Banner Oil and Gas LLC
How we got $100.7M
Based on its 16 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 64% since 2021 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Ownership & transactions
- Acquired by GCP Capital Partners · Jul 2011Merchant bank GCP Capital Partners acquired oil and gas exploration company Banner Oil and Gas on July 1, 2011.Source
Estimated value over time
▲ 59% 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.
Employees over time
▼ 69% since 2021Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2021 | PPP loan | 16 | $53.1M |
| 2020 | Form 5500 | 13 | $43.1M |
| 2021 | Form 5500 | 14 | $46.4M |
| 2022 | Form 5500 | 13 | $43.1M |
| 2023 | Form 5500 | 5 | $16.6M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BANNER OIL AND GAS LLC this business | $69.3M | — |
| LARY A PARKER LLC Oklahoma City · 1 employees | $3.3M | 1.0 mi |
| HNEN SERVICES, LLC Oklahoma City · 1 employees | $3.3M | 1.2 mi |
| HAZLEWOOD OIL & GAS CO INC Oklahoma City · 2 employees | $5.5M | 1.4 mi |
| SHADOWPEAK OPERATING, LLC Oklahoma City | $36.4M | 1.8 mi |
| SCHORNICK OIL FIELD SERVICES INC Oklahoma City · 1 employees | $3.5M | 1.9 mi |
| RYCO TITLE SERVICES LLC Oklahoma City · 1 employees | $4.2M | 2.3 mi |
The full calculation
| Employees reported to the SBA | 16 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $62.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $58.9M |
| Estimate: the two combined (geometric mean) | $69.3M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $15.7M |
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 | $100.7M |
| Multiple for this size and industry | 6.4× |
| Value range | $53.0M – $137.8M |
| Revenue range | $45.6M – $79.0M |
| EBITDA range | $10.4M – $17.9M |
| Industry (NAICS) | Crude Petroleum Extraction (211120) |
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
People & advisors
Advisors
- BankingFirstBank SouthwestPPP / 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
| FirstBank Southwest PPP 2021 | All 22 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/9/2021 | second | $310K | 16 |
About Banner Oil and Gas LLC
Banner Oil and Gas LLC is a crude petroleum extraction company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $69.3M, with roughly $15.7M of EBITDA. It has about 5 employees. Its estimated business value is $100.7M (likely range $53.0M–$137.8M).
Common questions
- Who owns Banner Oil and Gas LLC?
- The owner of Banner Oil and Gas 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 Banner Oil and Gas LLC make?
- SeeBITDA estimates Banner Oil and Gas LLC's annual revenue at about $69.3M (likely between $45.6M and $79.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Banner Oil and Gas LLC worth?
- About $100.7M, roughly 6.4× its estimated EBITDA of $15.7M, typical for a crude petroleum extraction company its size. Likely range: $53.0M–$137.8M.
- How many employees does Banner Oil and Gas LLC have?
- About 5, from its 2023 retirement-plan filing.