Concorde Resources Corporation
How we got $1.2M
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 9% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CONCORDE RESOURCES CORPORATION this business | $1.5M | — |
| CECIL INC Checotah · 2 employees | $1.1M | 4.0 mi |
| H & L RENTALS AND WELL SERVICE, INC. Eufaula · 25 employees | $14.2M | 4.9 mi |
| WISE OILFIELD SERVICES LLC Checotah · 1 employees | $420K | 5.0 mi |
| NEWPORT'S WELL SERVICE, LLC Eufaula · 1 employees | $638K | 8.6 mi |
| BLAYLOCK OIL AND GAS LLC Stigler · 2 employees | $1.2M | 11.4 mi |
| DOUBLE G SERVICES LLC Stigler · 1 employees | $557K | 11.7 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.2M |
| Estimate: the two combined (geometric mean) | $1.5M |
| EBITDA margin (industry, adjusted for size) | 34% |
| EBITDA = revenue × margin | $494K |
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 | $1.2M |
| Multiple for this size and industry | 2.4× |
| Value range | $623K – $1.6M |
| Revenue range | $966K – $1.7M |
| EBITDA range | $325K – $563K |
| 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
- BankingPatrons Bank 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 Roles are as stated there and may be out of date.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
| Patrons Bank National Association PPP 2020, PPP 2021 | All 131 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 | $30K | 3 |
| 1/26/2021 | second | $30K | 3 |
About Concorde Resources Corporation
Concorde Resources Corporation is an oil & gas company in Eufaula, Oklahoma. Its estimated annual revenue is about $1.5M, with roughly $494K of EBITDA. It has about 3 employees. Its estimated business value is $1.2M (likely range $623K–$1.6M).
Common questions
- Who owns Concorde Resources Corporation?
- The owner of Concorde Resources Corporation 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 Concorde Resources Corporation make?
- SeeBITDA estimates Concorde Resources Corporation's annual revenue at about $1.5M (likely between $966K and $1.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Concorde Resources Corporation worth?
- About $1.2M, roughly 2.4× its estimated EBITDA of $494K, typical for a oil & gas company its size. Likely range: $623K–$1.6M.
- How many employees does Concorde Resources Corporation have?
- About 3, as reported on its PPP loan.