King Operating Corporation is a full service independent oil and gas operator with over twenty three years 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 acquire contiguous or adjacent oil and gas mineral acres in an area of proven production.
With the equity raised, we seek to drill horizontal wells to establish production and increase the overall value of the asset.
Within one to three years, we plan to prove the field’s value through either further development or sell to a public company to maximize profits.*
*Various assumptions and conditions underlie these hypothetical outcomes
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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