B&w Operating LLC
How we got $22.2M
Based on its 7 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Blackfire Operating, LLC is an independent explorer and producer of oil and natural gas based in Oklahoma City. It says it is dedicated to safe, efficient and responsible production through exploration, non-op partnerships, or operations.
From the company's website. Industry: Crude Petroleum Extraction.
Estimated value over time
▲ 29% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| B&W OPERATING LLC this business | $20.8M | — |
| COMANCHE RESOURCES COMPANY Oklahoma City · 49 employees | $211.4M | 0.1 mi |
| BLAIR ENERGY, LLC Oklahoma City · 1 employees | $4.4M | 0.1 mi |
| MICHAEL ELDER Oklahoma City · 1 employees | $4.5M | 0.1 mi |
| RED CLOUD VENTURES, L.L.C. Oklahoma City · 1 employees | $5.8M | 0.1 mi |
| TAILWATER, INC Nichols Hills · 6 employees | $27.8M | 0.1 mi |
| MEADE OIL AND GAS LLC Oklahoma City · 18 employees | $95.8M | 0.3 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $27.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $12.2M |
| Estimate: the two combined (geometric mean) | $20.8M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $4.7M |
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 | $22.2M |
| Multiple for this size and industry | 4.7× |
| Value range | $11.7M – $30.4M |
| Revenue range | $13.7M – $23.8M |
| EBITDA range | $3.1M – $5.4M |
| Industry (NAICS) | Crude Petroleum Extraction (211120) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingBancFirstPPP / 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
| BancFirst PPP 2020, PPP 2021 | All 7,048 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 | $64K | 7 |
| 1/28/2021 | second | $63K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About B&w Operating LLC
B&w Operating LLC is a crude petroleum extraction company in Oklahoma City, Oklahoma, in business since 2017. Its estimated annual revenue is about $20.8M, with roughly $4.7M of EBITDA. It has about 7 employees. Its estimated business value is $22.2M (likely range $11.7M–$30.4M).
Common questions
- Who owns B&w Operating LLC?
- The owner of B&w Operating LLC 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 B&w Operating LLC make?
- SeeBITDA estimates B&w Operating LLC's annual revenue at about $20.8M (likely between $13.7M and $23.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is B&w Operating LLC worth?
- About $22.2M, roughly 4.7× its estimated EBITDA of $4.7M, typical for a crude petroleum extraction company its size. Likely range: $11.7M–$30.4M.
- How many employees does B&w Operating LLC have?
- About 7, as reported on its PPP loan.
- When was B&w Operating LLC founded?
- B&w Operating LLC has been in business since 2017.