Cardinal River Energy I LLC
How we got $37.9M
Based on its 6 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.
Employees over time
▲ 33% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 6 | $19.9M |
| 2024 | Form 5500 | 42 | $139.3M |
| 2025 | Form 5500 | 8 | $26.5M |
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.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 81% since 2024 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CARDINAL RIVER ENERGY I LLC this business | $30.3M | — |
| LANCE RUFFEL OIL & GAS, LLC Oklahoma City · 27 employees | $111.6M | 0.1 mi |
| BINGER OPERATIONS LLC Oklahoma City · 11 employees | $40.0M | 0.1 mi |
| OGP ENERGY LTD PARTNERSHIP 1 Oklahoma City · 3 employees | $12.6M | 0.1 mi |
| SANDSTONE ENERGY ACQUISITIONS CORP Oklahoma City · 6 employees | $36.1M | 0.1 mi |
| SANDSTONE ENERGY ACQUISTIONS CORP Oklahoma City · 6 employees | $36.4M | 0.1 mi |
| OKLAND OIL COMPANY Oklahoma City · 16 employees | $63.7M | 0.1 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $23.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $30.0M |
| Estimate: the two combined (geometric mean) | $30.3M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $6.9M |
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 | $37.9M |
| Multiple for this size and industry | 5.5× |
| Value range | $19.9M – $51.8M |
| Revenue range | $19.9M – $34.5M |
| EBITDA range | $4.5M – $7.8M |
| 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
- BankingBancFirstPPP / 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
| BancFirst PPP 2020, PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $158K | 6 |
| 4/14/2020 | first | $56K | 2 |
| 1/30/2021 | second | $42K | 2 |
| 2/26/2021 | second | $125K | 5 |
About Cardinal River Energy I LLC
Cardinal River Energy I LLC is a crude petroleum extraction company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $30.3M, with roughly $6.9M of EBITDA. It has about 8 employees. Its estimated business value is $37.9M (likely range $19.9M–$51.8M).
Common questions
- Who owns Cardinal River Energy I LLC?
- The owner of Cardinal River Energy I 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 Cardinal River Energy I LLC make?
- SeeBITDA estimates Cardinal River Energy I LLC's annual revenue at about $30.3M (likely between $19.9M and $34.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cardinal River Energy I LLC worth?
- About $37.9M, roughly 5.5× its estimated EBITDA of $6.9M, typical for a crude petroleum extraction company its size. Likely range: $19.9M–$51.8M.
- How many employees does Cardinal River Energy I LLC have?
- About 8, from its 2025 retirement-plan filing.