Crest Resources, Inc.
How we got $4.2M
Based on its 6 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 24 years (since 2002)
From public records and the company's website, not a statement that it's for sale.
What they do
Crest Resources, Inc. is a private independent oil and gas company based in Tulsa, Oklahoma that acquires, operates, and exploits oil and gas assets in the Powder River Basin, Mid-Continent, and South Texas regions.
From the company's website. Industry: Oil & gas.
Customers & suppliers
Customers
- Guggenheim Partners, LLC · named on its website
- British Petroleum ("BP") · named on its website
Estimated value over time
▲ 5% 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
▼ 17% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 6 | $2.0M |
| 2020 | Form 5500 | 2 | $659K |
| 2021 | Form 5500 | 2 | $659K |
| 2022 | Form 5500 | 3 | $989K |
| 2023 | Form 5500 | 4 | $1.3M |
| 2024 | Form 5500 | 5 | $1.6M |
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 |
|---|---|---|
| CREST RESOURCES, INC. this business | $3.8M | — |
| Hawkins Oil, Llc Tulsa | $1.5M | 0.0 mi |
| Davis WM H & Davis Operating Company Tulsa | $1.5M | 0.0 mi |
| Woodbine Financial Corporation Tulsa | $1.5M | 0.0 mi |
| Getka Tulsa | $1.5M | 0.0 mi |
| COWBOY OILFIELD SERVICES, LLC Tulsa · 3 employees | $1.6M | 0.0 mi |
| ORCA OPERATING COMPANY, LLC Tulsa · 10 employees | $4.9M | 0.0 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.5M |
| Estimate: the two combined (geometric mean) | $3.8M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $1.2M |
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 | $4.2M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.2M – $5.8M |
| Revenue range | $2.5M – $4.4M |
| EBITDA range | $768K – $1.3M |
| Industry (NAICS) | Drilling Oil and Gas Wells (213111) |
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, PPP 2021 | 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 |
|---|---|---|---|
| 4/30/2020 | first | $116K | 6 |
| 2/3/2021 | second | $116K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Crest Resources, Inc.
Crest Resources, Inc. is an oil & gas company in Tulsa, Oklahoma, in business since 2002. Its estimated annual revenue is about $3.8M, with roughly $1.2M of EBITDA. It has about 5 employees. Its estimated business value is $4.2M (likely range $2.2M–$5.8M).
Common questions
- Who owns Crest Resources, Inc.?
- The owner of Crest Resources, 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 Crest Resources, Inc. make?
- SeeBITDA estimates Crest Resources, Inc.'s annual revenue at about $3.8M (likely between $2.5M and $4.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Crest Resources, Inc. worth?
- About $4.2M, roughly 3.6× its estimated EBITDA of $1.2M, typical for a oil & gas company its size. Likely range: $2.2M–$5.8M.
- How many employees does Crest Resources, Inc. have?
- About 5, from its 2024 retirement-plan filing.
- When was Crest Resources, Inc. founded?
- Crest Resources, Inc. has been in business since 2002.