Chance Oil Company Inc.
How we got $342K
Based on its 1 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▲ 4% since 2021Today'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 |
|---|---|---|
| CHANCE OIL COMPANY INC. this business | $434K | — |
| CARDINAL ENERGY INC Wynnewood · 1 employees | $349K | 0.1 mi |
| T LEONARD CPWI COMPANY LLC Wynnewood · 1 employees | $557K | 1.9 mi |
| JOE B. CLIFTON EXPLORATION, INC. Pauls Valley · 2 employees | $1.0M | 6.0 mi |
| RD TANK SERVICES, LLC Pauls Valley · 5 employees | $2.1M | 6.8 mi |
| SPENCER'S CONTRACT PUMPING, LLC Wynnewood · 2 employees | $947K | 7.9 mi |
| SW BITS, LLC Pauls Valley · 1 employees | $652K | 7.9 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $470K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $308K |
| Estimate: the two combined (geometric mean) | $434K |
| EBITDA margin (industry, adjusted for size) | 39% |
| EBITDA = revenue × margin | $171K |
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 | $342K |
| Multiple for this size and industry | 2× |
| Value range | $180K – $468K |
| Revenue range | $286K – $495K |
| EBITDA range | $112K – $195K |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
- BankingArmstrong 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 Roles are as stated there and may be out of date.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
| Armstrong Bank PPP 2021 | All 1,355 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/4/2021 | second | $8K | 1 |
About Chance Oil Company Inc.
Chance Oil Company Inc. is an oil & gas company in Wynnewood, Oklahoma. Its estimated annual revenue is about $434K, with roughly $171K of EBITDA. It has about 1 employees. Its estimated business value is $342K (likely range $180K–$468K).
Common questions
- Who owns Chance Oil Company Inc.?
- The owner of Chance 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 Chance Oil Company Inc. make?
- SeeBITDA estimates Chance Oil Company Inc.'s annual revenue at about $434K (likely between $286K and $495K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Chance Oil Company Inc. worth?
- About $342K, roughly 2× its estimated EBITDA of $171K, typical for a oil & gas company its size. Likely range: $180K–$468K.
- How many employees does Chance Oil Company Inc. have?
- About 1, as reported on its PPP loan.