Labo Oil Company, Inc
How we got $898K
Based on 2 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
Estimated value over time
▲ 5% 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 |
|---|---|---|
| LABO OIL COMPANY, INC this business | $1.1M | — |
| Berexco Drumright | $1.5M | 0.4 mi |
| W&K OIL FIELD REPAIR, LLC Drumright · 2 employees | $1.0M | 0.7 mi |
| BEAR ENERGY, LLC Drumright · 3 employees | $1.8M | 1.8 mi |
| RC DRILLING LLC Drumright · 12 employees | $4.3M | 1.8 mi |
| CROSSROADS PIPELINE SERVICES Drumright · 16 employees | $7.1M | 2.0 mi |
| DOUTHETT, LLC Drumright · 3 employees | $2.1M | 2.2 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Industry revenue per employee | $330K |
| Revenue = employees × revenue per employee | $1.1M |
| EBITDA margin (industry, adjusted for size) | 34% |
| EBITDA = revenue × margin | $374K |
| Cross-check: revenue implied by PPP payroll | $256K |
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 | $898K |
| Multiple for this size and industry | 2.4× |
| Value range | $425K – $1.3M |
| Revenue range | $659K – $1.3M |
| EBITDA range | $221K – $443K |
| Industry (NAICS) | Drilling Oil and Gas Wells (213111) |
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
History & advisors
Advisors
- BankingFirst National Bank & Trust Company of McAlesterPPP / 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 Roles are as stated there and may be out of date.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
| First National Bank & Trust Company of McAlester PPP 2020, PPP 2021 | All 248 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 | $7K | 2 |
| 1/22/2021 | second | $7K | 2 |
About Labo Oil Company, Inc
Labo Oil Company, Inc is an oil & gas company in Drumright, Oklahoma. Its estimated annual revenue is about $1.1M, with roughly $374K of EBITDA. It has about 2 employees. Its estimated business value is $898K (likely range $425K–$1.3M).
Common questions
- Who owns Labo Oil Company, Inc?
- The owner of Labo Oil Company, Inc 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 Labo Oil Company, Inc make?
- SeeBITDA estimates Labo Oil Company, Inc's annual revenue at about $1.1M (likely between $659K and $1.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Labo Oil Company, Inc worth?
- About $898K, roughly 2.4× its estimated EBITDA of $374K, typical for a oil & gas company its size. Likely range: $425K–$1.3M.
- How many employees does Labo Oil Company, Inc have?
- About 2, as reported on its PPP loan.