Golden Gas Service Company
How we got $2.0M
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
▲ 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.
Employees over time
▲ 67% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 3 | $989K |
| 2021 | Form 5500 | 4 | $1.3M |
| 2022 | Form 5500 | 2 | $659K |
| 2023 | Form 5500 | 4 | $1.3M |
| 2024 | Form 5500 | 5 | $1.6M |
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 |
|---|---|---|
| GOLDEN GAS SERVICE COMPANY this business | $2.2M | — |
| Huntington Resources, Inc. Tulsa | $1.5M | 0.0 mi |
| MID-CONTINENT ENERGY OPERATING COMPANY Tulsa · 2 employees | $1.1M | 0.1 mi |
| Brigadier Oil & Gas Tulsa | $1.5M | 0.1 mi |
| Full Curl Resources Tulsa | $1.5M | 0.3 mi |
| Kimbrel Oil Corporation Tulsa | $1.5M | 0.3 mi |
| PEKO INVESTMENTS, LLC Tulsa · 1 employees | $551K | 0.5 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.5M |
| Estimate: the two combined (geometric mean) | $2.2M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $656K |
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 | $2.0M |
| Multiple for this size and industry | 3× |
| Value range | $1.0M – $2.7M |
| Revenue range | $1.4M – $2.5M |
| EBITDA range | $432K – $748K |
| Industry (NAICS) | Drilling Oil and Gas Wells (213111) |
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
- BankingFirst 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
| First Bank PPP 2020 | All 220 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $68K | 3 |
About Golden Gas Service Company
Golden Gas Service Company is an oil & gas company in Tulsa, Oklahoma. Its estimated annual revenue is about $2.2M, with roughly $656K of EBITDA. It has about 5 employees. Its estimated business value is $2.0M (likely range $1.0M–$2.7M).
Common questions
- Who owns Golden Gas Service Company?
- The owner of Golden Gas Service Company 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 Golden Gas Service Company make?
- SeeBITDA estimates Golden Gas Service Company's annual revenue at about $2.2M (likely between $1.4M and $2.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Golden Gas Service Company worth?
- About $2.0M, roughly 3× its estimated EBITDA of $656K, typical for a oil & gas company its size. Likely range: $1.0M–$2.7M.
- How many employees does Golden Gas Service Company have?
- About 5, from its 2024 retirement-plan filing.