King Operating Corporation
Oil and GasTexas, United States11-50 Employees
King Operating Corporation is a privately held oil and gas company based in Addison, Texas, serving the Dallas area. Led by Jay Young, the firm draws on a leadership team and staff with extensive experience across geoscience, engineering, field operations, finance, accounting, and land management. The company concentrates on acquiring, developing, and divesting oil and gas projects located nationwide, aiming to exit by selling assets to public companies. It emphasizes prudent operations, capital efficiency in field and well development, and the ability to execute on selected projects, applying advanced drilling and fracturing technologies to identify rock formations with multiple target zones and room to grow. From a capital-structure perspective, King prioritizes returning investors’ original capital before sharing profits and seeks to minimize investor equity while leveraging asset value to develop a portion of drilling locations. The firm also focuses on optimizing value at divestiture when selling to a public company. In 2025, King introduced two modeling modules—the Hydrogen Market Module and the Carbon Capture, Allocation, Transportation, and Sequestration module—as part of its Annual Energy Outlook 2025, and participated in the AEO2025 event.