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Press Release

Zefiro Methane’s First Carbon Offset Sale: Turning Orphan Wells Into Climate Assets

Published by Todd Bush on August 21, 2025

Zefiro Methane has announced the completion of its first-ever sale of carbon offsets. This is a major milestone in its mission to reduce methane emissions from abandoned oil and gas wells.

The offsets came from the American Carbon Registry (ACR)’s orphan well method. This is the first time such credits have entered the carbon market.

A project in Custer County, Oklahoma, generated the credits when Zefiro successfully sealed a deep abandoned gas well. The remediation took out almost 5,000 feet of casing. It also cut down CO₂ equivalent emissions by 92,956 metric tonnes.

This first batch of ACR-issued carbon credits is sold to Mercuria Energy America. It is the U.S. arm of a major global energy and commodities company.

Methane is a powerful greenhouse gas, trapping heat up to 80 times more effectively than carbon dioxide over a 20-year period. Addressing leaks from orphan wells is one of the fastest ways to cut harmful emissions.

This first sale confirms Zefiro’s ability to turn environmental challenges into tradable climate assets. It also highlights the growing importance of high-quality carbon credits in meeting global emissions reduction goals.

Zefiro’s Chief Executive Officer, Catherine Flax, remarked:

“The successful issuance and delivery of Zefiro’s very first carbon credits is a landmark development not just for us as a company, but also for the voluntary carbon markets as a category in which new standards are being set. With this Methodology that allows carbon offsets to be generated directly from the remediation of orphaned oil/gas wells, there is now a clear and straightforward blueprint in which the voluntary carbon markets can be leveraged as a funding source for leaking wells to be plugged without needing to rely on taxpayer resources…”

>> In Other News: Q Precious & Battery Metals Corp. (QMET) Extends Nova Scotia Natural Hydrogen Discovery with Results up to 1,840 ppm

The Scale of the Orphan Well Problem

The U.S. is home to an estimated 4 million abandoned or orphaned oil and gas wells, spread across at least 26 states. Many of these wells continue to leak methane into the atmosphere, posing both environmental and health risks. Methane contributes not only to climate change but also to poor air quality that can affect local communities.

Plugging and sealing wells is expensive and technically complex. Some wells are over a hundred years old. Often, there are missing ownership records. This means no company is legally responsible for cleanup.

The challenge is huge. Thus, the U.S. federal government set aside $4.7 billion through the Bipartisan Infrastructure Law. This money will help states tackle orphan wells. Even so, private sector involvement is needed to scale solutions.

This is where Zefiro Methane comes in. The company creates carbon offset credits from verified well closures. This helps provide extra funding to address the issue. Companies and institutions can now invest in projects that reduce their emissions while also benefiting the community.

Building Trust and Credibility in Carbon Markets

A key part of Zefiro’s progress has been establishing credibility with recognized registries and independent auditors. In April 2024, Zefiro registered its first project. This was with the American Carbon Registry, a respected carbon offset standard with a long history. This ensured its credits met rigorous criteria for transparency, permanence, and environmental integrity.

The company has also partnered with TÜV SÜD, an international certification body, to provide validation and verification of its projects. This third-party oversight ensures that the credits represent real and measurable emissions reductions.

This credibility matters. In voluntary carbon markets, not all credits are created equal. Buyers increasingly demand proof that projects are scientifically sound and environmentally effective.

With credibility established, Zefiro has begun to scale its operations, moving from single projects to broader national initiatives.

Scaling Up Methane Solutions

Zefiro has grown rapidly in recent years to support its methane reduction efforts. The company acquired Plants & Goodwin, a well-plugging expert from Pennsylvania. This adds decades of experience and boosts its technical skills.

The company also became a publicly traded company on the Cboe Canada exchange, giving it greater visibility and access to capital.

Beyond remediation, Zefiro has entered the methane monitoring market. In 2025, it got its first contract from the EPA’s Methane Emissions Reduction Program. This program is backed by funding from the Inflation Reduction Act. This expansion allows Zefiro not only to plug wells but also to track and verify emissions reductions in real time.

Together, these moves show Zefiro’s ambition to become a leader in the methane abatement space. The sale of offsets marks the shift from early-stage development to active participation in both remediation and carbon markets.

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