Eagle Road Oil LLC
How we got $9.2M
Based on its 15 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.
Employees over time
▼ 67% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 15 | $5.4M |
| 2020 | Form 5500 | 14 | $5.0M |
| 2021 | Form 5500 | 14 | $5.0M |
| 2022 | Form 5500 | 11 | $4.0M |
| 2023 | Form 5500 | 12 | $4.3M |
| 2024 | Form 5500 | 8 | $2.9M |
| 2025 | Form 5500 | 5 | $1.8M |
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 |
|---|---|---|
| EAGLE ROAD OIL LLC this business | $8.6M | — |
| JERICHO OIL OKLAHOMA CORP Tulsa · 3 employees | $1.2M | 0.0 mi |
| Getka Tulsa | $1.5M | 0.0 mi |
| Citizen Energy Tulsa | $1.5M | 0.0 mi |
| BLACK MESA ENERGY, LLC Tulsa · 6 employees | $4.0M | 0.0 mi |
| OKIE CRUDE COMPANY Tulsa · 4 employees | $2.4M | 0.0 mi |
| Blue Mountain Midstream Tulsa | $1.5M | 0.0 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $10.8M |
| Estimate: the two combined (geometric mean) | $8.6M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.1M |
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 | $9.2M |
| Multiple for this size and industry | 4.4× |
| Value range | $4.9M – $12.6M |
| Revenue range | $5.7M – $9.8M |
| EBITDA range | $1.4M – $2.4M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingTD 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
| TD Bank, National Association PPP 2020, PPP 2021 | All 2 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 | $330K | 15 |
| 2/20/2021 | second | $310K | 15 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Eagle Road Oil LLC
Eagle Road Oil LLC is an oil & gas company in Tulsa, Oklahoma, in business since 2025. It is owned by James O. Goodwin (Publisher). Its estimated annual revenue is about $8.6M, with roughly $2.1M of EBITDA. It has about 5 employees. Its estimated business value is $9.2M (likely range $4.9M–$12.6M).
Common questions
- Who owns Eagle Road Oil LLC?
- Eagle Road Oil LLC is owned by James O. Goodwin (Publisher), according to public sources such as the company's website or filings.
- How much revenue does Eagle Road Oil LLC make?
- SeeBITDA estimates Eagle Road Oil LLC's annual revenue at about $8.6M (likely between $5.7M and $9.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Eagle Road Oil LLC worth?
- About $9.2M, roughly 4.4× its estimated EBITDA of $2.1M, typical for a oil & gas company its size. Likely range: $4.9M–$12.6M.
- How many employees does Eagle Road Oil LLC have?
- About 5, from its 2025 retirement-plan filing.
- When was Eagle Road Oil LLC founded?
- Eagle Road Oil LLC has been in business since 2025.