Zephyr Energy PLC operates in the oil and gas sector, focusing on the development and production of hydrocarbons in the Paradox Basin, Utah, and maintaining a non-operated asset portfolio in the Rocky Mountains, U.S. The company generates revenue through its dual strategy of acquiring low-risk working interests in production assets and advancing its Paradox project towards commercial production. Its non-operated portfolio includes interests in over 600 gross wells across multiple states, including Utah, Colorado, Wyoming, Montana, and North Dakota.