the United States. This landmark accomplishment by Plants & Goodwin further establishes Zefiro as a leading environmental remediation services provider.

Winterhawk develops innovative technology to optimize oil and gas well casing operations

As a Zefiro subsidiary, Plants & Goodwin has achieved record profits, increased its employee count by 20%, and rapidly expanded its operational capacity

FORT LAUDERDALE, Fla., July 24, 2024 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (OTCQB: ZEFIF) (the “Company”, “Zefiro”, or “ZEFI”) is pleased to announce it has granted a total of 2,950,000 incentive stock options to purchase common shares to officers, directors, and consultants of the Company. The stock options have an exercise price of $1.68 per share and expire in five years from the date of grant. The stock options vest in 25% increments, beginning 18 months after the date of grant and then every three months thereafter, subject to the terms of the grants.

The U.S.-based listing follows Zefiro’s inaugural public offering on the Cboe Canada, Inc. exchange and its subsequent listing on the Frankfurt Stock Exchange

Previously the Head of Commodity Derivatives (Americas) at BNP Paribas and CEO of Commodities EMEA of J.P. Morgan, Ms. Flax brings a wealth of experience and knowledge to the Zefiro organization. Named the Most Influential Woman in European Investment Banking (2012), Ms. Flax has worked with other prominent organizations in finance to include the Securities Industry and Financial Markets Association (“SIFMA”) and has been a board member of the Independent System Operator for the New England Transmission grid.

FORT LAUDERDALE, Fla., July 09, 2024 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (the “Company”, “Zefiro”, or “ZEFI”) today announced the presale of a portion of its carbon offset portfolio to EDF Trading, a leading player in the international wholesale energy market and part of EDF Group, a global leader in low-carbon energies. Zefiro has expanded its efforts to seal potentially hazardous oil and gas wells and these credits, verified by certified third-party auditors, will be generated from this initiative.

Hosted by BBC News Anchor Carl Nasman, “Future Earth” is a series exploring the most important conversations around sustainability and climate change. Luke Plants, who is CEO of Zefiro subsidiary Plants & Goodwin (“P&G”), is featured in the third episode of Future Earth, with first-hand reporting by Carl Nasman at a P&G job site in Upstate New York.

With over thirty years of experience in banking & energy trading, Gupta was one of the key founding members of J.P. Morgan’s Energy Trading business and has held numerous senior leadership roles with Ernst & Young and Wells Fargo

Approximately two months after Zefiro’s Initial Public Offering (“IPO”) in April 2024, the Cboe Canada exchange is hosting a virtual “Investor Spotlight” event in which Zefiro Founder and CEO Talal Debs will be interviewed live on topics to include the impact of methane leaks, and why carbon offsets are expected to see continued high demand. Investors in attendance will also have the opportunity to submit their own questions during the event

FORT LAUDERDALE, Fla., June 03, 2024 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (the “Company”, “Zefiro”, or “ZEFI”) announced today that a Founder and its Chief Executive Officer Talal Debs PhD., has exercised 637,500 warrant certificates at an exercise price of $0.75 (CAD) per warrant into 637,500 common shares in ZEFI.

Telling the Zefiro story from its early stages in 2008 at J.P. Morgan’s offices in Manhattan, Talal Debs shares some inspirational anecdotes in Zefiro’s inaugural “Letter from the CEO”. This letter follows Zefiro’s inaugural quarterly earnings report, which reflected record revenue of USD $8.5 million for the most recent reporting quarter

Reporter Jefferson Pan of the 12 WBOY television news station covered Zefiro’s recent facility expansion into West Virginia, where Zefiro subsidiary P&G opened a yard to more efficiently service growing demand for its services in the nearby area

Argus is a London-based independent provider of market intelligence to the global energy and commodity markets, hosting industry conferences in the Americas, Europe, Asia, and the Middle East. Last week, Zefiro Chief Commercial Officer Tina Reine spoke on the “Women in Carbon” panel at the Argus Europe Carbon Conference in Nice, France

The Company generated record revenue of $8.5 million USD and positive adjusted EBITDA for Q1 of 2024

Zefiro subsidiary Plants & Goodwin, Inc. (“P&G”) has opened an additional yard in its operating territory of Appalachia. This will strategically align P&G to efficiently deploy portions of the USD $29,233,057 Phase 1 Bipartisan Infrastructure Law funds in West Virginia and eliminate the on-going methane emissions from hundreds of wells in the state. This is the second such expansion in the past six months, following P&G’s acquisition of a wireline service provider in Cambridge, Ohio.

FORT LAUDERDALE, Fla., May 06, 2024 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (the “Company”, “Zefiro”, or “ZEFI”) is pleased to announce that its common shares are now listed on the Frankfurt Stock Exchange (“FSE”) under the symbol “Y6B”. Zefiro’s shares officially began trading on the FSE on Thursday, May 2, 2024. This listing follows Zefiro’s successful Initial Public Offering (“IPO”), and the Company’s inaugural public listing on the Cboe Canada, Inc. exchange on April 23, 2024. With listings in Canada and Germany, Zefiro can now reach a multi-national audience of investors.

Erika Reineke of Miami, Florida is sponsored by Zefiro, and has competed in sailing events in 30 countries worldwide. After winning a major qualifying event, Ms. Reineke will be racing for the U.S. in the world’s preeminent athletic competition in France this summer. Zefiro has also hired several providers to provide investor relations services for the Company.

Established in 1996, American Carbon Registry was the world’s first carbon crediting program and remains a leading force in the global voluntary carbon markets

Zefiro’s common shares are now trading on the Cboe Canada exchange under the ticker symbol “ZEFI”. Zefiro Methane Corp. is an environmental services company with fully integrated operations in the United States for environmental monitoring, methane emissions abatement, and carbon offset origination

Earlier this month, Zefiro Founder and CEO Talal Debs PhD was interviewed by Abaxx Chief Economist David Greely on the Smarter Markets podcast for its “Carbon Frontiers” series. During the 36-minute interview, Dr. Debs shared his early-stage experiences in the carbon markets at J.P. Morgan in 2007 and 2008, which foreshadowed the 2021 inception of Zefiro and its unique approach to tackling the growing issue of methane emissions.

An untold amount of orphaned oil and gas wells exist in the state of Pennsylvania. An April 2024 article in the Pittsburgh Post-Gazette highlights the opportunities to solve the environmental problem that this situation represents for leveraging emerging climate finance methods, which could both drive business value and make a meaningful impact on the neighboring communities of orphaned well sites. In the article, reporter Anya Litvak includes quotes from interviews with Steve Plants, as well as his son Luke Plants, who succeeded him as CEO of Plants & Goodwin after it was acquired by Zefiro in 2023.

In an address at the New York City-based event, Ms. Flax underscored the nationwide public health threat posed by unplugged oil & gas wells and highlighted Zefiro’s unique ability to help address this legacy issue

In remarks at the American Association of Petroleum Geologists’ “Orphan, Abandoned, Idle, and Marginal Wells” conference held in Pittsburgh, PA this week, Zefiro’s Luke Plants underscored how the Company’s recent progress can bolster key stakeholders’ efforts to remediate more unplugged oil & gas wells.

Plants & Goodwin, Inc. helped plug the uncapped wells, located just off the park’s Ohio & Erie Canal Towpath Trail, to stem a potential environmental threat for the park and its visitors

The decorated competitive sailor and Fort Lauderdale, Florida native is taking part in the event in Miami, Florida

From landmark oil & gas well plugging acquisitions to helping define the marketplace by working with standout industry partners, the Company has taken a leadership role in an innovative portion of the energy sector

The transaction positions Zefiro subsidiary Plants & Goodwin as the premier ‘end-of-life’ service provider for entities seeking to meet their oil & gas well asset retirement objectives   

The updates to Zefiro’s senior management team structure best positions the Company to maximize efficiency and harness operational momentum

The reception, which is sponsored by the Global Alliance for a Sustainable Planet, will include a fireside chat featuring several members of the Company’s senior management team

The webinar, which the Company is co-hosting alongside its subsidiary Plants & Goodwin, has nearly 100 confirmed attendees, including key industry stakeholders as well as numerous officials from federal and state agencies in the United States.

Scott Motter’s guest editorial highlights the potential community benefits carbon credits generated via oil and gas well plugging projects can provide

With unique expertise in acquisitions and divestitures in the U.S. oil and gas industry from both legal and operational perspectives, Mr. Brooks was chosen to speak on a panel at an industry conference in Houston, where several “Supermajor” players were in attendance. As Zefiro’s Head of Operations, Mr. Brooks oversees the Company’s field-based activities in measuring/detecting emissions and plugging orphaned or abandoned wells.

As a Founding Partner of the Orphan & Idle Wells Texas conference, the Company had Matthew Brooks serve as its representative for the event’s “Plugging for Carbon Credits” discussion

The invitation-only gathering will feature presentations by members of Zefiro and XMC’s leadership teams regarding their work to invest in a more sustainable future

The visit, which Zefiro co-hosted with its subsidiary oil and gas well plugging operation Plants & Goodwin, highlighted both the Company’s ongoing well-plugging efforts and the public-private sector partnerships needed to help address this nationwide problem

With five decades of experience in Pennsylvania’s oil industry, Scott Motter is the latest addition to Zefiro's operations team based in the Appalachian region. As Zefiro's Field Operations Supervisor, Mr. Motter will be providing expert oversight of the Company's well-plugging operations as Zefiro continues to decommission inactive and harmful wells in the United States.

The Company’s membership in the trade association follows recent operational capacity investments in the Appalachia region

Transaction helps define the emerging market for methane emission offsets accredited via plugging orphaned oil & gas wells.

VANCOUVER, British Columbia, June 23, 2023 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (the “Company”, “Zefiro”, or “ZEFI”) is pleased to announce that an op-ed article authored by Zefiro Chief Executive Officer Curt Hopkins has been published by Buffalo News, which operates the largest newsroom in all of Western New York1. The op-ed, titled “Plugging Orphaned Oil and Gas Wells is Essential”, was published on June 18, 2023 under Buffalo News’ issues-oriented column “Another Voice”. Although Zefiro has already received media coverage from industry-oriented outlets (e.g., World Oil2), this publication is the first instance of mainstream media coverage since the Company’s formation in 2022. Buffalo News has an average daily distribution of over 56,000, and has more than 2.8 million unique visitors each month to its web edition with nearly 15 million total page views per month3.

Zefiro recently gained plugging and abandonment capabilities in New York, Pennsylvania, Ohio, and West Virginia through the acquisition of an operator that was established in 1970. On May 24, 2023, one of the world’s largest carbon registries published the first-ever methodology allowing carbon credits to be earned from plugging orphaned oil and gas wells. As a result, Zefiro now plans to accelerate its well-plugging operations to reduce methane emissions, which the Company can capitalize on by originating carbon credits as an additional revenue source.

VANCOUVER, British Columbia, May 19, 2023 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (the “Company”, “Zefiro”, or “ZEFI”) is pleased to announce that it has acquired a majority ownership stake in Plants & Goodwin, Inc. (“P&G”), a third-generation family business with more than 100 employees that specializes in oil and gas plugging and abandonment operations in New York, Pennsylvania, Ohio, and West Virginia. Zefiro expects this acquisition to position the Company to realize a strategy that includes being an integrated abandonment company for the oil and gas industry, decommissioning harmful abandoned wells as well as measuring, quantifying, and abating methane emissions, which affect the earth’s ecosystem in addition to the local communities in which orphaned and abandoned wells are located. With millions of such wells across the United States, in 2022 the Department of the Interior allocated USD $4.7 billion in funding to help plug orphaned oil and gas wells1.

VANCOUVER, British Columbia, March 28, 2023 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (the “Company”, “Zefiro”, or “ZEFI”) is pleased to announce that it has appointed Daryl Heald to the Company’s Board of Directors. As a globally renowned philanthropist who facilitates giving for high-net-worth families across four continents, Mr. Heald is beginning to focus on environmental causes based on the rapidly evolving situation of climate change resulting from causes such as oil and gas wells leaking carbon and methane. In a press release dated November 17, 2022, Zefiro announced its application to trade on the Canadian Securities Exchange (“CSE”).

First held in 2002, the Wall Street Green Summit is a two-day sustainable finance event focusing on key areas to include ESG investing/reporting, carbon markets, and clean energy solutions. On Monday, March 13, 2023, Zefiro Methane’s Chief Commercial Officer Tina Reine will be delivering an original presentation titled “Methane Capture for Carbon Offsets”. Additionally, Zefiro will be sponsoring the WSGS cocktail reception the same evening.

With 15 years of experience in the environmental markets, Ms. Reine is one of the founding members of J.P. Morgan’s carbon trading desk. Ms. Reine holds an MBA from Columbia Business School and will be leading Zefiro’s initiatives to optimize earnings from carbon offsets earned by completing orphaned and abandoned oil/gas wells.

VANCOUVER, British Columbia, Nov. 17, 2022 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (the “Company”, “Zefiro”, or “ZEFI”) is pleased to announce that it has applied to have its common shares trade on the Canadian Securities Exchange (“CSE”). Listing of the Company’s shares is subject to receipt of conditional listing approval from the CSE and fulfilling all of the CSE’s listing requirements.