Bearcat Land, Inc
- Ben SinclairExecutive Vice President · Company website
- Bradley BollingerState & Federal Regulatory · Company website
- Vicki DavarpanahSurface & Right Of Way · Company website
- William SinclairSigns company filings · Form 5500 (2023)
How we got $21.9M
Based on its 14 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 23 years (since 2003)
- Headcount down 54% since 2023 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Bearcat Land, Inc. is a full-service oil and gas brokerage firm in Oklahoma City that provides on-shore land services, including title examination, lease acquisition and government agency solutions for the petroleum industry.
From the company's website. Industry: Lessors of Nonfinancial Intangible Assets (except Copyrighted Works).
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- Continental Resources · Oklahoma City, 7 mi · $7.69B
- GULFPORT ENERGY CORPORATION · Oklahoma City, 5 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 6 mi · $1.18B
- CROWN ENERGY COMPANY · Oklahoma City, 5 mi · $711.7M
- T/J INSPECTION, INC. · Del City, 9 mi · $651.7M
Estimated value over time
▲ 21% 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
▼ 57% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 14 | $20.6M |
| 2020 | Form 5500 | 11 | $16.2M |
| 2021 | Form 5500 | 11 | $16.2M |
| 2022 | Form 5500 | 12 | $17.6M |
| 2023 | Form 5500 | 13 | $19.1M |
| 2024 | Form 5500 | 9 | $13.2M |
| 2025 | Form 5500 | 6 | $8.8M |
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 |
|---|---|---|
| BEARCAT LAND, INC this business | $18.0M | — |
| 1717 LLC Oklahoma City · 1 employees | $2.3M | 2.7 mi |
| MERIDAN MINERAL MANAGEMENT LLC Oklahoma City · 3 employees | $12.0M | 2.7 mi |
| EQUITABLE ROYALTY CORPORATION Oklahoma City · 5 employees | $6.8M | 4.5 mi |
| OMEGA ROYALTY CO LLC Oklahoma City · 1 employees | $3.5M | 4.6 mi |
| 4416 LLC Oklahoma City · 1 employees | $2.3M | 4.9 mi |
| CGF LLC Oklahoma City · 2 employees | $7.3M | 5.1 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $17.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $14.1M |
| Estimate: the two combined (geometric mean) | $18.0M |
| EBITDA margin (industry, adjusted for size) | 22% |
| EBITDA = revenue × margin | $4.0M |
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 | $21.9M |
| Multiple for this size and industry | 5.5× |
| Value range | $11.5M – $29.9M |
| Revenue range | $11.9M – $20.6M |
| EBITDA range | $2.6M – $4.5M |
| Industry (NAICS) | Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) (533110) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“Delivering exemplary on-shore land services to a wide-ranging clientele base for over forty years.”
Advisors
- BankingCowboy 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
| Cowboy Bank PPP 2020, PPP 2021 | All 286 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $252K | 14 |
| 1/16/2021 | second | $194K | 11 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bearcat Land, Inc
Bearcat Land, Inc is a lessors of nonfinancial intangible assets (except copyrighted works) company in Oklahoma City, Oklahoma, in business since 2003. It is owned by Kate Henderson (President). Its estimated annual revenue is about $18.0M, with roughly $4.0M of EBITDA. It has about 6 employees. Its estimated business value is $21.9M (likely range $11.5M–$29.9M).
Common questions
- Who owns Bearcat Land, Inc?
- Bearcat Land, Inc is owned by Kate Henderson (President), according to public sources such as the company's website or filings.
- How much revenue does Bearcat Land, Inc make?
- SeeBITDA estimates Bearcat Land, Inc's annual revenue at about $18.0M (likely between $11.9M and $20.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bearcat Land, Inc worth?
- About $21.9M, roughly 5.5× its estimated EBITDA of $4.0M, typical for a lessors of nonfinancial intangible assets (except copyrighted works) company its size. Likely range: $11.5M–$29.9M.
- How many employees does Bearcat Land, Inc have?
- About 6, from its 2025 retirement-plan filing.
- When was Bearcat Land, Inc founded?
- Bearcat Land, Inc has been in business since 2003.