Lema Petroleum Inc
How we got $1.7M
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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 |
|---|---|---|
| LEMA PETROLEUM INC this business | $1.9M | — |
| D.J.F. SERVICES, INC. Holdenville · 11 employees | $3.5M | 0.5 mi |
| SWADLEY OILFIELD SUPPLY INC Holdenville · 7 employees | $2.9M | 1.2 mi |
| C & C TANK TRUCK SERVICE INC Holdenville · 5 employees | $1.6M | 3.0 mi |
| SWADLEY OIL FIELD SUPPLY, INC Holdenville · 7 employees | $2.9M | 3.4 mi |
| C&C TANK TRUCK SERVICES, INC. Holdenville · 6 employees | $2.2M | 3.5 mi |
| JEREMY D HUNTER Holdenville · 1 employees | $685K | 5.2 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.4M |
| Estimate: the two combined (geometric mean) | $1.9M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $571K |
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 | $1.7M |
| Multiple for this size and industry | 3× |
| Value range | $902K – $2.3M |
| Revenue range | $1.2M – $2.1M |
| EBITDA range | $376K – $652K |
| Industry (NAICS) | Drilling Oil and Gas Wells (213111) |
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
- BankingSecurity State Bank of OklahomaPPP / 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 Roles are as stated there and may be out of date.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
| Security State Bank of Oklahoma PPP 2020, PPP 2021 | All 154 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $38K | 4 |
| 1/20/2021 | second | $38K | 2 |
About Lema Petroleum Inc
Lema Petroleum Inc is an oil & gas company in Holdenville, Oklahoma. Its estimated annual revenue is about $1.9M, with roughly $571K of EBITDA. It has about 4 employees. Its estimated business value is $1.7M (likely range $902K–$2.3M).
Common questions
- Who owns Lema Petroleum Inc?
- The owner of Lema Petroleum 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 Lema Petroleum Inc make?
- SeeBITDA estimates Lema Petroleum Inc's annual revenue at about $1.9M (likely between $1.2M and $2.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Lema Petroleum Inc worth?
- About $1.7M, roughly 3× its estimated EBITDA of $571K, typical for a oil & gas company its size. Likely range: $902K–$2.3M.
- How many employees does Lema Petroleum Inc have?
- About 4, as reported on its PPP loan.