In 2023, Zefiro acquired Plants & Goodwin, a Pennsylvania-based provider of services to plug orphaned oil and gas wells over the past 50+ years, providing a foundation for Zefiro to create the leading integrated abandonment company that measures and quantifies methane emissions – while decommissioning poisonous, abandoned oil and gas wells.
Founded in 1970, family-owned Plants & Goodwin, is a long-standing leader in plugging orphaned wells in shale and sandstone formations across the Appalachian Basin. P&G has approximately 100 employees, all highly skilled and experienced in this crucial specialization.
Zefiro’s Founder & Chairman, Talal Debs, PhD., said, “Zefiro’s strategy is to integrate real (physical process) innovation with new forms of capital, through the ‘environmental’ credit markets; the result will be a new kind of enterprise. By enlisting veteran operators like Plants & Goodwin, we are taking the first big step to making our unique vision a reality.”