Kirkpatrick Oil Company, Inc.
How we got $141.9M
Based on its 31 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale High sell likelihood
- In business 76 years (since 1950)
- Founder still runs it after 76 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Kirkpatrick Oil Company is an exploration and production energy company with a history of more than 100 years, shaped by successful drilling and acquisitions.
From the company's website. Industry: Natural Gas Extraction.
Estimated value over time
▲ 31% 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
▲ 403% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 31 | $149.4M |
| 2020 | Form 5500 | 133 | $641.0M |
| 2021 | Form 5500 | 131 | $631.3M |
| 2022 | Form 5500 | 131 | $631.3M |
| 2023 | Form 5500 | 130 | $626.5M |
| 2024 | Form 5500 | 151 | $727.7M |
| 2025 | Form 5500 | 156 | $751.8M |
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 |
|---|---|---|
| KIRKPATRICK OIL COMPANY, INC. this business | $111.5M | — |
| SEQUOYAH ENERGY HOLDINGS, LLC Oklahoma City · 3 employees | $9.0M | 0.1 mi |
| PE KONAWA LLC Oklahoma City · 6 employees | $11.4M | 0.1 mi |
| BIGHEART HOLDINGS, INC. Oklahoma City · 6 employees | $15.0M | 0.1 mi |
| TEOCALLI EXPORATION, LLC Oklahoma City · 9 employees | $24.5M | 0.1 mi |
| ROCK ISLAND EXPLORATION, LLC Oklahoma City · 3 employees | $6.1M | 0.5 mi |
| ARAPAHOE RESOURCES LLC Oklahoma City · 6 employees | $15.4M | 0.6 mi |
The full calculation
| Employees reported to the SBA | 31 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $121.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $102.2M |
| Estimate: the two combined (geometric mean) | $111.5M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $22.2M |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has grown 6% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $141.9M |
| Multiple for this size and industry | 6.4× |
| Value range | $85.2M – $221.4M |
| Revenue range | $83.7M – $145.0M |
| EBITDA range | $16.6M – $28.8M |
| Industry (NAICS) | Natural Gas Extraction (211130) |
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
“Specifically, Kirkpatrick Oil Company was established in 1950 by John Kirkpatrick, son-in-law to M. B. Blake.”
Leadership
- CKChristian KeeseeChairman · Company website · source
- MMMelinda MeridethPresident & Chief Financial Officer · Company website · source
- ACAlison CadenaVice President – Land & Business Development · Company website · source
- TMTyson MosleyReservoir Engineer · Company website · source
- RMRoman MauerProduction Engineering Supervisor · Company website · source
Advisors
- AccountingFinley & Cook, PLLCAudits its 401(k) plan (2025 filing)
- 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 |
|---|---|---|---|
| 4/11/2020 | first | $549K | 31 |
| 1/25/2021 | second | $549K | 31 |
2 locations
| 1001 W. Wilshire Blvd. #202 | Oklahoma City | This listing |
| 106 S Main St | Hennessey | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Kirkpatrick Oil Company, Inc.
Kirkpatrick Oil Company, Inc. is a family-owned natural gas extraction company in Oklahoma City, Oklahoma, in business since 1950. It is owned by John Kirkpatrick (Founder). Its estimated annual revenue is about $111.5M, with roughly $22.2M of EBITDA. It has about 156 employees. Its estimated business value is $141.9M (likely range $85.2M–$221.4M). It has 2 locations.
Common questions
- Who owns Kirkpatrick Oil Company, Inc.?
- Kirkpatrick Oil Company, Inc. is owned by John Kirkpatrick (Founder), according to public sources such as the company's website or filings.
- How much revenue does Kirkpatrick Oil Company, Inc. make?
- SeeBITDA estimates Kirkpatrick Oil Company, Inc.'s annual revenue at about $111.5M (likely between $83.7M and $145.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Kirkpatrick Oil Company, Inc. worth?
- About $141.9M, roughly 6.4× its estimated EBITDA of $22.2M, typical for a natural gas extraction company its size. Likely range: $85.2M–$221.4M.
- How many employees does Kirkpatrick Oil Company, Inc. have?
- About 156, from its 2025 retirement-plan filing.
- When was Kirkpatrick Oil Company, Inc. founded?
- Kirkpatrick Oil Company, Inc. has been in business since 1950.
- Is Kirkpatrick Oil Company, Inc. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 76 years (since 1950); founder still runs it after 76 years; no family successor named on its website.