KING
KING is a Texas oil lease in Montague County, Railroad Commission district 09, operated by Henley Operating. It has 3 wellbores on file with the Commission. Reported production runs from January 1993 to August 2026, totalling 40,112 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $263K, with roughly $51K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 70 barrels a month, about 23 per wellbore. Its strongest month on the record we hold was February 2022, at 108 barrels. In our own backtest, leases producing at this rate are forecast to within about 45% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about KING
- Who operates KING?
- KING is operated by Henley Operating, Railroad Commission of Texas operator number 378392.
- Where is KING?
- KING is a Texas oil lease in Montague County, Texas, in Railroad Commission district 09. Its Railroad Commission lease number is 04242.
- Is KING still producing?
- KING is currently producing. The most recent month of production reported to the Railroad Commission of Texas for KING is August 2026.
- How much has KING produced?
- KING has reported 40,112 barrels of oil (bbl) to the Railroad Commission of Texas between January 1993 and August 2026, from 3 wellbores.
- How much is KING worth?
- The remaining production from KING is estimated to be worth about $263K in total as of 26 August 2026, within a range of $145K to $382K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in KING is a fraction of it. The estimate fits an Arps decline curve to the production KING has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for KING is an estimate of value, not an offer and not an appraisal.
- How much income does KING generate in a year?
- KING is forecast to net about $51K across the whole undivided lease over the twelve months following 26 August 2026, before income tax. A royalty owner in KING receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Henley Operating |
|---|---|
| Field | Montague County Regular |
| County | Montague County, Texas |
| RRC district | 09 |
| Lease number | 04242 |
| Wellbores | 3 |
| Reported production | 40,112 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $263K |
Where KING sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.