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Zefiro Is Turning Methane Leaking Oil and Gas Wells Into Revenue

May 16, 2024
x min read
Zefiro Is Turning Methane Leaking Oil and Gas Wells Into Revenue

Methane leaks from abandoned oil and gas well are a big problem for the environment. Now, Zefiro Methane is turning them into a big opportunity.

What’s happening:

  • Zefiro Methane (CBOE: ZEFI) has announced new record breaking revenue driven by their operations of reducing methane emissions of abandoned oil and gas wells

By the numbers:

  • In their most recent quarter, Zefiro generated $8.5M USD in total revenue
  • This represents an increase of approximately 10% in revenue from their previous quarter

Why it matters:

  • Abandoned oil and gas wells are an enormous problem across the United States due to their methane emissions that leak into the atmosphere
  • Methane is significantly worse for the atmosphere than carbon emissions, due to methane trapping more heat per molecule than carbon dioxide

Going deeper:

  • Zefiro previously announced their first methane reduction carbon credits being listed on the American Carbon Registry, one of the leading carbon credit programs globally
  • Zefiro also recently opened a new facility in Buckhannon, West Virginia to expand their oil and gas well plugging operations

The intrigue:

  • In West Virgina alone there are more than 6,300 abandoned oil and gas wells, which has led to the state of Virgina providing government funding to help reduce methane emissions caused by old energy infrastructure

Disclaimer

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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