King Operating Corporation

King Operating actually does a great job at marketing and professionally communicating to its investors both before & after investing which is one of the main reasons I invested so I can applaud them at that. They also have a weekly email, 2 min drill and many other educational podcasts, webinars, etc which makes them seem reputable. However, the problem is that they are unethical & have such a large GP promote that individual investors will have little to no chance of making decent returns. I invested in March 2023 and have yielded less than what a money market would have generated and we are supposedly actively drilling oil & gas wells in some of the richest basins. There is no way that you will actually be paid out on your original investment with the paltry returns generated from their overpromoted oil and gas deal. I have heard they're promote/mark-up can be as high as 100-150% or more. So, on a $200 million oil & gas investment fund, they will earn over $100-$125 million in profit while the little bit that's left over actually goes to drilling and delivering returns to it's investors. Also, they pay a hefty 10-12% commission to many unregistered capital raisers so plenty of "sales people" out there such as Sugo Capital (Sara Sullivan), Michael Blank, Patrick Grimes, and others promoting King to investors all in the name of get your tax benefit. The tax benefit is indeed legit but you will not make any real money with King. Stay away!

I'm an investor in Fund II since August 2024, like the pervious review, great marketing but under performance from the start. This fund has not met any previous expected numbers, there has been a few distribution under 100 bucks. The projected numbers were 8.8% average annualized monthly distributions it's more like 3% with a 2.6 X multiplier at this point I'll be happy just getting my initial capital back. A red flag is also the high employee turnover rate, I've been with King for little over a year and I'm on my 4th contact as all other have left. This is not a group that I would invest with again or recommended someone else to invest but I gave them 2 stars vs 1 because of their communication. The communications is by far the best I've dealt with, they provide weekly newsletter and 2 minute drill updates, quarterly meetings and return calls and questions as I'm currently in 5 other oil deals. I received a call from the operating senior vice president after a 3Q meeting, as a company they are aware of the under performance of this fund and are trying to rectify it, they owned up to the issues at hand. I will provide an update as this fund progresses.

I invested with Jay Young and his team based on a recommendation from Sarah Sullivan at SuGo Capital. The original oil and gas investment proforma projected the following: a $75,000 W-2 tax deduction, a 3x return on investment (approximately 350% over 3–5 years), and an 8–12% annualized return (ARR) paid monthly. While the tax deduction did come through as expected, the actual monthly returns have been significantly lower. My last two monthly distributions were under $100, and based on 2025 year-to-date results, my returns equate to roughly a 2.8% annualized rate. Despite these underwhelming results, the team continues to launch new funds and actively solicit additional investor capital. I would strongly caution others before investing. Notably, Sarah Sullivan has since moved on to another firm—G2 Petroleum, with Cotton Graham.