Armstrong Oil Company Inc
How we got $845K
Based on its 2 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 |
|---|---|---|
| ARMSTRONG OIL COMPANY INC this business | $1.0M | — |
| KICKINGBIRD INVESTMENTS INC Norman · 1 employees | $528K | 1.5 mi |
| BEYOND HORIZON LLC Norman · 2 employees | $919K | 1.5 mi |
| HOSS DIRECTIONAL SERVICE, INC. Norman · 280 employees | $128.9M | 1.5 mi |
| HARMON'S CONSULTING LLC Norman · 1 employees | $711K | 1.8 mi |
| HOOPER OIL & GAS LLC Norman · 1 employees | $711K | 1.9 mi |
| HOOPER OIL & GASS Norman · 1 employees | $711K | 1.9 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $941K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $899K |
| Estimate: the two combined (geometric mean) | $1.0M |
| EBITDA margin (industry, adjusted for size) | 34% |
| EBITDA = revenue × margin | $352K |
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 | $845K |
| Multiple for this size and industry | 2.4× |
| Value range | $445K – $1.2M |
| Revenue range | $690K – $1.2M |
| EBITDA range | $232K – $402K |
| 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
- BankingArmstrong BankPPP / 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 Roles are as stated there and may be out of date.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
| Armstrong Bank PPP 2020, PPP 2021 | All 1,355 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $23K | 2 |
| 2/4/2021 | second | $22K | 2 |
About Armstrong Oil Company Inc
Armstrong Oil Company Inc is an oil & gas company in Norman, Oklahoma. Its estimated annual revenue is about $1.0M, with roughly $352K of EBITDA. It has about 2 employees. Its estimated business value is $845K (likely range $445K–$1.2M).
Common questions
- Who owns Armstrong Oil Company Inc?
- The owner of Armstrong Oil 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 Armstrong Oil Company Inc make?
- SeeBITDA estimates Armstrong Oil Company Inc's annual revenue at about $1.0M (likely between $690K and $1.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Armstrong Oil Company Inc worth?
- About $845K, roughly 2.4× its estimated EBITDA of $352K, typical for a oil & gas company its size. Likely range: $445K–$1.2M.
- How many employees does Armstrong Oil Company Inc have?
- About 2, as reported on its PPP loan.