KING OPERATING CORPORATION
Founded in 1996, King Operating is a full service, independent oil and gas operator with over twenty-four years of experience developing and producing oil fields in the Permian Basin and Colorado. We acquire oil and gas fields that can be developed and divested to public companies.
James R. “Jay” Young
President & CEO
Jay R. Young is the Founder and CEO of King Operating Corporation, a privately-held, Dallas-based oil and gas operator and has a lifelong passion for the oil and gas business. His family has been in the business for over one hundred years.
King’s business model is designed to minimize risk by acquiring and developing in areas with a long history of producing oil and gas. Mr. Young and his associates developed a unique method for the oil and gas business to acquire scalable assets in a proven field, utilize equity to start and debt to prove up the field and divest to a larger company.
When he is not busy developing oil and gas projects, Jay hosts his own podcast, The Jay Young Show and is a new Forbes Book author with his recently published book, The Upside of Oil & Gas Investing.
Young graduated with a BBA degree from Angelo State University in 1985 and now serves its Foundation Board. He participates in local and national philanthropic organizations, such as the Executive Board of Directors for Circle Ten Council (Boy Scouts of America) and The Alzheimer’s Association North Texas Chapter.
Complimenting his professional endeavors, his wife Michelle and four daughters represent focal points in his life pursuits. An avid Texas Rangers fan and former partial-owner, Mr. Young has fond memories of the MLB team’s run for the World Series in 2010 and 2011.
Rex E. Gifford
Chief Financial Officer
Mr. Gifford earned a Bachelor of Business Administration in Accounting from the University of Texas in May 1976. He currently assists King Operating in the formation, management and economic reporting functions for the properties sponsored by the Company. Prior to joining King Operating in September of 2007, Mr. Gifford functioned as the CFO of New Horizon Exploration, Inc. for twelve years. Before beginning his tenure with New Horizon, Mr. Gifford specialized in resolving complex accounting issues for individuals and companies. He also provided income tax services for both industry and local public accounting firms.
Before joining King Operating Corporation, Carl was the Founder and CEO of Fossil Resources, Inc. located in Dallas Texas. Fossil Resources operated 20,000+ net acres in East Texas across two developments (Camp Worth & Melrose Properties) and executed on a 40+ well development plan targeting the Travis Peak and James Lime Formations. He divested their first property to a Large-Cap Publicly Traded entity in 2009 and divested their second property and associated minerals portfolio to a Private Equity Group in 2017. Carl graduated from Arizona State University with a BBA and is active in several ministries providing humanitarian aid and financial resources to Uganda and other parts of Africa.