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The New Public Company Reducing Methane Emissions From Oil and Gas Wells

April 23, 2024
x min read

When oil and gas wells are abandoned, they still continue to leak methane. And now, a new publicly traded company in Canada is aiming to capture those emissions and turn them into carbon credits.

What’s happening:

  • Methane emission reduction company Zefiro Methane (CBOE:ZEFI) has officially begun trading on the Cboe Canada

The big idea:

  • There are millions of abandoned oil and gas wells across the United States that leak methane emissions into the environment
  • Zefiro Methane plugs these oil and gas wells to reduce their overall methane emissions
  • Zefiro is then able to turn the verifiable reduction of methane into high quality carbon credits which can be sold into the carbon credit offset market

By the numbers:

  • The United States Inflation Reduction Act has imposed a penalty of $900 per metric ton of methane emissions for oil and gas companies, which incentivizes energy companies to urgently address methane leaks within their operations
  • In the Untied States there are currently more than 1M abandoned oil and gas wells leaking methane across 26 different states

Why it matters:

Going deeper:

  • Zefiro has established a pre sale offtake agreement with multinational commodity trading company Mercuria Energy America to purchase the carbon credits being generated by Zefiro from reducing methane emissions at orphaned oil and gas wells


The New Money provides background information on early stage companies from publicly available sources. The New Money provides no advice on dealing in securities, is not a financial adviser and does not pretend to be so. This message is meant for information and educational purposes only. The information contained in this email is not to be considered factual or complete. Anybody interested in obtaining financial and other information on companies mentioned is advised to get it direct from the companies, or from their own investment adviser. The New Money does not intend for this information to be used to inform an investment decision. The New Money has been compensated by Zefiro Methane Corp. for a media campaign, which affects our ability to be unbiased. The Principals of The New Money may buy or sell shares of Zefiro Methane Corp. without further notice. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities. The New Money and its principals and agents are not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Always do your own research and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy or Sell securities. No representation is being made that any stock trade will or is likely to achieve profits. Comparisons made to other featured companies or past performance is not indicative of future results.

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