Glacier Petroleum Co. Okla, Inc.
How we got $50.0M
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 Some signs of a sale
- In business 26 years (since 2000)
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 |
|---|---|---|
| GLACIER PETROLEUM CO. OKLA, INC. this business | $40.0M | — |
| JERO LAND SERVICES LLC Edmond · 1 employees | $3.4M | 0.5 mi |
| MURAS ENERGY INC Edmond · 2 employees | $7.3M | 1.0 mi |
| CRAIG ELDER OIL AND GAS, L.L.C. Edmond · 3 employees | $11.7M | 1.2 mi |
| GLENN E. MYERS, INC. Edmond | $11.0M | 1.6 mi |
| OKLAHOMA OIL & GAS MANAGEMENT, INC. Edmond · 5 employees | $14.8M | 1.6 mi |
| GULFPORT ENERGY CORPORATION Oklahoma City | $1.42B | 1.7 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) | $31.5M |
| Estimate: the two combined (geometric mean) | $40.0M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $9.1M |
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 | $50.0M |
| Multiple for this size and industry | 5.5× |
| Value range | $26.3M – $68.4M |
| Revenue range | $26.3M – $45.6M |
| EBITDA range | $6.0M – $10.4M |
| 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
- BankingProsperity 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 Roles are as stated there and may be out of date.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
| Prosperity Bank PPP 2020, PPP 2021 | All 748 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/16/2020 | first | $165K | 10 |
| 1/27/2021 | second | $165K | 10 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Glacier Petroleum Co. Okla, Inc.
Glacier Petroleum Co. Okla, Inc. is a crude petroleum extraction company in Edmond, Oklahoma, in business since 2000. Its estimated annual revenue is about $40.0M, with roughly $9.1M of EBITDA. It has about 10 employees. Its estimated business value is $50.0M (likely range $26.3M–$68.4M).
Common questions
- Who owns Glacier Petroleum Co. Okla, Inc.?
- The owner of Glacier Petroleum Co. Okla, 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 Glacier Petroleum Co. Okla, Inc. make?
- SeeBITDA estimates Glacier Petroleum Co. Okla, Inc.'s annual revenue at about $40.0M (likely between $26.3M and $45.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Glacier Petroleum Co. Okla, Inc. worth?
- About $50.0M, roughly 5.5× its estimated EBITDA of $9.1M, typical for a crude petroleum extraction company its size. Likely range: $26.3M–$68.4M.
- How many employees does Glacier Petroleum Co. Okla, Inc. have?
- About 10, as reported on its PPP loan.
- When was Glacier Petroleum Co. Okla, Inc. founded?
- Glacier Petroleum Co. Okla, Inc. has been in business since 2000.