Cimarron River Operating Corporation
How we got $9.9M
Based on its 3 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.
What we know
Signs of a sale Unlikely to sell soon
- In business 18 years (since 2008)
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 |
|---|---|---|
| CIMARRON RIVER OPERATING CORPORATION this business | $8.6M | — |
| HARTLINE OIL COMPANY Drumright · 2 employees | $9.3M | 7.8 mi |
| ALLEN BAUGH Drumright · 2 employees | $9.3M | 10.2 mi |
| ERIK OIL, L.L.C. Drumright · 2 employees | $9.3M | 10.2 mi |
| FLINT EQUIPMENT, LLC Drumright · 5 employees | $13.8M | 10.9 mi |
| GLIMP OIL COMPANY, L.L.C. Drumright · 4 employees | $15.6M | 10.9 mi |
| LITTLE RIVER ENERGY CO., INC. Drumright · 3 employees | $8.5M | 11.1 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.9M |
| Estimate: the two combined (geometric mean) | $8.6M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.1M |
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 | $9.9M |
| Multiple for this size and industry | 4.7× |
| Value range | $5.2M – $13.5M |
| Revenue range | $5.7M – $9.8M |
| EBITDA range | $1.4M – $2.4M |
| Industry (NAICS) | Crude Petroleum Extraction (211120) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingBOKF, National AssociationPPP / 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
| BOKF, National Association PPP 2020 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $26K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cimarron River Operating Corporation
Cimarron River Operating Corporation is a crude petroleum extraction company in Mannford, Oklahoma, in business since 2008. It is owned by Harold Colpitt Jr. (Contact). Its estimated annual revenue is about $8.6M, with roughly $2.1M of EBITDA. It has about 3 employees. Its estimated business value is $9.9M (likely range $5.2M–$13.5M).
Common questions
- Who owns Cimarron River Operating Corporation?
- Cimarron River Operating Corporation is owned by Harold Colpitt Jr. (Contact), according to public sources such as the company's website or filings.
- How much revenue does Cimarron River Operating Corporation make?
- SeeBITDA estimates Cimarron River Operating Corporation's annual revenue at about $8.6M (likely between $5.7M and $9.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cimarron River Operating Corporation worth?
- About $9.9M, roughly 4.7× its estimated EBITDA of $2.1M, typical for a crude petroleum extraction company its size. Likely range: $5.2M–$13.5M.
- How many employees does Cimarron River Operating Corporation have?
- About 3, as reported on its PPP loan.
- When was Cimarron River Operating Corporation founded?
- Cimarron River Operating Corporation has been in business since 2008.