Zefiro's Plants & Goodwin Secure Major Remediation Project
Zefiro's Plants & Goodwin Win Key Government Contract
Recently, Zefiro Methane Corp. announced a significant milestone for its subsidiary, Plants & Goodwin. The Ohio Department of Natural Resources has entrusted them with a three-year Construction Manager at Risk contract worth USD $19.6 million. This strategic partnership focuses on essential decommissioning and environmental remediation tasks involving four orphaned oil and gas wells in Belmont County. The project has a total estimated worth of USD $420,784.45.
About the Belmont 6 Project
The Belmont 6 project involves critical environmental work on wells that have long been abandoned. The contract, awarded to Plants & Goodwin, highlights their expertise in managing troubled well sites, building on a strong relationship with the Ohio Department of Natural Resources (ODNR). Other competitive bids for this project ranged from approximately USD $434,189.00 to USD $792,123.50, but Plants & Goodwin emerged victorious with its bid of USD $420,784.45, anticipating a profit margin of about 20%.
Significance of Environmental Remediation
Environmental remediation is vital for protecting ecosystems and public health. With a robust commitment to sustainability, Plants & Goodwin is dedicated to addressing the orphan well crisis, which poses environmental challenges across the country. The company is not only skilled but also efficient, allowing them to tackle these issues head-on while generating economic and environmental benefits.
Details of the Wells Involved
The four wells designated for this project include:
- Polivka #1: Drilled in 1981, reaching a depth of 3,999 feet, it produced from the Ohio Shale. It features various casing strings.
- Ronald Rice #3: Also drilled in 1981 at a depth of 4,000 feet, this well lies above an abandoned coal mine and has cemented casings nearly to the surface.
- Rice EJ #1: An older well from 1945 at a depth of 1,159 feet, producing gas from the Salt Sand formation and showing some signs of corrosion.
- Rice EJ #2: Similar to Rice EJ #1, it was drilled in 1945, reaching a depth of 1,034 feet, also producing gas from the Salt Sand formation.
Recent Achievements by Zefiro's Subsidiary
Plants & Goodwin's recent contract for the Belmont 6 project comes on the heels of other notable contracts awarded by the ODNR, which include a USD $19.6 million budget for plugging and abandoning various well sites in Ohio. This aligns with a growing awareness and action against environmental hazards created by orphaned wells, and P&G is at the forefront of these initiatives.
Future Projects and Initiatives
In addition to the Belmont 6 project, P&G has been recognized for managing multiple other significant projects dubbed as part of an eight-project slate comprising 50 wells throughout the state. This sets the foundation for future expansions into other regions and further solidifies Zefiro’s role in combatting the environmental challenges associated with oil and gas wells.
A Vision for Active Sustainability
Zefiro Methane Corp. is dedicated to being a leader in environmental services, with particular attention to methane abatement. The company’s unique approach facilitates significant contributions toward sustainability and eco-friendly practices. By leveraging decades of industry experience, Zefiro is strengthening its market position within the worldwide methane offset marketplace and fostering long-term ecological and economic stability.
Leadership Perspective
Catherine Flax, Interim CEO of Zefiro, expressed enthusiasm regarding the company's trajectory, stating, “Our integrated operations and dedicated personnel have established P&G as a reliable service provider over the past 55 years. We are excited to take on more projects that contribute to solving the orphan well crisis and look forward to maintaining our growth momentum throughout the year.”
Frequently Asked Questions
What is the Belmont 6 project?
The Belmont 6 project involves decommissioning and environmental remediation of four orphaned wells in Belmont County, Ohio, with a project value of USD $420,784.45.
How much has Zefiro been awarded in contracts?
Zefiro's subsidiary, Plants & Goodwin, has recently received a three-year contract worth USD $19.6 million for remediation work.
What type of work does Plants & Goodwin do?
Plants & Goodwin specializes in environmental remediation work related to orphaned oil and gas wells in collaboration with government agencies.
Who is the CEO of Zefiro Methane Corp.?
Catherine Flax is the Interim Chief Executive Officer of Zefiro Methane Corp.
What is Zefiro's mission?
Zefiro aims to be a key player in environmental sustainability, focusing on methane abatement and the environmental remediation of affected areas.
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