Cross Oil & Gas Inc.
How we got $5.3M
Based on its 10 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CROSS OIL & GAS INC. this business | $5.3M | — |
| White Operating Co. Oklahoma City | $1.5M | 0.6 mi |
| KRUSKA CONSULTING LLC Oklahoma City · 1 employees | $557K | 0.9 mi |
| BLUE STREAM ENERGY INC. Oklahoma City · 1 employees | $529K | 1.3 mi |
| W. A. WATERMAN & CO. Oklahoma City · 5 employees | $3.3M | 1.4 mi |
| TAMI WHEELER LLC Oklahoma City · 1 employees | $470K | 1.4 mi |
| FINDING DIMES, LLC Oklahoma City · 2 employees | $979K | 1.8 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.2M |
| Estimate: the two combined (geometric mean) | $5.3M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $1.5M |
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 | $5.3M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.8M – $7.3M |
| Revenue range | $3.5M – $6.1M |
| EBITDA range | $973K – $1.7M |
| 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
- BankingArvest 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 Roles are as stated there and may be out of date.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
| Arvest Bank PPP 2020 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $155K | 10 |
About Cross Oil & Gas Inc.
Cross Oil & Gas Inc. is an oil & gas company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $5.3M, with roughly $1.5M of EBITDA. It has about 10 employees. Its estimated business value is $5.3M (likely range $2.8M–$7.3M).
Common questions
- Who owns Cross Oil & Gas Inc.?
- The owner of Cross Oil & Gas 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 Cross Oil & Gas Inc. make?
- SeeBITDA estimates Cross Oil & Gas Inc.'s annual revenue at about $5.3M (likely between $3.5M and $6.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cross Oil & Gas Inc. worth?
- About $5.3M, roughly 3.6× its estimated EBITDA of $1.5M, typical for a oil & gas company its size. Likely range: $2.8M–$7.3M.
- How many employees does Cross Oil & Gas Inc. have?
- About 10, as reported on its PPP loan.