Latigo Oil & Gas, Inc.
How we got $9.6M
Based on its 17 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 9% 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 |
|---|---|---|
| LATIGO OIL & GAS, INC. this business | $8.9M | — |
| MID-CON EXPLORATION, LLC Woodward · 3 employees | $1.4M | 0.0 mi |
| APOLLO OILFIELD SUPPLY LLC Woodward · 1 employees | $505K | 0.6 mi |
| OILFIELD PUMP SPECIALISTS & SUPPLY, INC. Woodward · 7 employees | $3.5M | 0.6 mi |
| J&R SERVICE COMPANY, INC. Woodward · 1 employees | $713K | 0.6 mi |
| R&R WELL SERVICE, INC Woodward · 1 employees | $668K | 0.7 mi |
| HIGH PLAINS LOGISTICS LLC Woodward · 1 employees | $557K | 0.7 mi |
The full calculation
| Employees reported to the SBA | 17 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $10.3M |
| Estimate: the two combined (geometric mean) | $8.9M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.2M |
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 | $9.6M |
| Multiple for this size and industry | 4.4× |
| Value range | $5.0M – $13.1M |
| Revenue range | $5.9M – $10.2M |
| EBITDA range | $1.4M – $2.5M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
Advisors
- BankingBOKF, National AssociationPPP / 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 Roles are as stated there and may be out of date.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
| BOKF, National Association PPP 2020 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/12/2020 | first | $314K | 17 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Latigo Oil & Gas, Inc.
Latigo Oil & Gas, Inc. is an oil & gas company in Woodward, Oklahoma. It is owned by Joel Stocking (Contact). Its estimated annual revenue is about $8.9M, with roughly $2.2M of EBITDA. It has about 17 employees. Its estimated business value is $9.6M (likely range $5.0M–$13.1M).
Common questions
- Who owns Latigo Oil & Gas, Inc.?
- Latigo Oil & Gas, Inc. is owned by Joel Stocking (Contact), according to public sources such as the company's website or filings.
- How much revenue does Latigo Oil & Gas, Inc. make?
- SeeBITDA estimates Latigo Oil & Gas, Inc.'s annual revenue at about $8.9M (likely between $5.9M and $10.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Latigo Oil & Gas, Inc. worth?
- About $9.6M, roughly 4.4× its estimated EBITDA of $2.2M, typical for a oil & gas company its size. Likely range: $5.0M–$13.1M.
- How many employees does Latigo Oil & Gas, Inc. have?
- About 17, as reported on its PPP loan.