Grand Resources, Inc.
How we got $11.9M
Based on its 2 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 45 years (since 1981)
- Family in the business (Richard Robinowitz, Vice President)
From public records and the company's website, not a statement that it's for sale.
What they do
Grand Resources Group acquires operated oil and gas assets in the United States, focusing on conventional oil and gas assets in the continental United States. It also partners with state or federal receivers to manage neglected oil and gas assets.
From the company's website. Industry: Crude Petroleum Extraction.
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 |
|---|---|---|
| GRAND RESOURCES, INC. this business | $10.4M | — |
| GRAND EMPLOYEES, LLC Tulsa · 17 employees | $57.8M | 0.2 mi |
| MJR #1, LLC Tulsa · 1 employees | $4.5M | 0.2 mi |
| GOLDEN WEST HOLDINGS LLC Tulsa · 1 employees | $3.4M | 1.1 mi |
| INLAND OPERATING COMPANY Tulsa · 2 employees | $9.3M | 1.1 mi |
| KIRCHNER INVESTMENTS, LLC Tulsa · 2 employees | $9.0M | 1.2 mi |
| CHAPMAN FOUNDATIONS MANAGEMENT, LLC Tulsa | $14.7M | 1.4 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $10.6M |
| Estimate: the two combined (geometric mean) | $10.4M |
| 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 | $11.9M |
| Multiple for this size and industry | 4.7× |
| Value range | $6.3M – $16.3M |
| Revenue range | $6.8M – $11.8M |
| 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
People & advisors
“In 1981, I founded Grand Resources and grew the company through drilling into the late 1980s.”
Leadership
- RRRichard RobinowitzVice President · Company website · source
- MRMarvin RobinowitzFounding Chairman · Company website · source
- MEMandy EarleyHuman Resources · Company website · source
- VSVicki ShipleyProduction · Company website · source
- CHCrystal HanbyAccounting · Company website · source
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020, PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $56K | 2 |
| 2/26/2021 | second | $56K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Grand Resources, Inc.
Grand Resources, Inc. is a crude petroleum extraction company in Tulsa, Oklahoma, in business since 1981. It is owned by Scott Robinowitz (President). Its estimated annual revenue is about $10.4M, with roughly $2.5M of EBITDA. It has about 2 employees. Its estimated business value is $11.9M (likely range $6.3M–$16.3M).
Common questions
- Who owns Grand Resources, Inc.?
- Grand Resources, Inc. is owned by Scott Robinowitz (President), according to public sources such as the company's website or filings.
- How much revenue does Grand Resources, Inc. make?
- SeeBITDA estimates Grand Resources, Inc.'s annual revenue at about $10.4M (likely between $6.8M and $11.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Grand Resources, Inc. worth?
- About $11.9M, roughly 4.7× its estimated EBITDA of $2.5M, typical for a crude petroleum extraction company its size. Likely range: $6.3M–$16.3M.
- How many employees does Grand Resources, Inc. have?
- About 2, as reported on its PPP loan.
- When was Grand Resources, Inc. founded?
- Grand Resources, Inc. has been in business since 1981.