Regulation D · Rule 506(c)
A direct-participation private placement under SEC Rule 506(c), from a Texas operator with nearly three decades in the field. Tax-advantaged. Asset-backed. Built for sophisticated, long-horizon investors.
A message from our CEO
Jay R. Young is the Founder & CEO of King Operating and the Amazon #1 best-selling, Forbes-published author of The Upside of Oil and Gas Investing. He hosts The Jay Young Show and is a frequent voice on national business media. Hear how King approaches direct participation, and why discipline comes first.
Designed for the accredited investor
Direct participation isn’t for everyone. It tends to fit investors who value tax efficiency, real assets, and a long horizon.
Seeking to manage a significant annual tax burden with a real, asset-backed investment.
Planning around a high-income year or a liquidity event, looking for tax-advantaged options.
Moving beyond stocks, bonds, and real estate into the energy sector through direct participation.
An accredited investor includes a natural person who earned income exceeding $200,000 (or $300,000 together with a spouse or spousal equivalent) in each of the prior two years and reasonably expects the same for the current year; OR has a net worth over $1 million, alone or with a spouse or spousal equivalent, excluding the value of the primary residence; OR holds a Series 7, 65, or 82 license in good standing.
Transparent by design
King’s current fund (KOPX) is offered as a Rule 506(c) private placement. Investors purchase units of interest in the partnership, which holds working interests in oil & gas properties. Minimum investment is $200,000.
Because the offering uses general solicitation, King is required to take reasonable steps to verify your accredited status. The $200,000 minimum and your written representations are part of that process, consistent with current SEC guidance (the SEC’s March 12, 2025 no-action letter).
All fees, expenses, the sponsor’s compensation, and risk factors are described in full in the PPM.
Potential benefits
Through intangible drilling costs under IRC §263(c), depending on your structure and tax situation.
During production. Distributions are not guaranteed and depend on output and commodity prices.
On gross production income under IRC §613, available to independent producers and working-interest owners.
Your units represent an interest in a partnership that holds working interests in producing oil & gas properties: tangible assets, not just a paper proxy for the price of oil.
The ADD model targets a potential multiple on invested capital when an asset is divested. Outcomes are not guaranteed.
A team with 200+ combined years and deep operating résumés behind every well.
Each item above describes a potential benefit, not a promise. Tax treatment depends on your individual circumstances and may change. All investing involves risk, including the loss of principal. Consult your own tax and legal advisors and review the PPM in full before investing.
Understand the risks
Oil & gas investments are speculative and illiquid. You may lose some or all of your investment, including in the event of dry holes or production shortfalls. Distributions are not guaranteed and depend on production volumes and volatile commodity prices. There is no public market for these interests and you may need to hold indefinitely. These risks are not exhaustive. Read the Risk Factors section of the PPM in full, and consult your own financial and legal advisors, before making any investment decision.
Leadership & track record
Fourth-generation oil & gas operator with nearly 30 years of personal experience. Amazon #1 best-selling, Forbes-published author of The Upside of Oil and Gas Investing, host of The Jay Young Show, and a regular voice on national business media.
A multiple-time New York Times best-selling author and widely followed financial commentator, bringing macro perspective to King’s investment view and market outlook.
As featured in
Media logos refer to coverage of King Operating and/or its CEO and do not constitute an endorsement of this offering.
Request the PPM
Requesting the PPM is not a commitment to invest. A King Senior Vice President will contact you to answer questions and begin the accredited-investor verification process.
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