Zefiro Methane Acquires Pennsylvania-Based Oil/Gas Well-Plugging Company Plants & Goodwin
Acquiring Company
Zefiro Methane Corp
Acquired Company
Plants & Goodwin
Fort LauderdaleBradfordEnergyOil And GasRenewable EnergyOil And GasDescription
ZEFIRO METHANE CORP. (the “Company”, “Zefiro”, or “ZEFI”) is pleased to announce that it has acquired a majority ownership stake in Plants & Goodwin, Inc. (“P&G”), a third-generation family business with more than 100 employees that specializes in oil and gas plugging and abandonment operations in New York, Pennsylvania, Ohio, and West Virginia. Zefiro expects this acquisition to position the Company to realize a strategy that includes being an integrated abandonment company for the oil and gas industry, decommissioning harmful abandoned wells as well as measuring, quantifying, and abating methane emissions, which affect the earth’s ecosystem in addition to the local communities in which orphaned and abandoned wells are located. With millions of such wells across the United States, in 2022 the Department of the Interior allocated USD $4.7 billion in funding to help plug orphaned oil and gas wells1.
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Frequently asked
Who acquired Plants & Goodwin?
Plants & Goodwin was acquired by Zefiro Methane Corp, based in Fort Lauderdale. The deal was reported on May 19, 2023. Zefiro develops methodologies to reduce methane emissions by plugging orphaned and abandoned oil/gas wells, while originating carbon offsets. Under executive leadership to include the former carbon market team at J.P. Zefiro Methane Corp is privately held and operates in Energy.
When did Zefiro Methane Corp acquire Plants & Goodwin?
Zefiro Methane Corp's acquisition of Plants & Goodwin was reported on May 19, 2023. ZEFIRO METHANE CORP. (the “Company”, “Zefiro”, or “ZEFI”) is pleased to announce that it has acquired a majority ownership stake in Plants & Goodwin, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Plants & Goodwin do?
Plants & Goodwin Inc. is the industry expert in plugging and abandonment operations in the Appalachian Basin. It is privately held, operating in Oil And Gas, and is based in Bradford.
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