Business
Zefiro Closes Acquisition of Rigs and Equipment Set to Boost Annual Revenue by over USD $10 Million
Zefiro has successfully closed on a USD $4.3 million agreement to acquire the equipment of Viking Well Service which includes five derrick rigs as well as several other key units of machinery to be added to Zefiro's fleet.As a result of this acquisition, Zefiro will have coverage in five new states where it has not previously operated (New Jersey, Michigan, Indiana, Illinois, and Iowa) while also expanding its footprint in four existing states.This added geographical coverage and increased total
About this update from Cboe Global Markets, Inc.
[{"type":"list","items":[{"val":[{"type":"text","content":"Zefiro has successfully closed on a USD $4.3 million agreement to acquire the equipment of Viking Well Service which includes five derrick rigs as well as several other key units of machinery to be added to Zefiro's fleet.","length":226,"tagName":"p"}]},{"val":[{"type":"text","content":"As a result of this acquisition, Zefiro will have coverage in five new states where it has not previously operated (New Jersey, Michigan, Indiana, Illinois, and Iowa) while also expanding its footprint in four existing states.","length":226,"tagName":"p"}]},{"val":[{"type":"text","content":"This added geographical coverage and increased total operating capacity is expected to boost Zefiro's annual revenue by approximately USD $10 million per year in the near term. This adds to the Company's ongoing revenue, with over USD $22 million in revenue reported over the first half of the Company's fiscal year (Press Release).","length":344,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":796,"olType":false},{"type":"text","content":"Bradford, Pennsylvania--(Newsfile Corp. - May 6, 2026) - ZEFIRO METHANE CORP. (CBOE CA: ZEFI) (FSE: Y6B) (OTCQB: ZEFIF) (the "Company", "Zefiro", or "ZEFI") is pleased to announce that its subsidiary Zefiro Ohio Holdings LLC has completed the closing of an agreement in which it will acquire the equipment of Viking Well Service for USD $4.3 million.","length":380,"tagName":"p"},{"type":"text","content":"This transaction will result in Zefiro gaining a presence in five new states (New Jersey, Michigan, Indiana, Illinois, and Iowa), as well as an expanded presence in four states where Zefiro is already operating (Ohio, Pennsylvania, New York State, and West Virginia).","length":267,"tagName":"p"},{"type":"text","content":"Zefiro's management believes there is an opportunity to increase revenue in excess of USD $10 million per year as a direct result of the additional capacity the acquired equipment adds. The forecast is an estimate and is based on Zefiro's internal projections on day rates and equipment utilization.","length":307,"tagName":"p"},{"type":"text","content":"Equipment included in this acquisition includes five derrick rigs (one of which is pictured below) and two rig-assist snubbing units, in addition to trucks, trailers...