ADDISON, TX / ACCESSWIRE / June 21, 2024 / King Operating Corporation, led by Founder and CEO Jay Young, is excited to announce its two latest developments within the Permian Basin and the Eastern Shelf, opening new opportunities for investors.

King Operating Corporation, an established developer in the oil and gas industry, has launched a new project in the Permian Basin Project. The recent acquisition of a three-well package is suggested to provide a potential cash flow exceeding $4.3MM to partners within the first year of production.

The new Phantom Hill (Cholla) Project in the Eastern Shelf is poised to deliver significant returns, with projections indicating potential cash flow exceeding $10.6MM to partners within the first year of production.

Excitingly, KOPII has also finalized an agreement with Dominance Energy, LLC to participate in drilling a ~7,500' Austin Chalk well in Fayette County, Texas. The Peitsch #1H well, with King's majority working interest, is anticipated to be in production by the end of August 2024, providing a significant steppingstone to King's goal of >3,000 boe/d per day.

While the oil and gas sector has enjoyed favor in the eyes of institutional investors, King Operating Corporation hopes that smaller firms and retail investors will follow suit. "We hope to see more involvement from smaller players in our upcoming developments. Investing in oil and gas should be available to everyone." With a focus on leveraging its continued momentum and ensuring that the company continues to abide by best operational practices, King Operating Corporation is set to gain recognition and market share with its latest developments.

For further details on these exciting opportunities and to explore partnership possibilities, please visit King Operating Corporation at kingoperating.com.

About King Operating Corporation:

Founded in 1996, King Operating Corporation is an experienced independent oil and gas operating company with over 100 combined years of industry experience. Guided by Founder and CEO Jay Young, who wrote the Forbes book, "The Upside of Oil and Gas Investing," the company develops and produces oil and gas fields across Texas, Oklahoma, Kansas, Colorado, and Wyoming. The company is committed to creating value for investors through opportunities for tax advantages, monthly passive income, and potential multiples on invested capital. To learn more, visit King Operating Corporation.

Name: Jay Young
Company: King Operating Corporation
Phone: 214-420-3000
Email: info@kingoperating.com
Press Contact: Whitefriar PR

SOURCE: King Operating Corporation