King Operating Corporation is a full service independent oil and gas operator with over twenty three years of experience developing and producing oil fields in Texas. With over 100 years of combined oil and gas exploration development experience, King employs a staff of industry professionals which include geologists, petroleum engineers, field operations, land professionals, finance and accounting.
King’s business model specializes in strategically acquiring oil and gas projects to further develop, divest and maximize investor returns.
What does this mean? We utilize the A-D-D Method
We located contiguous acres in an area of established production. Currently, we’re in the Permian Basin targeting the Wolfcamp.
With the initial equity we’ll drill two horizontal wells and a salt water disposal well. Once production is stabilized we’ll 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
With this type of investment, you are entitled to a write-off of up to 80 percent of IDCs (intangible drilling costs) against ordinary income in the first year.
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