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Zefiro secures $40M government backlog for well-plugging through 2029, adding new exploratory contract in Ohio.

Market News
19 Oct 2026
Newsfile Corp
View Source
Bullish
Zefiro secures $40M government backlog for well-plugging through 2029, adding new exploratory contract in Ohio.

Zefiro Methane Corp. announced a $40 million backlog of government contracts for plugging orphaned and end-of-life oil and gas wells, with work extending through June 2029. Approximately $4.9 million of this backlog is expected to be performed in the current quarter. The backlog includes major contracts from Ohio and the Great Lakes region, and a new exploratory contract awarded by the Ohio Department of Natural Resources adds a new revenue stream focused on assessing orphan wells before plugging. This multi-year backlog provides Zefiro with a stable government-funded revenue pipeline, complementing its private-sector projects and supporting efficient project planning and workforce deployment through mid-2029.

Zefiro Methane Corp.'s backlog of government projects is reported as of Oct 19, 2026 14:31 WIB. For readers following the Energy sector, here is Pluang's market snapshot as of that time: out of 79 priced Energy-sector US stocks tradable on Pluang, 34 rose and 41 fell today. Notable movers include TDW (Tidewater Inc) at USD 79.50 with a -3.96% change and a typical hold time of 27 days, INDO (Indonesia Energy Corporation Limited) at USD 2.57 with a -3.75% change and a typical hold time of 25 days, and OVV (Ovintiv Inc. (DE)) at USD 69.24 with a +3.73% change and a typical hold time of 10 days. The most notable figure is OVV's 3.73% gain.

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