Glb Exploration, Inc.
How we got $29.0M
Based on its 5 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| GLB EXPLORATION, INC. this business | $23.2M | — |
| REDLAND RESOURCES, LLC Oklahoma City · 3 employees | $14.0M | 2.2 mi |
| SHEBESTER-BECHTEL, INC. Oklahoma City · 75 employees | $334.2M | 3.0 mi |
| REDTAIL INVESTMENTS LLC Oklahoma City · 3 employees | $8.0M | 3.0 mi |
| BETA OIL COMPANY Oklahoma City · 3 employees | $13.9M | 4.3 mi |
| LIB VENTURES COMPANY Oklahoma City · 3 employees | $10.3M | 4.3 mi |
| W.F. HAZELBAKER, INC. Yukon · 2 employees | $9.3M | 4.7 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $19.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $21.1M |
| Estimate: the two combined (geometric mean) | $23.2M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $5.3M |
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 | $29.0M |
| Multiple for this size and industry | 5.5× |
| Value range | $15.3M – $39.7M |
| Revenue range | $15.3M – $26.4M |
| EBITDA range | $3.5M – $6.0M |
| 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 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 Roles are as stated there and may be out of date.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 |
|---|---|---|---|
| 4/5/2020 | first | $111K | 5 |
| 1/25/2021 | second | $79K | 4 |
2 locations
| 7716 MELROSE LN | Oklahoma City | This listing |
| 15312 N May Ave | Edmond | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Glb Exploration, Inc.
Glb Exploration, Inc. is a crude petroleum extraction company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $23.2M, with roughly $5.3M of EBITDA. It has about 5 employees. Its estimated business value is $29.0M (likely range $15.3M–$39.7M). It has 2 locations.
Common questions
- Who owns Glb Exploration, Inc.?
- The owner of Glb Exploration, 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 Glb Exploration, Inc. make?
- SeeBITDA estimates Glb Exploration, Inc.'s annual revenue at about $23.2M (likely between $15.3M and $26.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Glb Exploration, Inc. worth?
- About $29.0M, roughly 5.5× its estimated EBITDA of $5.3M, typical for a crude petroleum extraction company its size. Likely range: $15.3M–$39.7M.
- How many employees does Glb Exploration, Inc. have?
- About 5, as reported on its PPP loan.