Kolding Oil & Gas, LLC
How we got $22.3M
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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.
Employees over time
▲ 20% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 5 | $16.6M |
| 2020 | Form 5500 | 5 | $16.6M |
| 2021 | Form 5500 | 6 | $19.9M |
| 2022 | Form 5500 | 6 | $19.9M |
| 2023 | Form 5500 | 6 | $19.9M |
| 2024 | Form 5500 | 6 | $19.9M |
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 |
|---|---|---|
| KOLDING OIL & GAS, LLC this business | $20.9M | — |
| CFMI, LLC Tulsa · 11 employees | $45.1M | 0.7 mi |
| ARMOR ENERGY, LLC Tulsa · 14 employees | $81.8M | 0.8 mi |
| WILLIFORD ENERGY COMPANY Tulsa · 11 employees | $39.7M | 3.2 mi |
| CULBREATH OIL & GAS CO INC Tulsa · 7 employees | $32.0M | 3.3 mi |
| TALLGRASS RESOURCES LLC Tulsa | $142.9M | 3.6 mi |
| ZENERGY, INC Tulsa · 18 employees | $73.2M | 3.7 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $19.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $17.1M |
| Estimate: the two combined (geometric mean) | $20.9M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $4.7M |
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 | $22.3M |
| Multiple for this size and industry | 4.7× |
| Value range | $11.7M – $30.5M |
| Revenue range | $13.7M – $23.8M |
| EBITDA range | $3.1M – $5.4M |
| 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. 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
- BankingMidFirst Bank, Grand 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
| Grand Bank PPP 2021 | All 407 borrowers → |
| MidFirst Bank PPP 2020 | 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 |
|---|---|---|---|
| 4/14/2020 | first | $90K | 5 |
| 1/19/2021 | second | $90K | 5 |
About Kolding Oil & Gas, LLC
Kolding Oil & Gas, LLC is a crude petroleum extraction company in Tulsa, Oklahoma. Its estimated annual revenue is about $20.9M, with roughly $4.7M of EBITDA. It has about 6 employees. Its estimated business value is $22.3M (likely range $11.7M–$30.5M).
Common questions
- Who owns Kolding Oil & Gas, LLC?
- The owner of Kolding Oil & Gas, LLC 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 Kolding Oil & Gas, LLC make?
- SeeBITDA estimates Kolding Oil & Gas, LLC's annual revenue at about $20.9M (likely between $13.7M and $23.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Kolding Oil & Gas, LLC worth?
- About $22.3M, roughly 4.7× its estimated EBITDA of $4.7M, typical for a crude petroleum extraction company its size. Likely range: $11.7M–$30.5M.
- How many employees does Kolding Oil & Gas, LLC have?
- About 6, from its 2024 retirement-plan filing.