Culbreath Oil & Gas Co Inc
How we got $40.0M
Based on its 7 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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.
Employees over time
▼ 43% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 7 | $23.2M |
| 2020 | Form 5500 | 5 | $16.6M |
| 2021 | Form 5500 | 5 | $16.6M |
| 2022 | Form 5500 | 5 | $16.6M |
| 2023 | Form 5500 | 5 | $16.6M |
| 2024 | Form 5500 | 4 | $13.3M |
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 |
|---|---|---|
| CULBREATH OIL & GAS CO INC this business | $32.0M | — |
| ROSLEO LLC Tulsa · 1 employees | $3.7M | 0.8 mi |
| LEGACY PETROLEUM, LLC Tulsa · 1 employees | $5.5M | 1.0 mi |
| WILLIFORD ENERGY COMPANY Tulsa · 11 employees | $39.7M | 1.3 mi |
| ABUNDANCE ENERGY SERVICES, LLC Tulsa | $236.8M | 1.4 mi |
| TALLGRASS RESOURCES LLC Tulsa | $142.9M | 1.5 mi |
| DUKE MINERALS NON-OP LLC Tulsa · 1 employees | $4.6M | 1.8 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $27.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $28.7M |
| Estimate: the two combined (geometric mean) | $32.0M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $7.3M |
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 | $40.0M |
| Multiple for this size and industry | 5.5× |
| Value range | $21.0M – $54.7M |
| Revenue range | $21.0M – $36.5M |
| EBITDA range | $4.8M – $8.3M |
| Industry (NAICS) | Crude Petroleum Extraction (211120) |
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
People & advisors
Leadership
- CCCharles CulbreathSigned for the company · 2022 retirement-plan filing (Form 5500)
Advisors
- BankingSpiritBankPPP / 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
| SpiritBank PPP 2020, PPP 2021 | All 369 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $151K | 7 |
| 1/23/2021 | second | $92K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Culbreath Oil & Gas Co Inc
Culbreath Oil & Gas Co Inc is a crude petroleum extraction company in Tulsa, Oklahoma. Its estimated annual revenue is about $32.0M, with roughly $7.3M of EBITDA. It has about 4 employees. Its estimated business value is $40.0M (likely range $21.0M–$54.7M).
Common questions
- Who owns Culbreath Oil & Gas Co Inc?
- The owner of Culbreath Oil & Gas Co 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 Culbreath Oil & Gas Co Inc make?
- SeeBITDA estimates Culbreath Oil & Gas Co Inc's annual revenue at about $32.0M (likely between $21.0M and $36.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Culbreath Oil & Gas Co Inc worth?
- About $40.0M, roughly 5.5× its estimated EBITDA of $7.3M, typical for a crude petroleum extraction company its size. Likely range: $21.0M–$54.7M.
- How many employees does Culbreath Oil & Gas Co Inc have?
- About 4, from its 2024 retirement-plan filing.