Zefiro Methane Corp. Subsidiary Completes Oil & Gas Well Plugging Project in Cuyahoga Valley National Park

FORT LAUDERDALE, Fla., Feb. 28, 2024 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (the "Company", "Zefiro", or "ZEFI") today announced that its subsidiary Plants & Goodwin, Inc. ("P&G"), a leading Pennsylvania-based oil and gas well plugging operation, helped complete a well plugging project within the Cuyahoga Valley National Park near Akron, Ohio. The unplugged wells, which P&G were subcontracted to help seal by North Wind Site Services, LLC ("North Wind"), were located near the park's Ohio & Erie Canal Towpath Trail, and the project was completed to ensure that the sites would not develop into environmental hazards that could threaten the health of the park's staff and visitors.

Pictured: A member of Zefiro's on-site crew at Cuyahoga Valley National Park near Akron, Ohio helping seal an unplugged oil well.

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The project is the latest in a series of publicly-funded, groundbreaking assignments that Zefiro and its subsidiaries have undertaken to help address this nationwide problem, including helping complete the State of New York's first orphan well plugging operation that used funding from the Infrastructure Investment and Jobs Act ("Bipartisan Infrastructure Law"). According to the latest expert estimates, there are millions of orphaned and abandoned oil and gas wells throughout the U.S., with the potential for many of these sites to be unplugged.

"Whether an unplugged oil and gas well is located next to a school, business, or just off a trail of one of America's most beautiful national parks, the potential environmental risk it poses cannot be allowed to fester," said Talal Debs, Founder & Chief Executive Officer, Zefiro Methane Corp. "Our team is proud to have worked side-by-side with our federal government and industry colleagues to complete this important project, and we look forward to helping more communities throughout the country confront this legacy public health issue."

On behalf of the Board of Directors of the Company,

ZEFIRO METHANE CORP.

"Talal Debs"

Talal Debs, Founder & CEO

For further information, please contact:

Zefiro Investor Relations
1 (800) 274-ZEFI (274-9334)
[email protected] 

For media inquiries, please contact:

Rich Myers - Profile Advisors (New York)
[email protected]
(347) 774-1125

About Zefiro Methane Corp. 

Zefiro develops methodologies to reduce methane emissions by plugging orphaned and abandoned oil/gas wells, while originating carbon offsets. Under executive leadership to include the former carbon market team at J.P. Morgan, Zefiro actively deploys crews to decommission wells throughout the United States. With unprecedented global demand for carbon offsets as corporations and institutions work towards net-zero targets, Zefiro is strategically aligning with industry leaders for a greener future.

Forward-Looking Statements

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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5f9b2186-70f8-4f7b-8187-82fca51f0482