Krumme Oil Company, LLP
How we got $20.9M
Based on its 6 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 27 years (since 1999)
From public records and the company's website, not a statement that it's for sale.
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
▲ 0% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 6 | $19.9M |
| 2020 | Form 5500 | 6 | $19.9M |
| 2021 | Form 5500 | 6 | $19.9M |
| 2022 | Form 5500 | 6 | $19.9M |
| 2023 | 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 |
|---|---|---|
| KRUMME OIL COMPANY, LLP this business | $19.6M | — |
| SPARKS RESOURCES INC Bristow · 1 employees | $3.3M | 1.5 mi |
| SUPERIOR TOO SERVICES, INC Bristow · 5 employees | $23.2M | 2.8 mi |
| SUPERIOR TOOL SERVICES INC. Bristow · 2 employees | $5.4M | 3.8 mi |
| LUKE OIL COMPANY Bristow · 1 employees | $4.6M | 6.3 mi |
| CORNELIUS PETROLEUM, INC. Kellyville · 5 employees | $15.8M | 9.7 mi |
| HARTLINE OIL COMPANY Drumright · 2 employees | $9.3M | 12.8 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $23.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $12.5M |
| Estimate: the two combined (geometric mean) | $19.6M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $4.4M |
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 | $20.9M |
| Multiple for this size and industry | 4.7× |
| Value range | $11.0M – $28.6M |
| Revenue range | $12.9M – $22.3M |
| EBITDA range | $2.9M – $5.1M |
| 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
People & advisors
Leadership
- JKJohn KrummeSigned for the company · 2023 retirement-plan filing (Form 5500)
Advisors
- BankingFirstar 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
| Firstar Bank PPP 2020, PPP 2021 | All 380 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 | $66K | 6 |
| 1/22/2021 | second | $65K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Krumme Oil Company, LLP
Krumme Oil Company, LLP is a crude petroleum extraction company in Bristow, Oklahoma, in business since 1999. Its estimated annual revenue is about $19.6M, with roughly $4.4M of EBITDA. It has about 6 employees. Its estimated business value is $20.9M (likely range $11.0M–$28.6M).
Common questions
- Who owns Krumme Oil Company, LLP?
- The owner of Krumme Oil Company, LLP 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 Krumme Oil Company, LLP make?
- SeeBITDA estimates Krumme Oil Company, LLP's annual revenue at about $19.6M (likely between $12.9M and $22.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Krumme Oil Company, LLP worth?
- About $20.9M, roughly 4.7× its estimated EBITDA of $4.4M, typical for a crude petroleum extraction company its size. Likely range: $11.0M–$28.6M.
- How many employees does Krumme Oil Company, LLP have?
- About 6, from its 2023 retirement-plan filing.
- When was Krumme Oil Company, LLP founded?
- Krumme Oil Company, LLP has been in business since 1999.