Binger Operations LLC
How we got $34.7M
Based on its 11 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 |
|---|---|---|
| BINGER OPERATIONS LLC this business | $27.8M | — |
| OGP ENERGY LTD PARTNERSHIP 1 Oklahoma City · 3 employees | $8.8M | 0.0 mi |
| DERBY ENERGY, LLC Oklahoma City · 17 employees | $47.9M | 0.1 mi |
| CARDINAL RIVER ENERGY I LLC Oklahoma City · 6 employees | $23.9M | 0.1 mi |
| GOSH EXPLORATION LP Oklahoma City · 4 employees | $15.7M | 0.1 mi |
| LANCE RUFFEL OIL & GAS, LLC Oklahoma City · 27 employees | $74.8M | 0.1 mi |
| SANDSTONE ENERGY ACQUISITIONS CORP Oklahoma City · 6 employees | $25.5M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $34.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $22.6M |
| Estimate: the two combined (geometric mean) | $27.8M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $6.3M |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 4% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $34.7M |
| Multiple for this size and industry | 5.5× |
| Value range | $20.8M – $54.1M |
| Revenue range | $20.8M – $36.1M |
| EBITDA range | $4.7M – $8.2M |
| 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
People & advisors
Advisors
- BankingINTRUST Bank, National AssociationPPP / 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 Roles are as stated there and may be out of date.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
| INTRUST Bank, National Association PPP 2020 | All 170 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $150K | 11 |
About Binger Operations LLC
Binger Operations LLC is a crude petroleum extraction company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $27.8M, with roughly $6.3M of EBITDA. It has about 11 employees. Its estimated business value is $34.7M (likely range $20.8M–$54.1M).
Common questions
- Who owns Binger Operations LLC?
- The owner of Binger Operations 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 Binger Operations LLC make?
- SeeBITDA estimates Binger Operations LLC's annual revenue at about $27.8M (likely between $20.8M and $36.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Binger Operations LLC worth?
- About $34.7M, roughly 5.5× its estimated EBITDA of $6.3M, typical for a crude petroleum extraction company its size. Likely range: $20.8M–$54.1M.
- How many employees does Binger Operations LLC have?
- About 11, as reported on its PPP loan.