Elm III Operating
How we got $5.5M
Based on its 17 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ELM III OPERATING this business | $5.5M | — |
| DAWSON MARKWELL EXPLORATION Edmond · 7 employees | $2.2M | 0.0 mi |
| BLACK DIAMOND LAND RESOURCES, LLC Edmond · 1 employees | $669K | 0.7 mi |
| GLEN E MEYERS INC Edmond · 3 employees | $2.3M | 0.7 mi |
| ANEVAY RESOURCES, LLC Edmond · 2 employees | $1.3M | 0.7 mi |
| LOBAR OIL CO LLC Edmond · 2 employees | $1.0M | 0.8 mi |
| WESTSTAR OIL AND GAS INC. Edmond · 4 employees | $2.3M | 0.8 mi |
The full calculation
| Employees reported to the SBA | 17 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.2M |
| Estimate: the two combined (geometric mean) | $5.5M |
| 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 | $5.5M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.9M – $7.5M |
| Revenue range | $3.6M – $6.2M |
| EBITDA range | $998K – $1.7M |
| Industry (NAICS) | Drilling Oil and Gas Wells (213111) |
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
History & advisors
Advisors
- BankingCorebankPPP / 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 Roles are as stated there and may be out of date.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
| COREBANK PPP 2020 | All 9 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 | $96K | 17 |
About Elm III Operating
Elm III Operating is an oil & gas company in Edmond, Oklahoma. Its estimated annual revenue is about $5.5M, with roughly $1.5M of EBITDA. It has about 17 employees. Its estimated business value is $5.5M (likely range $2.9M–$7.5M).
Common questions
- Who owns Elm III Operating?
- The owner of Elm III Operating 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 Elm III Operating make?
- SeeBITDA estimates Elm III Operating's annual revenue at about $5.5M (likely between $3.6M and $6.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Elm III Operating worth?
- About $5.5M, roughly 3.6× its estimated EBITDA of $1.5M, typical for a oil & gas company its size. Likely range: $2.9M–$7.5M.
- How many employees does Elm III Operating have?
- About 17, as reported on its PPP loan.