Glenco Oil & Gas Corporation
How we got $3.1M
Based on its 1 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 23% 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 |
|---|---|---|
| GLENCO OIL & GAS CORPORATION this business | $20.3M | — |
| PALUCA PETROLEUM, INC. Holdenville · 30 employees | $410.5M | 6.2 mi |
| HOOTEN OIL COMPANY, INC. Seminole · 24 employees | $417.3M | 10.7 mi |
| OKEMAH OIL CO INC Okemah · 3 employees | $29.2M | 21.9 mi |
| STEWARD PROPANE LLC Shawnee · 6 employees | $39.9M | 35.7 mi |
| T&J MARKETING, INC. Davenport · 7 employees | $137.0M | 42.5 mi |
| RAMBIN PETROLEUM INC Okmulgee · 11 employees | $162.8M | 45.9 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $17.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $18.1M |
| Estimate: the two combined (geometric mean) | $20.3M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $850K |
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 | $3.1M |
| Multiple for this size and industry | 3.6× |
| Value range | $1.6M – $4.2M |
| Revenue range | $13.3M – $23.1M |
| EBITDA range | $559K – $969K |
| Industry (NAICS) | Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) (424720) |
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
- BankingSecurity State 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 Roles are as stated there and may be out of date.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
| Security State Bank of Oklahoma PPP 2020 | All 154 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/5/2020 | first | $21K | 1 |
About Glenco Oil & Gas Corporation
Glenco Oil & Gas Corporation is a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company in Wewoka, Oklahoma. Its estimated annual revenue is about $20.3M, with roughly $850K of EBITDA. It has about 1 employees. Its estimated business value is $3.1M (likely range $1.6M–$4.2M).
Common questions
- Who owns Glenco Oil & Gas Corporation?
- The owner of Glenco Oil & Gas 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 Glenco Oil & Gas Corporation make?
- SeeBITDA estimates Glenco Oil & Gas Corporation's annual revenue at about $20.3M (likely between $13.3M and $23.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Glenco Oil & Gas Corporation worth?
- About $3.1M, roughly 3.6× its estimated EBITDA of $850K, typical for a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company its size. Likely range: $1.6M–$4.2M.
- How many employees does Glenco Oil & Gas Corporation have?
- About 1, as reported on its PPP loan.