Hooten Oil Company, Inc.
How we got $111.4M
Based on its 24 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 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
What they do
Hooten Oil is a family owned and operated oil company in Oklahoma since 1942 that provides lubricants, fuels and related products, with storage and delivery support for oil and grease needs.
From the company's website. Industry: Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals).
Customers & suppliers
Suppliers & brands
- Acura · brand it sells or installs
- Chain Recovery Oil · brand it sells or installs
- Citgo · brand it sells or installs
- Clarion · brand it sells or installs
- Honda · brand it sells or installs
- Kendall · brand it sells or installs
- Mystik · brand it sells or installs
- Petro Canada · brand it sells or installs
- Phillips 66 · brand it sells or installs
- Purus · brand it sells or installs
- Royal Purple · brand it sells or installs
- Service Pro · brand it sells or installs
- Shell · brand it sells or installs
- Valvoline · brand it sells or installs
- Ashburn Chemical · brand it sells or installs
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 |
|---|---|---|
| HOOTEN OIL COMPANY, INC. this business | $417.4M | — |
| GLENCO OIL & GAS CORPORATION Wewoka · 1 employees | $20.3M | 10.7 mi |
| PALUCA PETROLEUM, INC. Holdenville · 30 employees | $410.5M | 16.0 mi |
| STEWARD PROPANE LLC Shawnee · 6 employees | $39.9M | 25.4 mi |
| OKEMAH OIL CO INC Okemah · 3 employees | $29.2M | 27.0 mi |
| T&J MARKETING, INC. Davenport · 7 employees | $137.1M | 37.2 mi |
| OKLAHOMA CRUDE RECLAIMERS, LLC Choctaw · 1 employees | $11.9M | 39.4 mi |
The full calculation
| Employees reported to the SBA | 24 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $418.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $320.1M |
| Estimate: the two combined (geometric mean) | $417.4M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $15.7M |
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 | $111.4M |
| Multiple for this size and industry | 7.1× |
| Value range | $58.6M – $152.5M |
| Revenue range | $274.6M – $475.9M |
| EBITDA range | $10.3M – $17.9M |
| 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
History & advisors
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 |
|---|---|---|---|
| 4/14/2020 | first | $303K | 24 |
| 2/25/2021 | second | $317K | 24 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Hooten Oil Company, Inc.
Hooten Oil Company, Inc. is a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company in Seminole, Oklahoma, in business since 1998. It is owned by David Hooten. Its estimated annual revenue is about $417.4M, with roughly $15.7M of EBITDA. It has about 24 employees. Its estimated business value is $111.4M (likely range $58.6M–$152.5M).
Common questions
- Who owns Hooten Oil Company, Inc.?
- Hooten Oil Company, Inc. is owned by David Hooten, according to public sources such as the company's website or filings.
- How much revenue does Hooten Oil Company, Inc. make?
- SeeBITDA estimates Hooten Oil Company, Inc.'s annual revenue at about $417.4M (likely between $274.6M and $475.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hooten Oil Company, Inc. worth?
- About $111.4M, roughly 7.1× its estimated EBITDA of $15.7M, typical for a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company its size. Likely range: $58.6M–$152.5M.
- How many employees does Hooten Oil Company, Inc. have?
- About 24, as reported on its PPP loan.
- When was Hooten Oil Company, Inc. founded?
- Hooten Oil Company, Inc. has been in business since 1998.