King Operating Corporation

Background

Founded in 1996, King Operating Corporation is a privately held oil and gas company headquartered in Dallas, Texas. The company specializes in acquiring, developing, and divesting oil and gas projects across the United States. With a leadership team boasting over 200 years of combined industry experience, King Operating is committed to delivering value to its investors through tax advantages, monthly passive income, and potential multiples on invested capital.

Key Strategic Focus

King Operating's strategic approach centers on identifying and developing oil and gas assets with substantial upside potential, akin to value-add projects in real estate. The company emphasizes continuous drilling of new wells to enhance portfolio growth and overall value. Utilizing state-of-the-art drilling and fracturing technologies, King Operating targets specific rock formations with multiple target zones and favorable production histories, ensuring ample opportunities for expansion.

Financials and Funding

As of recent estimates, King Operating Corporation generates annual revenues between $8.4 million and $11.2 million. The company has raised a total of $1.1 million in funding over two rounds, with the latest round occurring on July 17, 2023.

Pipeline Development

King Operating manages a diverse portfolio of oil and gas projects across multiple states, including Texas and Oklahoma. The company operates 64 producing wells, with an estimated daily production of 161 barrels of oil and 2,400 MCF of gas.

Technological Platform and Innovation

The company employs advanced drilling and fracturing technologies to optimize the development of oil and gas assets. By focusing on rock formations with multiple target zones and favorable production histories, King Operating enhances operational efficiency and maximizes resource extraction.

Leadership Team

Jay R. Young: Founder & CEO. A fourth-generation oil and gas professional, Jay leads the company's strategic vision and operations.

Steve Mullican: Chief Operating Officer. Steve oversees daily operations, ensuring efficiency and effectiveness in project execution.

Brian Dutton: Interim Chief Financial Officer. Brian manages the company's financial strategy and operations.

Jimmy Cleveland: Chief Growth Officer. Jimmy focuses on expanding the company's market presence and identifying new growth opportunities.

John Mauldin: Chief Economist. John provides economic insights to guide the company's strategic decisions.

Eric Rice: Macro-Economic Advisor. Eric offers macroeconomic analysis to inform the company's investment strategies.

Bill Phillips: Executive Vice President, Land and Business Development. Bill leads land acquisition and business development initiatives.

Blake Gillespie: Senior Geoscientist. Blake provides geological expertise to support exploration and development activities.

Kelly Duncan: Executive Vice President, Operations. Kelly oversees operational aspects of the company's projects.

Rex Gifford: Executive Vice President, Tax. Rex manages tax strategy and compliance.

Aaron Ledyard: Land Manager. Aaron handles land management and related activities.

Competitor Profile

Market Insights and Dynamics

The oil and gas industry is characterized by its cyclical nature, influenced by global energy demand, technological advancements, and regulatory changes. Companies like King Operating navigate this dynamic landscape by focusing on strategic asset development and operational efficiency.

Competitor Analysis

Key competitors include:

Concho Resources: An independent oil and natural gas company engaged in the acquisition, development, and exploration of oil and natural gas properties.

EP Energy: An independent exploration and production company focusing on oil and gas assets.

POLARIS Laboratories: A full-service fluid analysis laboratory serving the oil and gas industry.

Gasco: An LPG and fuel system solutions provider.

Strategic Collaborations and Partnerships

While specific collaborations are not detailed in the available information, King Operating's business model involves acquiring assets that can be developed and divested to public companies, indicating potential partnerships and alliances within the industry.

Operational Insights

King Operating's strategic focus on acquiring and developing assets with significant upside potential positions the company to capitalize on market opportunities. By leveraging advanced technologies and a seasoned leadership team, the company differentiates itself in a competitive landscape.

Strategic Opportunities and Future Directions

Looking ahead, King Operating aims to continue its growth by identifying and developing high-potential oil and gas assets. The company's commitment to operational excellence and investor value positions it to navigate industry challenges and seize emerging opportunities.