StreetInsider.com News Articles

Zefiro Methane signs well-plugging deal with Well Done Foundation

Tue, 14 Jul 2026 05:02:17 -0400

Zefiro Methane Corp. (Cboe Canada: ZEFI, OTCQB: ZEFIF, FSE: Y6B) has entered into a teaming agreement with the Well Done Foundation (WDF) to plug orphan oil and gas wells across 13 U.S. states where Zefiro holds operating capabilities, according to a company press release.

Under the agreement, Zefiro has received an initial purchase order to plug ten wells at the Deep Fork National Wildlife Refuge in Oklahoma, located approximately 35 miles from Tulsa. An additional 20 wells are expected to be assigned to Zefiro in 2027 as part of WDF's existing contract with the U.S. Fish and Wildlife Service.

The two companies

Zefiro Forms a Strategic Partnership With the Well Done Foundation to Further Expand Its Well-Plugging Footprint in the United States

Tue, 14 Jul 2026 05:00:00 -0400

Zefiro has secured an initial purchase order for plugging ten wells in Oklahoma for the Well Done Foundation, an acclaimed non-profit founded in 2019 that has eliminated over five million metric tons of CO2 equivalent emissions by remediating orphan oil/gas wells.
As an established vendor for the Well Done Foundation, this strategic partnership will prioritize Zefiro as a plug-and-abandonment service provider for projects being led by WDF in the 13 U.S. states where Zefiro has operating capabilities.
As part of the teaming agreement, Zefiro and the Well Done Foundation will share a yard in Okmulgee, Oklahoma - which further establishes Zefiro's presence

Zefiro Forms a Strategic Partnership With the Well Done Foundation to Further Expand Its Well-Plugging Footprint in the United States

Tue, 14 Jul 2026 05:00:00 -0400

Zefiro has secured an initial purchase order for plugging ten wells in Oklahoma for the Well Done Foundation, an acclaimed non-profit founded in 2019 that has eliminated over five million metric tons of CO2 equivalent emissions by remediating orphan oil/gas wells.
As an established vendor for the Well Done Foundation, this strategic partnership will prioritize Zefiro as a plug-and-abandonment service provider for projects being led by WDF in the 13 U.S. states where Zefiro has operating capabilities.
As part of the teaming agreement, Zefiro and the Well Done Foundation will share a yard in Okmulgee, Oklahoma - which further establishes Zefiro's presence

Zefiro Builds Revenue Through Well-Plugging Work for Power Infrastructure with a Growing Focus on Data Center Energy Projects

Tue, 30 Jun 2026 05:00:00 -0400

With U.S. utility companies set to invest an estimated USD $1.4 trillion over the next five years¹ to strengthen the nation's power grid, Zefiro is capitalizing on the need for oil/gas wells to be plugged on sites where energy infrastructure facilities are being built.
This demand for additional power capacity is largely driven by AI data centers, which by the year 2030 could be responsible for up to 9% of all U.S. energy usage¹.
As a result of recent additions to Zefiro's equipment fleet and crew size, the Company is strategically positioned to align with these unique plug-and-abandonment opportunities as continued investments

Zefiro Builds Revenue Through Well-Plugging Work for Power Infrastructure with a Growing Focus on Data Center Energy Projects

Tue, 30 Jun 2026 05:00:00 -0400

With U.S. utility companies set to invest an estimated USD $1.4 trillion over the next five years¹ to strengthen the nation's power grid, Zefiro is capitalizing on the need for oil/gas wells to be plugged on sites where energy infrastructure facilities are being built.
This demand for additional power capacity is largely driven by AI data centers, which by the year 2030 could be responsible for up to 9% of all U.S. energy usage¹.
As a result of recent additions to Zefiro's equipment fleet and crew size, the Company is strategically positioned to align with these unique plug-and-abandonment opportunities as continued investments

Zefiro Subsidiary Awarded USD $2.4 Million in Additional Federally Funded Projects to Plug 12 Orphan Wells in Ohio

Wed, 17 Jun 2026 05:00:00 -0400

These projects were awarded last week, and Zefiro subsidiary P&G acted quickly to place bids in order to secure the contracts, adding the Company's near-term docket of environmental remediation work.
With its recently increased operating capacity across a wider geographical range, P&G now has the ability to rapidly capitalize on opportunities as new government funding is released in accordance with ramped-up efforts to plug America's orphaned wells.
As P&G was one of only two bidders on two of the three projects, it is further solidifying its market position as a dominant player in the bidding pool for these contracts, as a fully

Zefiro Subsidiary Awarded USD $2.4 Million in Additional Federally Funded Projects to Plug 12 Orphan Wells in Ohio

Wed, 17 Jun 2026 05:00:00 -0400

These projects were awarded last week, and Zefiro subsidiary P&G acted quickly to place bids in order to secure the contracts, adding the Company's near-term docket of environmental remediation work.
With its recently increased operating capacity across a wider geographical range, P&G now has the ability to rapidly capitalize on opportunities as new government funding is released in accordance with ramped-up efforts to plug America's orphaned wells.
As P&G was one of only two bidders on two of the three projects, it is further solidifying its market position as a dominant player in the bidding pool for these contracts, as a fully

Zefiro Methane raises C$3.3 million in private placement

Fri, 12 Jun 2026 05:02:12 -0400

Zefiro Methane Corp. (Cboe Canada: ZEFI) (FSE: Y6B) (OTCQB: ZEFIF) closed a non-brokered private placement raising gross proceeds of approximately C$3,300,050, according to a company statement.

The Toronto-based environmental services company issued 5,077,000 units at C$0.65 per unit. Each unit consists of one common share and one-half of one warrant. The warrants allow holders to purchase additional shares at C$0.80 each for 30 months from the issuance date.

Zefiro plans to use the net proceeds to acquire well-plugging equipment, expand operations into its first international market, and for general working capital. The company also indicated it may apply funds toward strategic acquisition

Zefiro Announces Closing of Non-Brokered Private Placement for Gross Proceeds of Approximately C$3.3 Million from Strategic Investors

Fri, 12 Jun 2026 05:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - June 12, 2026) - ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (FSE: Y6B) (OTCQB: ZEFIF) (the "Company", "Zefiro", or "ZEFI") is pleased to announce that it has closed a non-brokered private placement for gross proceeds of approximately C$3,300,050 (the "Offering").
Pursuant to the Offering, the Company issued an aggregate of 5,077,000 units of the Company (the "Units") at a price of C$0.65 per Unit for gross proceeds of C$3,300,050. Each Unit consists of one common voting share in the capital of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a

Zefiro Announces Closing of Non-Brokered Private Placement for Gross Proceeds of Approximately C$3.3 Million from Strategic Investors

Fri, 12 Jun 2026 05:00:00 -0400

Toronto, Ontario--(Newsfile Corp. - June 12, 2026) - ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (FSE: Y6B) (OTCQB: ZEFIF) (the "Company", "Zefiro", or "ZEFI") is pleased to announce that it has closed a non-brokered private placement for gross proceeds of approximately C$3,300,050 (the "Offering").
Pursuant to the Offering, the Company issued an aggregate of 5,077,000 units of the Company (the "Units") at a price of C$0.65 per Unit for gross proceeds of C$3,300,050. Each Unit consists of one common voting share in the capital of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole warrant, a

Zefiro Onboards Four Major Corporate Energy Clients as New Accounts Following Its Recent Fleet Expansion

Wed, 10 Jun 2026 05:00:00 -0400

With its increased operating capacity, Zefiro has taken on new corporate clients including three publicly traded players in the energy space whose combined market capitalization exceeds USD $140 billion.
This builds upon Zefiro's recent additional rig deployment for a natural gas producer that was partly made possible by the introduction of five more rigs to Zefiro's fleet.
These developments are helping to substantiate management's prediction that the acquisition of these rigs/equipment will add approximately USD $10 million in annual revenue to the Company's earnings.
The work to be performed for these new accounts will primarily take place in Ohio, where Zefiro subsidiary

Zefiro Onboards Four Major Corporate Energy Clients as New Accounts Following Its Recent Fleet Expansion

Wed, 10 Jun 2026 05:00:00 -0400

With its increased operating capacity, Zefiro has taken on new corporate clients including three publicly traded players in the energy space whose combined market capitalization exceeds USD $140 billion.
This builds upon Zefiro's recent additional rig deployment for a natural gas producer that was partly made possible by the introduction of five more rigs to Zefiro's fleet.
These developments are helping to substantiate management's prediction that the acquisition of these rigs/equipment will add approximately USD $10 million in annual revenue to the Company's earnings.
The work to be performed for these new accounts will primarily take place in Ohio, where Zefiro subsidiary

Zefiro Methane appoints Correne Loeffler as CFO

Mon, 01 Jun 2026 17:32:15 -0400

Zefiro Methane Corp. (Cboe Canada: ZEFI) (FSE: Y6B) (OTCQB: ZEFIF) appointed Correne Loeffler as Chief Financial Officer effective June 1, 2026, according to a company statement. Loeffler replaces interim CFO Michael Downs, who served in the role since June 2025.

Loeffler brings more than 20 years of experience in corporate and investment banking and previously served as CFO at publicly traded energy companies including Callon Petroleum, Whiting Petroleum, and Key Energy Services. Most recently, she was CFO at Key Energy Services, where she helped strengthen the company's financial position following its 2020 restructuring.

In her new role at Zefiro, Loeffler will oversee

Zefiro Announces Appointment of Correne Loeffler as Chief Financial Officer

Mon, 01 Jun 2026 17:30:00 -0400

Bradford, Pennsylvania--(Newsfile Corp. - June 1, 2026) - ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (FSE: Y6B) (OTCQB: ZEFIF) (the "Company", "Zefiro", or "ZEFI") today announced the appointment of Correne Loeffler as Chief Financial Officer ("CFO"), effective June 1, 2026. Mrs. Loeffler succeeds interim CFO Michael Downs, who has served in the role since June 2025.
Mrs. Loeffler brings more than 20 years of experience in corporate and investment banking and has served as Chief Financial Officer of several publicly traded organizations operating within the energy sector, including Callon Petroleum, Whiting Petroleum, and Key Energy Services. Most recently, she served as

Zefiro Announces Appointment of Correne Loeffler as Chief Financial Officer

Mon, 01 Jun 2026 17:30:00 -0400

Bradford, Pennsylvania--(Newsfile Corp. - June 1, 2026) - ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (FSE: Y6B) (OTCQB: ZEFIF) (the "Company", "Zefiro", or "ZEFI") today announced the appointment of Correne Loeffler as Chief Financial Officer ("CFO"), effective June 1, 2026. Mrs. Loeffler succeeds interim CFO Michael Downs, who has served in the role since June 2025.
Mrs. Loeffler brings more than 20 years of experience in corporate and investment banking and has served as Chief Financial Officer of several publicly traded organizations operating within the energy sector, including Callon Petroleum, Whiting Petroleum, and Key Energy Services. Most recently, she served as

Zefiro Subsidiary Deploying Second and Third Rigs for Major U.S. Natural Gas Producer

Tue, 26 May 2026 05:00:00 -0400

One of Zefiro subsidiary P&G's major corporate clients is ramping up its annual plug and abandonment campaign for 2026. One rig was already under contract for the full year, though two additional rigs are being engaged to actively service an increased workload.
This campaign will consist of at least 26 wells in PA, NY, WV, and KY, most of which will require specialized advanced tactics to properly plug compared to ordinary oil/gas wells.
Although P&G's fleet was already fully committed, the addition of new rigs through a recent strategic equipment acquisition will allow for a third rig to be deployed.
After reporting

Zefiro Subsidiary Deploying Second and Third Rigs for Major U.S. Natural Gas Producer

Tue, 26 May 2026 05:00:00 -0400

One of Zefiro subsidiary P&G's major corporate clients is ramping up its annual plug and abandonment campaign for 2026. One rig was already under contract for the full year, though two additional rigs are being engaged to actively service an increased workload.
This campaign will consist of at least 26 wells in PA, NY, WV, and KY, most of which will require specialized advanced tactics to properly plug compared to ordinary oil/gas wells.
Although P&G's fleet was already fully committed, the addition of new rigs through a recent strategic equipment acquisition will allow for a third rig to be deployed.
After reporting

CEO.CA's Inside the Boardroom: Zefiro Methane Reports Three Straight Profitable Quarters for 2026

Tue, 19 May 2026 07:30:00 -0400

Toronto, Ontario--(Newsfile Corp. - May 19, 2026) - CEO.CA ("CEO.CA"), the leading investor social network in venture stocks, shares exclusive updates with CEOs and executives from around the globe.
Founded in 2012, CEO.CA, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial websites and apps in Canada and for investors globally - with industry leading audience engagement and mobile functionality. Millions of people visit CEO.CA each year to connect with investors from around the world, share knowledge and view impactful stories about stocks, commodities, and emerging companies.
'Inside the Boardroom' is more than just

CEO.CA's Inside the Boardroom: Zefiro Methane Reports Three Straight Profitable Quarters for 2026

Tue, 19 May 2026 07:30:00 -0400

Toronto, Ontario--(Newsfile Corp. - May 19, 2026) - CEO.CA ("CEO.CA"), the leading investor social network in venture stocks, shares exclusive updates with CEOs and executives from around the globe.
Founded in 2012, CEO.CA, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial websites and apps in Canada and for investors globally - with industry leading audience engagement and mobile functionality. Millions of people visit CEO.CA each year to connect with investors from around the world, share knowledge and view impactful stories about stocks, commodities, and emerging companies.
'Inside the Boardroom' is more than just

Zefiro Methane Corp. Announces Quarterly Earnings Results, Reporting Record Revenue of USD $33 Million Through the First Nine Months of Its 2026 Fiscal Year

Thu, 14 May 2026 17:01:00 -0400

Zefiro's Fiscal Q3 2026 marked the third consecutive quarter of positive adjusted EBITDA, totaling approximately USD $4.25 million year to date.
Compared to Fiscal Q3 of the previous year, Zefiro increased its gross profit by over USD $1.5 million (+153%).
Zefiro also grew its revenue by over USD $4 million (+58%).
These results were achieved while also reducing Zefiro's operating expenses by more than 14% and almost entirely overcoming the negative adjusted income from the previous year's Fiscal Q3.
Through key operational strategies, Zefiro was able to transcend the impacts of winter conditions during the months of January through March by performing methane monitoring

Zefiro Methane Corp. Announces Quarterly Earnings Results, Reporting Record Revenue of USD $33 Million Through the First Nine Months of Its 2026 Fiscal Year

Thu, 14 May 2026 17:01:00 -0400

Zefiro's Fiscal Q3 2026 marked the third consecutive quarter of positive adjusted EBITDA, totaling approximately USD $4.25 million year to date.
Compared to Fiscal Q3 of the previous year, Zefiro increased its gross profit by over USD $1.5 million (+153%).
Zefiro also grew its revenue by over USD $4 million (+58%).
These results were achieved while also reducing Zefiro's operating expenses by more than 14% and almost entirely overcoming the negative adjusted income from the previous year's Fiscal Q3.
Through key operational strategies, Zefiro was able to transcend the impacts of winter conditions during the months of January through March by performing methane monitoring

Zefiro completes $4.3 million Viking Well Service equipment acquisition

Wed, 06 May 2026 17:32:13 -0400

Zefiro Methane Corp. (CBOE CA: ZEFI) (OTCQB: ZEFIF) completed a $4.3 million acquisition of Viking Well Service equipment through its subsidiary Zefiro Ohio Holdings LLC, according to a company statement.

The transaction includes five derrick rigs and two rig-assist snubbing units, along with trucks, trailers, catwalks, pumps, and power swivels. The purchase price consists of $1.4 million in cash and a $2.9 million seller's note at 7% annual interest, with the principal due April 30, 2027.

The acquisition expands Zefiro's operations into five new states: New Jersey, Michigan, Indiana, Illinois, and Iowa. The company also expanded its presence in four existing operational

Zefiro Closes Acquisition of Rigs and Equipment Set to Boost Annual Revenue by over USD $10 Million

Wed, 06 May 2026 17:30:00 -0400

Zefiro has successfully closed on a USD $4.3 million agreement to acquire the equipment of Viking Well Service which includes five derrick rigs as well as several other key units of machinery to be added to Zefiro's fleet.
As a result of this acquisition, Zefiro will have coverage in five new states where it has not previously operated (New Jersey, Michigan, Indiana, Illinois, and Iowa) while also expanding its footprint in four existing states.
This added geographical coverage and increased total operating capacity is expected to boost Zefiro's annual revenue by approximately USD $10 million per year in the near term. This

Zefiro Closes Acquisition of Rigs and Equipment Set to Boost Annual Revenue by over USD $10 Million

Wed, 06 May 2026 17:30:00 -0400

Zefiro has successfully closed on a USD $4.3 million agreement to acquire the equipment of Viking Well Service which includes five derrick rigs as well as several other key units of machinery to be added to Zefiro's fleet.
As a result of this acquisition, Zefiro will have coverage in five new states where it has not previously operated (New Jersey, Michigan, Indiana, Illinois, and Iowa) while also expanding its footprint in four existing states.
This added geographical coverage and increased total operating capacity is expected to boost Zefiro's annual revenue by approximately USD $10 million per year in the near term. This

Zefiro Successfully Completes All Pre-Plugging Measurements for Its West Virginia Methane Emissions Reduction Program Contract

Wed, 29 Apr 2026 07:30:00 -0400

After finishing approximately USD $850,000 worth of methane measurement work for 849 wells between October 2025 and April 2026, Zefiro is set to realize approximately USD $450,000 in additional revenue from post-plugging readings to be done under the same contract.
For this methane monitoring work, Zefiro realized approximately double the profit margin that it ordinarily earns from its plug-and-abandonment work. As Zefiro scales the methane monitoring component of its business, this is expected to enhance the Company's profit margins at a macro level.
As part of the process of taking these measurements, Zefiro utilized its proprietary and patent-pending wellhead containment solution which