88 Petroleum Company, Inc.
How we got $1.2M
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 9% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| 88 PETROLEUM COMPANY, INC. this business | $1.4M | — |
| SMARTCHAIN SOLUTIONS, LLC Oklahoma City · 8 employees | $3.6M | 0.2 mi |
| FRONTIER DRILLING LLC Oklahoma City · 192 employees | $63.0M | 0.3 mi |
| FONTIER DRILLING LLC Oklahoma City · 198 employees | $91.5M | 0.3 mi |
| ZIA ENERGY LLC Oklahoma City · 28 employees | $9.5M | 0.6 mi |
| SOUTHERN RESOURCES, INC. Oklahoma City · 6 employees | $3.5M | 0.7 mi |
| Far West Development Llc Oklahoma City | $1.5M | 0.7 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.1M |
| Estimate: the two combined (geometric mean) | $1.4M |
| EBITDA margin (industry, adjusted for size) | 34% |
| EBITDA = revenue × margin | $481K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $1.2M |
| Multiple for this size and industry | 2.4× |
| Value range | $607K – $1.6M |
| Revenue range | $941K – $1.6M |
| EBITDA range | $316K – $548K |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingFirst Source Federal Credit UnionPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| First Source Federal Credit Union PPP 2020 | All 11 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $28K | 3 |
About 88 Petroleum Company, Inc.
88 Petroleum Company, Inc. is an oil & gas company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $1.4M, with roughly $481K of EBITDA. It has about 3 employees. Its estimated business value is $1.2M (likely range $607K–$1.6M).
Common questions
- Who owns 88 Petroleum Company, Inc.?
- The owner of 88 Petroleum Company, Inc. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does 88 Petroleum Company, Inc. make?
- SeeBITDA estimates 88 Petroleum Company, Inc.'s annual revenue at about $1.4M (likely between $941K and $1.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is 88 Petroleum Company, Inc. worth?
- About $1.2M, roughly 2.4× its estimated EBITDA of $481K, typical for a oil & gas company its size. Likely range: $607K–$1.6M.
- How many employees does 88 Petroleum Company, Inc. have?
- About 3, as reported on its PPP loan.