Carey Johnson Oil Company, Inc.
How we got $111.3M
Based on its 249 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 5% 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
▼ 84% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 249 | $82.1M |
| 2020 | Form 5500 | 168 | $55.4M |
| 2021 | Form 5500 | 100 | $33.0M |
| 2022 | Form 5500 | 120 | $39.6M |
| 2023 | Form 5500 | 39 | $12.9M |
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 77% since 2020 (retirement plan filings)
- Acquired by Love's Travel Stops (2023)
From public records and the company's website, not a statement that it's for sale.
Ownership & transactions
- Acquired by Love's Travel Stops · Apr 2023Love's Travel Stops completed its acquisition of EZ GO from Oklahoma-based Carey Johnson Oil Company, including six travel stops on Oklahoma turnpikes.Source
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CAREY JOHNSON OIL COMPANY, INC. this business | $81.7M | — |
| SoLiv Solar, LLC Lawton | $1.5M | 0.9 mi |
| 86 WEST ENERGY, INC. Lawton · 1 employees | $669K | 2.4 mi |
| FRENCH OIL INC. Lawton · 4 employees | $1.5M | 3.9 mi |
| SWS OPERATING LLC Lawton · 1 employees | $375K | 6.5 mi |
| CAPUCCIO VENTURES LLC Lawton · 1 employees | $693K | 10.9 mi |
| FAIRWIND, LLC Lawton · 9 employees | $4.6M | 13.9 mi |
The full calculation
| Employees reported to the SBA | 249 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $96.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $52.9M |
| Estimate: the two combined (geometric mean) | $81.7M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $18.6M |
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 | $111.3M |
| Multiple for this size and industry | 6× |
| Value range | $58.6M – $152.3M |
| Revenue range | $53.7M – $93.1M |
| EBITDA range | $12.2M – $21.2M |
| Industry (NAICS) | Drilling Oil and Gas Wells (213111) |
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
- AccountingEide Bailly, LLPAudits its 401(k) plan (2023 filing)
- 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 | 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 |
|---|---|---|---|
| 4/5/2020 | first | $2.1M | 249 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Carey Johnson Oil Company, Inc.
Carey Johnson Oil Company, Inc. is an oil & gas company in Lawton, Oklahoma. Its estimated annual revenue is about $81.7M, with roughly $18.6M of EBITDA. It has about 39 employees. Its estimated business value is $111.3M (likely range $58.6M–$152.3M).
Common questions
- Who owns Carey Johnson Oil Company, Inc.?
- The owner of Carey Johnson Oil Company, 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 Carey Johnson Oil Company, Inc. make?
- SeeBITDA estimates Carey Johnson Oil Company, Inc.'s annual revenue at about $81.7M (likely between $53.7M and $93.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Carey Johnson Oil Company, Inc. worth?
- About $111.3M, roughly 6× its estimated EBITDA of $18.6M, typical for a oil & gas company its size. Likely range: $58.6M–$152.3M.
- How many employees does Carey Johnson Oil Company, Inc. have?
- About 39, from its 2023 retirement-plan filing.