Casillas Petroleum Corp.
How we got $218.0M
Based on its 35 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 21 years (since 2005)
From public records and the company's website, not a statement that it's for sale.
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
▼ 34% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 35 | $116.1M |
| 2020 | Form 5500 | 32 | $106.1M |
| 2021 | Form 5500 | 29 | $96.2M |
| 2022 | Form 5500 | 26 | $86.2M |
| 2023 | Form 5500 | 26 | $86.2M |
| 2024 | Form 5500 | 24 | $79.6M |
| 2025 | Form 5500 | 23 | $76.3M |
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 |
|---|---|---|
| CASILLAS PETROLEUM CORP. this business | $152.3M | — |
| LAWSON PETROLEUM COMPANY Tulsa · 2 employees | $8.8M | 0.0 mi |
| PETROLEUM DEVELOPMENT COMPANY Tulsa · 6 employees | $27.8M | 0.0 mi |
| GEMINI OIL COMPANY INC Tulsa · 5 employees | $16.1M | 0.0 mi |
| MARJO OPERATING MID-CONTINENT LLC Tulsa · 10 employees | $41.2M | 0.0 mi |
| ORCA RESOURCES, LLC Tulsa · 4 employees | $13.4M | 0.0 mi |
| SHANE SAUNDERS Tulsa · 1 employees | $4.6M | 0.0 mi |
The full calculation
| Employees reported to the SBA | 35 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $137.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $130.2M |
| Estimate: the two combined (geometric mean) | $152.3M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $30.3M |
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 | $218.0M |
| Multiple for this size and industry | 7.2× |
| Value range | $114.7M – $298.3M |
| Revenue range | $100.2M – $173.7M |
| EBITDA range | $19.9M – $34.5M |
| 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
Leadership
- JSJohn SengerChief Financial Officer · From a web search · source
- LPLinda PittmanSigned for the company · 2022 retirement-plan filing (Form 5500)
Advisors
- BankingCommerce 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
| Commerce Bank PPP 2020, PPP 2021 | All 113 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $685K | 35 |
| 3/12/2021 | second | $686K | 30 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Casillas Petroleum Corp.
Casillas Petroleum Corp. is a crude petroleum extraction company in Tulsa, Oklahoma, in business since 2005. It is owned by Greg Casillas. Its estimated annual revenue is about $152.3M, with roughly $30.3M of EBITDA. It has about 23 employees. Its estimated business value is $218.0M (likely range $114.7M–$298.3M).
Common questions
- Who owns Casillas Petroleum Corp.?
- Casillas Petroleum Corp. is owned by Greg Casillas, according to public sources such as the company's website or filings.
- How much revenue does Casillas Petroleum Corp. make?
- SeeBITDA estimates Casillas Petroleum Corp.'s annual revenue at about $152.3M (likely between $100.2M and $173.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Casillas Petroleum Corp. worth?
- About $218.0M, roughly 7.2× its estimated EBITDA of $30.3M, typical for a crude petroleum extraction company its size. Likely range: $114.7M–$298.3M.
- How many employees does Casillas Petroleum Corp. have?
- About 23, from its 2025 retirement-plan filing.
- When was Casillas Petroleum Corp. founded?
- Casillas Petroleum Corp. has been in business since 2005.