Bays Exploration, Inc.
How we got $101.4M
Based on its 17 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 31% 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 |
|---|---|---|
| BAYS EXPLORATION, INC. this business | $69.7M | — |
| RYAN LOCKE ENTERPRISES, INC Oklahoma City · 1 employees | $4.1M | 0.2 mi |
| PRAIRIE RHYTHM LLC Oklahoma City · 3 employees | $13.9M | 0.7 mi |
| CASTLEROCK RESOURCES, INC. Oklahoma City · 4 employees | $16.7M | 0.8 mi |
| TO PRODUCTION LLC Oklahoma City · 2 employees | $6.7M | 1.2 mi |
| TIPTOP ENERGY PRODUCTION US, LLC Oklahoma City | $22.0M | 1.2 mi |
| EMERSON LAND ACQISITION, LLC Warr Acres · 1 employees | $4.6M | 1.3 mi |
The full calculation
| Employees reported to the SBA | 17 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $82.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $45.2M |
| Estimate: the two combined (geometric mean) | $69.7M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $15.8M |
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 | $101.4M |
| Multiple for this size and industry | 6.4× |
| Value range | $53.4M – $138.8M |
| Revenue range | $45.9M – $79.5M |
| EBITDA range | $10.4M – $18.1M |
| Industry (NAICS) | Natural Gas Extraction (211130) |
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
- LegalGARVIN, AGEE, CARLTON & MASHBURN, P.C.From a web search · source
- BankingFrost 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 Roles are as stated there and may be out of date.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
| Frost Bank PPP 2020, PPP 2021 | All 10 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $196K | 17 |
| 2/2/2021 | second | $196K | 17 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bays Exploration, Inc.
Bays Exploration, Inc. is a natural gas extraction company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $69.7M, with roughly $15.8M of EBITDA. It has about 17 employees. Its estimated business value is $101.4M (likely range $53.4M–$138.8M).
Common questions
- Who owns Bays Exploration, Inc.?
- The owner of Bays Exploration, 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 Bays Exploration, Inc. make?
- SeeBITDA estimates Bays Exploration, Inc.'s annual revenue at about $69.7M (likely between $45.9M and $79.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bays Exploration, Inc. worth?
- About $101.4M, roughly 6.4× its estimated EBITDA of $15.8M, typical for a natural gas extraction company its size. Likely range: $53.4M–$138.8M.
- How many employees does Bays Exploration, Inc. have?
- About 17, as reported on its PPP loan.