Zefiro Methane

What Zefiro Methane does

Zefiro Methane Corp. is a public environmental services company (Cboe Canada: ZEFI; OTCQB: ZEFIF) that plugs orphaned, abandoned, and marginal oil and gas wells in the United States and monetizes the resulting methane abatement as verified carbon credits. Operations are executed primarily through majority-owned subsidiary Plants & Goodwin, Inc. (P&G), a 1970-founded third-generation family contractor with approximately 100 employees and its own rig fleet across New York, Pennsylvania, Ohio, West Virginia, and now 13 states total following the May 2026 acquisition of Viking Well Service's equipment. Adjacent capabilities include wholly-owned wireline services via Appalachian Well Surveys (acquired December 2023) and exclusive U.S. licenses to REED casing expansion technology (Radial Casing Solutions) and Winterhawk's casing expansion patents, plus a proprietary patent-pending wellhead containment solution used for methane quantification.

The company generates revenue from four streams: (i) government plug-and-abandonment contracts funded by the Infrastructure Investment and Jobs Act and Inflation Reduction Act (notably a $19.6M three-year CMAR award from ODNR), (ii) private-sector decommissioning for natural gas producers and data center power infrastructure developers, (iii) EPA MERP methane monitoring and quantification services at roughly double the margins of plugging work, and (iv) origination and sale of carbon credits through the American Carbon Registry's orphan well methodology, sold to counterparties including Mercuria Energy America and EDF Trading. Zefiro was the first project developer to sell credits under ACR's orphan well methodology in 2024.

Zefiro's go-to-market is direct enterprise and field sales targeting government procurement officers via competitive bidding, with subcontracting relationships (e.g., North Wind Site Services for WVDEP MERP work) used to enter new programs. The business scaled from $12.1M revenue in FY2025 to a projected $40M+ in FY2026, reaching three consecutive quarters of positive adjusted EBITDA, and is pursuing geographic expansion including its first international market funded by a C$3.3M private placement closed in June 2026.

Name

Zefiro Methane

Legal name

Zefiro Methane Corp.

Website

https://zefiromethane.com

Company type

Public

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

Zefiro Methane plugs orphaned U.S. oil and gas wells and monetizes methane abatement as verified carbon credits, serving state and federal agencies, private energy operators, and data center infrastructure developers through its subsidiary Plants & Goodwin across 13 states.

Ownership category

akta.pro rank

Product category

Environmental Services / Oil & Gas Well Plugging

NAICS

Natural Gas Extraction (21113)

SIC

Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Methane Abatement Projects (Landfill Gas, Manure, Coal Mine Methane, O&G Methane) (EUABABAL)

akta.pro secondary industries

Advanced Leak Quantification & Emissions Measurement (Methane Quantification/OGI/Flux) (EUAJADAK), RNG Tracking, Certification & Environmental Attributes (RINs/LCFS/GoO) (EUAJAJAD)

Keywords

• Environmental services
• Well plugging
• Methane monitoring
• Carbon credits
• Well abandonment

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Environmental Services - Government Contracts: Revenue from state and federal government contracts for orphaned and marginal well plugging, remediation, and methane monitoring. Includes CMAR (Construction Manager at Risk) contracts with ODNR, EPA MERP contracts, and IIJA-funded programs. Contract values range from hundreds of thousands to tens of millions of dollars.
2. Environmental Services - Private Sector: Well-plugging and decommissioning services for private energy producers, including major natural gas producers and data center energy infrastructure operators. Includes wastewater disposal well remediation for private operators.
3. Environmental Markets - Carbon Credits: Revenue from origination and sale of carbon credits generated through methane emission reductions from plugged wells. Zefiro became the first project developer to sell carbon credits originated under ACR's orphan well methodology. Carbon offset sales to counterparties including Mercuria Energy America and EDF Trading.
4. Methane Monitoring Services: Standalone methane monitoring and quantification services for state agencies (West Virginia DEP, Pennsylvania) under EPA's Methane Emissions Reduction Program. Pre-plugging and post-plugging measurements generate revenue with lower CapEx/OpEx burdens than P&A work, with profit margins approximately double those of plug-and-abandonment operations.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Zefiro Methane is an environmental services company that specializes in the plugging and abandonment of orphaned, abandoned, and active oil and gas wells across the United States, primarily through its subsidiary Plants & Goodwin. The company also provides methane emissions monitoring and quantification services, and originates verified carbon credits generated through its well plugging operations. It operates a fleet of well service equipment across 13 U.S. states and licenses casing expansion technology from REED and Winterhawk.

Product overview

Zefiro Methane is an environmental services company offering a suite of integrated well-plugging and methane abatement solutions. The company operates primarily through its subsidiary Plants & Goodwin, Inc. (P&G), a third-generation family business acquired in 2023 with over 50 years of experience in oil and gas plugging operations. Services include methane emissions monitoring and quantification under the EPA's Methane Emissions Reduction Program (MERP), turnkey decommissioning of orphaned and abandoned wells, and carbon credit origination verified through the American Carbon Registry (ACR). The company also commercializes proprietary technologies including the patented REED casing expansion technology for sealing wellbore leak pathways. The portfolio spans environmental services (well plugging, remediation, methane monitoring) and environmental markets (carbon offset origination) segments, enabling Zefiro to generate revenue from both government contracts and carbon credit sales.

Differentiator

Problem solved

Functional benefit

Products and services

• Well Plugging and Abandonment Services Turnkey plugging and abandonment of oil and gas wells delivered through the Plants & Goodwin subsidiary to government agencies (federal/state orphan well programs) and private energy operators with asset retirement obligations.
• Methane Emissions Monitoring and Quantification Quantification and verification of methane emissions reductions associated with plugging orphan and abandoned wells, used to substantiate carbon credit issuance and support regulatory compliance for government and private clients.
• Carbon Credit Origination Origination of verified carbon credits derived from methane emissions reductions at plugged wells; credits are issued via recognized registries and sold to voluntary carbon market participants, including data center infrastructure developers and corporate ESG buyers.

Quantifiable outcome

• Revenue of $22.2 million in H1 2026, up 27% year-over-year, with $3.8 million adjusted EBITDA
• +5 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered key, core, regulatory and major.

• North Wind Site Services, LLCkeyImplementation/ SI/ Consulting Partner · 28 July 2025Zefiro acts as subcontractor to North Wind Site Services for methane monitoring projects awarded by West Virginia Department of Environmental Protection under EPA's Methane Emissions Reduction Program.
• U.S. Environmental Protection Agency (EPA)coreStrategic or Co-development Partner · 28 July 2025EPA administers the Methane Emissions Reduction Program (MERP) providing $1.36 billion in funding, with $850 million specifically for methane monitoring and quantification. Zefiro receives project funding through state agencies as part of this federal program.
• Ohio Department of Natural Resources (ODNR)coreStrategic or Co-development Partner · 18 June 2025ODNR awarded P&G a three-year CMAR contract totaling $19.6 million for plugging and abandonment of approximately 200 marginal wells. This is one of Zefiro's largest government contracts, funded through federal grant programs.
• Winterhawk Well Abandonment Ltd.coreTechnology or Integration · 14 August 2024P&G acquired a minority stake in Winterhawk and obtained an exclusive U.S. patent license for Winterhawk's casing expansion technology. This strategic move addresses methane leaks and expands Zefiro's methane abatement capabilities in the United States.
• SEC (U.S. Securities and Exchange Commission)regulatoryOthers · 17 November 2023Zefiro Methane Corp. submitted Notice of Exempt Offering of Securities with total amount sold of $98,388 USD. Company is incorporated in British Columbia, Canada and subject to SEC reporting requirements for U.S. securities offerings.
• Mercuria Energy America, LLCcoreOthers · 13 July 2023Pre-sold certified carbon credits from Zefiro's methane emission offset portfolio. Mercuria is the U.S. division of one of the world's largest independent energy and commodities groups, helping set the emerging market for methane emission offsets.
• Plants & Goodwin, Inc. (P&G)coreStrategic or Co-development Partner · 19 May 2023Zefiro acquired majority ownership stake in P&G, a third-generation family business founded in 1970 with approximately 100 employees specializing in oil and gas plugging and abandonment operations in New York, Pennsylvania, Ohio, and West Virginia. P&G provides vertically integrated solutions including P&A operations, upstream workover, well completions, and cementing services.
• Radial Casing SolutionscoreTechnology or IntegrationP&G holds exclusive U.S. licensing rights for the REED casing expansion technology through Radial Casing Solutions. The technology uses hydraulic pressure to expand elastomer elements inside wellbore casing to seal leak pathways.
• EDF TradingmajorOthersPurchased carbon credits from Zefiro alongside Mercuria Energy America as part of Zefiro's carbon offset sales program. EDF Trading is a major energy trading company.

Scale indicators24 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Clean Harbors: Largest North American environmental services company providing waste management, remediation, and field services to oil and gas, industrial, and government customers. Comparable to Zefiro as an established environmental services operator serving government and energy clients with field-based remediation capabilities.
• TRC Companies: Engineering, consulting, and field services firm with deep environmental remediation and energy transition practices serving utilities, oil and gas operators, and government agencies. Comparable to Zefiro in delivering environmental field services and remediation to public and private energy clients.
• Republic Services: Major U.S. environmental services and waste management company with energy and industrial remediation offerings. Comparable to Zefiro as a broad environmental services platform that also monetizes methane-related environmental attributes from landfill gas recovery.
• Stericycle: Specialty environmental services provider offering regulated waste, compliance, and field services to energy, healthcare, and industrial customers. Comparable as a scaled environmental services operator with overlapping regulated-waste and remediation capabilities for energy sector clients.
• Charah Solutions: Environmental services and materials company serving the energy sector with ash management, remediation, and environmental compliance offerings. Comparable to Zefiro as an environmental services firm whose core revenue mix is tied to energy-sector remediation work.

Direct peers

• Montrose Environmental Group: Environmental testing, advisory, and methane/emissions measurement services to oil and gas operators, utilities, and government agencies. Directly comparable to Zefiro's methane monitoring and quantification business under EPA's MERP and similar programs.
• BKV Corporation: Integrated natural gas producer with a stated focus on methane abatement and carbon capture/sequestration tied to its upstream production. Comparable to Zefiro in combining natural gas value-chain activities with monetization of methane emission reductions via environmental markets.

Emerging players

• Cloverly: Carbon credit marketplace and API platform enabling companies to purchase verified offsets including methane reduction credits. Comparable to Zefiro as a counterpart in the voluntary carbon market ecosystem, particularly for institutional buyers of methane abatement credits.
• Aeromon: Methane and emissions detection technology company using drone- and sensor-based quantification for oil and gas operators. Comparable to Zefiro as a methane measurement and quantification peer addressing the same EPA MERP-style monitoring requirements.
• SeekOps: Methane detection and quantification technology provider for oil and gas sites using optical gas imaging and sensor platforms. Comparable to Zefiro as a measurement-side participant in the methane abatement value chain that the company monetizes via carbon credits.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/zefiromethane
• LinkedInlinkedin.com/company/zefiro-methane-corp
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds7 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Zefiro Methane