We are developing a new site with the intent to build and grow for the future!
King Operating Corporation is a privately held Texas oil and gas company based in Dallas, Texas. Led by, Jay Young, a fourth generation oil and gas professional, King has a leadership team with over 100 years of combined oil and gas experience and maintains an operating staff of industry specialists, including geoscientists, engineers, field operations, finance, accounting and land professionals. King personnel focus their energies to acquire, develop and divest oil and gas projects located throughout the country. Unlike other oil and gas companies, King seeks to acquire assets that can be developed and divested to public companies. This requires that we enter a transaction with an eye toward the ultimate exit strategy, from the outset. King’s innovative transaction structure puts investors first. King ensures that the investors are returned all of their original investment dollars before we share in the profits. We accept only a minimum of investor equity and then leverage the value of the asset to develop approximately a third of the drilling locations. We work to optimize the value when we divest to a public company. The Company prides itself on prudent operations, capital efficiencies in field and well development, and the ability to fully execute on any selected project. Using state-of-the-art drilling and fracturing technologies, King identifies specific rock formations that ideally have multiple target zones, favorable analogous production histories and ample running room to grow. We welcome the opportunity to tell you more about what we are doing at King.
We located contiguous acres in an area of established production. Currently, we are in the Permian Basin targeting the Wolfcamp.
With the initial equity we will drill two horizontal wells and a salt water disposal well. Once production is stabilized we will use the reserves as collateral to obtain a credit source to fund future drilling. Repeat. Repeat. Etc.
Within 3 to 5 years, we plan to prove the field’s value, sell to a public company, and maximize profits.*
*Various assumptions and conditions underlie these hypothetical estimates