Gas Development Corporation
How we got $11.8M
Based on its 3 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
▲ 0% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 3 | $9.9M |
| 2020 | Form 5500 | 3 | $9.9M |
| 2021 | Form 5500 | 3 | $9.9M |
| 2022 | Form 5500 | 3 | $9.9M |
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 |
|---|---|---|
| GAS DEVELOPMENT CORPORATION this business | $10.3M | — |
| OKLAHOMA CRUDE INC. Broken Arrow · 1 employees | $4.6M | 2.9 mi |
| JEFF RUSIEWICZ Tulsa · 1 employees | $3.1M | 3.6 mi |
| EAGLE RIVER ENERGY CORPORATION Broken Arrow · 2 employees | $9.7M | 4.7 mi |
| ARMOR ENERGY, LLC Tulsa · 14 employees | $81.8M | 5.6 mi |
| CFMI, LLC Tulsa · 11 employees | $45.1M | 6.1 mi |
| HARRISON-WRIGHT OIL COMPANY LLC Tulsa · 1 employees | $4.0M | 6.1 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.9M |
| Estimate: the two combined (geometric mean) | $10.3M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.5M |
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 | $11.8M |
| Multiple for this size and industry | 4.7× |
| Value range | $6.2M – $16.1M |
| Revenue range | $6.8M – $11.7M |
| EBITDA range | $1.7M – $2.9M |
| 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
History & advisors
Advisors
- BankingAmerican Bank of OklahomaPPP / 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
| American Bank of Oklahoma PPP 2020, PPP 2021 | All 137 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $36K | 3 |
| 2/5/2021 | second | $33K | 3 |
2 locations
| 908 S 11TH ST | Broken Arrow | This listing |
| 4527 E 91st St | Tulsa | View |
Revenue, profit and value are for the whole company.
About Gas Development Corporation
Gas Development Corporation is a crude petroleum extraction company in Broken Arrow, Oklahoma. Its estimated annual revenue is about $10.3M, with roughly $2.5M of EBITDA. It has about 3 employees. Its estimated business value is $11.8M (likely range $6.2M–$16.1M). It has 2 locations.
Common questions
- Who owns Gas Development Corporation?
- The owner of Gas Development Corporation 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 Gas Development Corporation make?
- SeeBITDA estimates Gas Development Corporation's annual revenue at about $10.3M (likely between $6.8M and $11.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Gas Development Corporation worth?
- About $11.8M, roughly 4.7× its estimated EBITDA of $2.5M, typical for a crude petroleum extraction company its size. Likely range: $6.2M–$16.1M.
- How many employees does Gas Development Corporation have?
- About 3, from its 2022 retirement-plan filing.