Ceja Corporation
How we got $95.2M
Based on 25 employees on its 2024 401(k) filing.
What we know
Signs of a sale Likely to sell
- In business 60 years (since 1966)
- Headcount down 36% since 2020 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Ceja Corporation is a privately owned oil and gas exploration and production company based in Tulsa, Oklahoma, founded in 1966. It operates and monitors producing properties and generates new drilling prospects in Illinois and Oklahoma.
From the company's website. Industry: Crude Petroleum Extraction.
Estimated value over time
▼ 22% 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
▼ 38% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 40 | $132.6M |
| 2020 | Form 5500 | 39 | $129.3M |
| 2021 | Form 5500 | 32 | $106.1M |
| 2022 | Form 5500 | 32 | $106.1M |
| 2023 | Form 5500 | 33 | $109.4M |
| 2024 | Form 5500 | 25 | $82.9M |
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CEJA CORPORATION this business | $74.8M | — |
| NEW DOMINION LLC Tulsa · 34 employees | $80.8M | 0.1 mi |
| MUNTA, LLC Tulsa | $20.9M | 0.2 mi |
| SANGUINE GAS EXPLORATION, LLC Tulsa · 30 employees | $110.7M | 0.5 mi |
| EP ENTERPRISES, INC. Tulsa · 6 employees | $18.0M | 0.5 mi |
| TOOMEY OIL CO., INC. Tulsa · 5 employees | $12.3M | 0.5 mi |
| BANNER OIL & GAS, LLC Tulsa · 18 employees | $50.3M | 0.6 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $95.2M |
| Multiple for this size and industry | 6.4× |
| Value range | $60.9M – $171.3M |
| Employees in its retirement plan (2024 Form 5500) | 25 |
| Industry revenue per employee | $3.3M |
| Revenue = employees × revenue per employee | $74.8M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $14.9M |
| For comparison: employees reported for PPP (2020) | 40 |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $59.8M – $112.2M |
| EBITDA range | $11.9M – $22.3M |
| 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. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Ceja Corporation is a privately owned oil and gas exploration and production company founded in 1966 by the late Charles W. Oliphant.”
Leadership
- TMTrista MitchellSigned for the company · 2024 retirement-plan filing (Form 5500)
Advisors
- BankingMidFirst 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
| MidFirst Bank PPP 2020, PPP 2021 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $714K | 40 |
| 3/12/2021 | second | $684K | 40 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Ceja Corporation
Ceja Corporation is a crude petroleum extraction company in Tulsa, Oklahoma, in business since 1966. It is owned by Greg Oliphant (Chairman and CEO). Its estimated annual revenue is about $74.8M, with roughly $14.9M of EBITDA. It has about 25 employees. Its estimated business value is $95.2M (likely range $60.9M–$171.3M).
Common questions
- Who owns Ceja Corporation?
- Ceja Corporation is owned by Greg Oliphant (Chairman and CEO), according to public sources such as the company's website or filings.
- How much revenue does Ceja Corporation make?
- SeeBITDA estimates Ceja Corporation's annual revenue at about $74.8M (likely between $59.8M and $112.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ceja Corporation worth?
- About $95.2M, roughly 6.4× its estimated EBITDA of $14.9M, typical for a crude petroleum extraction company its size. Likely range: $60.9M–$171.3M.
- How many employees does Ceja Corporation have?
- About 25, from its 2024 retirement-plan filing.
- When was Ceja Corporation founded?
- Ceja Corporation has been in business since 1966.
- Is Ceja Corporation for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 60 years (since 1966); headcount down 36% since 2020 (retirement plan filings).