Hulen Operating Company
How we got $632K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 9% 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 |
|---|---|---|
| HULEN OPERATING COMPANY this business | $669K | — |
| Reserve Petroleum Co Oklahoma City | $16.7M | 0.1 mi |
| ARNOLD OIL PROPERTIES LLC Oklahoma City · 8 employees | $5.0M | 0.1 mi |
| Dorchester Energy Management Oklahoma City | $1.5M | 0.2 mi |
| SEA MOUNT EXPLORATION Oklahoma City · 2 employees | $654K | 0.2 mi |
| TRES MANAGEMENT INC Oklahoma City · 17 employees | $5.5M | 0.2 mi |
| Digital Land Consultants Inc. Oklahoma City | $1.5M | 0.3 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $941K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $366K |
| Estimate: the two combined (geometric mean) | $669K |
| EBITDA margin (industry, adjusted for size) | 39% |
| EBITDA = revenue × margin | $263K |
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 | $632K |
| Multiple for this size and industry | 2.4× |
| Value range | $333K – $865K |
| Revenue range | $440K – $762K |
| EBITDA range | $173K – $300K |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingInternational Bank of CommercePPP / 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 Roles are as stated there and may be out of date.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
| International Bank of Commerce PPP 2020 | All 442 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $9K | 2 |
About Hulen Operating Company
Hulen Operating Company is an oil & gas company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $669K, with roughly $263K of EBITDA. It has about 2 employees. Its estimated business value is $632K (likely range $333K–$865K).
Common questions
- Who owns Hulen Operating Company?
- The owner of Hulen Operating 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 Hulen Operating Company make?
- SeeBITDA estimates Hulen Operating Company's annual revenue at about $669K (likely between $440K and $762K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Hulen Operating Company worth?
- About $632K, roughly 2.4× its estimated EBITDA of $263K, typical for a oil & gas company its size. Likely range: $333K–$865K.
- How many employees does Hulen Operating Company have?
- About 2, as reported on its PPP loan.