D & J Oil Company, Inc.
How we got $44.3M
Based on its 10 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.
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| D & J OIL COMPANY, INC. this business | $35.5M | — |
| SHELLBARK VENTURES LLC Enid · 1 employees | $4.5M | 1.9 mi |
| ON POINT RESOURCES, LLC Enid · 1 employees | $4.6M | 2.6 mi |
| HENRY GUNGOLL OPERATING INC Enid · 5 employees | $24.9M | 2.6 mi |
| RESOURCES OPERATING CO., INC. Enid · 2 employees | $8.3M | 2.8 mi |
| CIRRUS PRODUCTION COMPANY Enid · 7 employees | $31.8M | 3.3 mi |
| HIGH PLAINS OPERATING, INC. Waukomis · 2 employees | $9.3M | 8.0 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $39.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $24.7M |
| Estimate: the two combined (geometric mean) | $35.5M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $8.1M |
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 | $44.3M |
| Multiple for this size and industry | 5.5× |
| Value range | $23.3M – $60.6M |
| Revenue range | $23.3M – $40.4M |
| EBITDA range | $5.3M – $9.2M |
| 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
Advisors
- BankingProsperity Bank, Gateway First 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
| Gateway First Bank PPP 2021 | All 26 borrowers → |
| Prosperity Bank PPP 2020 | All 748 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $130K | 10 |
| 1/21/2021 | second | $142K | 10 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About D & J Oil Company, Inc.
D & J Oil Company, Inc. is a crude petroleum extraction company in Enid, Oklahoma, in business since 2002. Its estimated annual revenue is about $35.5M, with roughly $8.1M of EBITDA. It has about 10 employees. Its estimated business value is $44.3M (likely range $23.3M–$60.6M).
Common questions
- Who owns D & J Oil Company, Inc.?
- The owner of D & J Oil Company, 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 D & J Oil Company, Inc. make?
- SeeBITDA estimates D & J Oil Company, Inc.'s annual revenue at about $35.5M (likely between $23.3M and $40.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is D & J Oil Company, Inc. worth?
- About $44.3M, roughly 5.5× its estimated EBITDA of $8.1M, typical for a crude petroleum extraction company its size. Likely range: $23.3M–$60.6M.
- How many employees does D & J Oil Company, Inc. have?
- About 10, as reported on its PPP loan.
- When was D & J Oil Company, Inc. founded?
- D & J Oil Company, Inc. has been in business since 2002.