Zefiro Methane Corp. announced that its subsidiary Plants & Goodwin has been awarded three well-remediation projects by the Ohio Department of Natural Resources, expected to generate approximately USD $2.4 million in combined revenue. The contracts, funded under the Infrastructure Investment and Jobs Act which allocates USD $4.7 billion for plugging orphaned wells nationwide, cover 12 orphan wells plus one water well across Lorain and Gallia counties, with work set to begin in July 2026. Management expects the revenue to be realized during the first quarter of Zefiro's 2027 fiscal year, ending September 30, 2026, at an average rate of nearly USD $200,000 per well—roughly 50% higher than the ODNR's 2022 average plugging cost of USD $129,997.93 per well. P&G was one of only two bidders on two of the three projects, reinforcing its dominant market position as a fully integrated service provider active since 1970. These awards add to P&G's existing ODNR portfolio, which includes a USD $4.5 million project for 37 wells and a three-year Construction Manager at Risk contract under the Methane Emissions Reduction Program expected to generate approximately USD $19.6 million through May 2029.
Procter & Gamble Company