Baron Exploration Company
How we got $21.5M
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BARON EXPLORATION COMPANY this business | $20.1M | — |
| UNITED PRODUCTION COMPANY LLC Edmond · 2 employees | $7.2M | 0.1 mi |
| SPRING OPERATING COMPANY Edmond · 6 employees | $25.5M | 0.3 mi |
| TILFORD PINSON EXPLORATION LLC Edmond · 2 employees | $12.3M | 1.0 mi |
| ASSIDUOUS ENERGY, LLC Edmond · 3 employees | $13.5M | 1.0 mi |
| AMY REYNOLDS Edmond · 1 employees | $5.8M | 1.2 mi |
| RANKEN ENERGY CORPORATION Edmond · 6 employees | $21.1M | 1.3 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $19.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $15.9M |
| Estimate: the two combined (geometric mean) | $20.1M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $4.6M |
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 | $21.5M |
| Multiple for this size and industry | 4.7× |
| Value range | $11.3M – $29.4M |
| Revenue range | $13.2M – $23.0M |
| EBITDA range | $3.0M – $5.2M |
| 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
History & advisors
Advisors
- BankingThe Citizens Bank of EdmondPPP / 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 Roles are as stated there and may be out of date.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
| The Citizens Bank of Edmond PPP 2020, PPP 2021 | All 502 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $84K | 5 |
| 2/5/2021 | second | $84K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Baron Exploration Company
Baron Exploration Company is a crude petroleum extraction company in Edmond, Oklahoma. It is owned by Chris Hoke (Contact). Its estimated annual revenue is about $20.1M, with roughly $4.6M of EBITDA. It has about 5 employees. Its estimated business value is $21.5M (likely range $11.3M–$29.4M).
Common questions
- Who owns Baron Exploration Company?
- Baron Exploration Company is owned by Chris Hoke (Contact), according to public sources such as the company's website or filings.
- How much revenue does Baron Exploration Company make?
- SeeBITDA estimates Baron Exploration Company's annual revenue at about $20.1M (likely between $13.2M and $23.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Baron Exploration Company worth?
- About $21.5M, roughly 4.7× its estimated EBITDA of $4.6M, typical for a crude petroleum extraction company its size. Likely range: $11.3M–$29.4M.
- How many employees does Baron Exploration Company have?
- About 5, as reported on its PPP loan.