Regulation D · Rule 506(c)
Oil & Gas Investing for Accredited Investors
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
Three decades operating, fourth-generation in the field
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
Built for a specific kind of investor
Direct participation isn’t for everyone. It tends to fit investors who value tax efficiency, real assets, and a long horizon.
High-income professionals
Seeking to manage a significant annual tax burden with a real, asset-backed investment.
Business owners
Planning around a high-income year or a liquidity event, looking for tax-advantaged options.
Diversifying investors
Moving beyond stocks, bonds, and real estate into the energy sector through direct participation.
What is an accredited investor?
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
How the investment is structured
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
What direct participation may offer
Potential first-year tax deductions
Through intangible drilling costs under IRC §263(c), depending on your structure and tax situation.
Monthly distribution potential
During production. Distributions are not guaranteed and depend on output and commodity prices.
15% depletion allowance
On gross production income under IRC §613, available to independent producers and working-interest owners.
Backed by real, producing assets
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.
Potential multiple at exit
The ADD model targets a potential multiple on invested capital when an asset is divested. Outcomes are not guaranteed.
An experienced operator
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
This is a speculative, illiquid investment
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
Experience behind every decision
Jay R. Young
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.
John Mauldin
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
Request the Private Placement Memorandum
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.
- Full offering terms, fees, and risk factors for KOPX
- How the partnership and your units of interest are structured
- A direct line to a Senior Vice President, not a call center
Simple from here
Three steps to invest
Request the book
Complete the short form and we’ll send Jay’s book and a brief overview of the current opportunity.
A 15-minute call
A King Senior Vice President schedules a short discovery call to answer questions and confirm fit.
Reserve your place
Secure your spot in the current fund if available, or reserve a place in a future fund.
Book your Meeting
Skip the wait, pick a time that works for you
No pressure. A King Senior VP will answer your questions and confirm whether this is a good fit.
No obligation. Accredited investors only.
