Banner Oil & Gas, LLC
How we got $92.1M
Based on its 18 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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 |
|---|---|---|
| BANNER OIL & GAS, LLC this business | $72.4M | — |
| TOOMEY OIL CO., INC. Tulsa · 5 employees | $17.7M | 0.2 mi |
| LOWRY EXPLORATION, INC. Tulsa · 2 employees | $5.6M | 0.3 mi |
| PETROGLOBE ENERGY, LLC Tulsa · 5 employees | $18.4M | 0.3 mi |
| PRAIRIE GAS COMPANY OF OKLAHOMA LLC Tulsa · 24 employees | $123.9M | 0.3 mi |
| RICHARD GIBBON Tulsa · 3 employees | $11.6M | 0.3 mi |
| GEMINI OIL COMPANY INC Tulsa · 5 employees | $16.1M | 0.4 mi |
The full calculation
| Employees reported to the SBA | 18 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $70.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $57.2M |
| Estimate: the two combined (geometric mean) | $72.4M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $14.4M |
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 | $92.1M |
| Multiple for this size and industry | 6.4× |
| Value range | $48.5M – $126.0M |
| Revenue range | $47.6M – $82.5M |
| EBITDA range | $9.5M – $16.4M |
| 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
- BankingProsperity 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 Roles are as stated there and may be out of date.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
| Prosperity Bank PPP 2020 | All 748 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $301K | 18 |
About Banner Oil & Gas, LLC
Banner Oil & Gas, LLC is a crude petroleum extraction company in Tulsa, Oklahoma. Its estimated annual revenue is about $72.4M, with roughly $14.4M of EBITDA. It has about 18 employees. Its estimated business value is $92.1M (likely range $48.5M–$126.0M).
Common questions
- Who owns Banner Oil & Gas, LLC?
- The owner of Banner Oil & 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 & Gas, LLC make?
- SeeBITDA estimates Banner Oil & Gas, LLC's annual revenue at about $72.4M (likely between $47.6M and $82.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Banner Oil & Gas, LLC worth?
- About $92.1M, roughly 6.4× its estimated EBITDA of $14.4M, typical for a crude petroleum extraction company its size. Likely range: $48.5M–$126.0M.
- How many employees does Banner Oil & Gas, LLC have?
- About 18, as reported on its PPP loan.