Jma Energy Company, LLC
How we got $222.7M
Based on 52 employees on its 2025 401(k) filing.
What we know
Signs of a sale Likely to sell
- In business 40 years (since 1986)
- Founder still runs it after 40 years
- Family in the business (Chad McDougall, Vice President)
From public records and the company's website, not a statement that it's for sale.
What they do
JMA Energy Company, LLC is a privately-held oil and gas exploration and production company headquartered in Oklahoma City, Oklahoma, with operations primarily in Oklahoma and the Mid-Continent. It handles prospect development, drilling and marketing of production internally.
From the company's website. Industry: Crude Petroleum Extraction.
Estimated value over time
▲ 131% 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
▲ 86% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 28 | $92.9M |
| 2020 | Form 5500 | 39 | $129.3M |
| 2021 | Form 5500 | 46 | $152.5M |
| 2022 | Form 5500 | 53 | $175.8M |
| 2023 | Form 5500 | 50 | $165.8M |
| 2024 | Form 5500 | 57 | $189.0M |
| 2025 | Form 5500 | 52 | $172.4M |
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 |
|---|---|---|
| JMA ENERGY COMPANY, LLC this business | $155.6M | — |
| B.R. POLK, INC. Oklahoma City · 7 employees | $19.9M | 0.1 mi |
| RED MOUNTAIN ENERGY, LLC Oklahoma City · 13 employees | $47.8M | 0.2 mi |
| BOONE OPERATING, INC. Oklahoma City · 4 employees | $12.4M | 0.3 mi |
| TROY ENERGY E&P LLC Oklahoma City · 11 employees | $29.9M | 0.5 mi |
| MEADE OIL AND GAS LLC Oklahoma City · 18 employees | $67.7M | 0.5 mi |
| TAILWATER, INC Nichols Hills · 6 employees | $18.6M | 0.5 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $222.7M |
| Multiple for this size and industry | 7.2× |
| Value range | $142.5M – $400.8M |
| Employees in its retirement plan (2025 Form 5500) | 52 |
| Industry revenue per employee | $3.3M |
| Revenue = employees × revenue per employee | $155.6M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $30.9M |
| For comparison: employees reported for PPP (2020) | 28 |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $124.5M – $233.4M |
| EBITDA range | $24.7M – $46.4M |
| 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. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Since its founding in 1986 by Jeffrey McDougall, JMA has grown into one of the pre-eminent family-owned private oil and gas entities in Oklahoma.”
Leadership
- CMChad McDougallVice President · Company website · source
Advisors
- BankingMidFirst 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
| MidFirst Bank PPP 2020, PPP 2021 | All 2,403 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 | $938K | 28 |
| 1/28/2021 | second | $901K | 28 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Jma Energy Company, LLC
Jma Energy Company, LLC is a family-owned crude petroleum extraction company in Oklahoma City, Oklahoma, in business since 1986. It is owned by Jeffrey J. McDougall (President and owner). Its estimated annual revenue is about $155.6M, with roughly $30.9M of EBITDA. It has about 52 employees. Its estimated business value is $222.7M (likely range $142.5M–$400.8M).
Common questions
- Who owns Jma Energy Company, LLC?
- Jma Energy Company, LLC is owned by Jeffrey J. McDougall (President and owner), according to public sources such as the company's website or filings.
- How much revenue does Jma Energy Company, LLC make?
- SeeBITDA estimates Jma Energy Company, LLC's annual revenue at about $155.6M (likely between $124.5M and $233.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Jma Energy Company, LLC worth?
- About $222.7M, roughly 7.2× its estimated EBITDA of $30.9M, typical for a crude petroleum extraction company its size. Likely range: $142.5M–$400.8M.
- How many employees does Jma Energy Company, LLC have?
- About 52, from its 2025 retirement-plan filing.
- When was Jma Energy Company, LLC founded?
- Jma Energy Company, LLC has been in business since 1986.
- Is Jma Energy Company, LLC for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 40 years (since 1986); founder still runs it after 40 years; family in the business (chad mcdougall, vice president).