Zefiro Subsidiary Lands Four Energy Accounts, Secures $19.6M Ohio CMAR Deal
PG•Zefiro Methane’s P&G subsidiary secured four major plug-and-abandonment accounts, including a three-year Ohio CMAR contract expected to generate $19.6 million through May 2029. Management forecasts the recent fleet and rig additions will contribute roughly $10 million in annual revenue and bolster operations across 13 states.
1. Four New Plug-and-Abandonment Contracts
P&G has onboarded four major corporate clients for well plug-and-abandonment services, including three publicly traded firms with a combined market capitalization exceeding $140 billion. Initial work will focus on remediation of oil/gas production, storage, injection, and salt wells in Ohio. The subsidiary also commenced a three-year Construction Manager at Risk contract worth $19.6 million through May 2029 under the Ohio Department of Natural Resources.
2. Fleet Expansion and Revenue Outlook
The addition of five rigs and related equipment to Zefiro’s fleet underpins management’s projection of approximately $10 million in incremental annual revenue. P&G has hired 20 new employees to support these accounts, with at least 20 further roles to be filled as utilization ramps up.
3. Geographic Entry and Staffing
Work will extend to Indiana, marking P&G’s debut in its ninth U.S. state and raising its total operational footprint to 13 states. The expansion underscores Zefiro’s strategic growth in environmental services and strengthens its capacity to address methane emission mitigation across multiple jurisdictions.
