Zefiro Chases Fed $$ to WV to Plug Orphan Wells, Issue Offsets
One year ago, MDN told you about Zefiro Methane Corp., a private “methane offsets originator” headquartered in Vancouver, British Columbia, acquiring a majority ownership stake in Plants & Goodwin (P&G), an OFS and oil well-plugging company located in Bradford (McKean County), Pennsylvania, for an undisclosed sum (see Canadian Methane Offsets Co. Buys Northwest Pa. Well Plugging Co.). Zefiro and its P&G subsidiary announced yesterday they are establishing a second P&G facility in the Marcellus/Utica, this one in Buckhannon (Upshur County), West Virginia. Why? To chase $29 million of federal money now flowing to WV to plug orphan wells. Follow the money…
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