Locust Energy Inc.
How we got $272K
Based on its 1 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 |
|---|---|---|
| LOCUST ENERGY INC. this business | $345K | — |
| AMERICAN PETROLEUM AND ENVIRONMENTAL CONSULTANTS INC. Edmond · 2 employees | $780K | 0.6 mi |
| J. G. THOMPSON LLC Edmond · 1 employees | $406K | 0.8 mi |
| GAMMA ENERGY CONSULTING LLC Edmond · 3 employees | $1.5M | 0.8 mi |
| ONE FEATHER LAND COMPANY, LLC Edmond · 1 employees | $427K | 0.9 mi |
| IKELER ENTERPRISES INC Edmond · 1 employees | $345K | 0.9 mi |
| JTBYRD LLC Edmond · 1 employees | $690K | 0.9 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $470K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $195K |
| Estimate: the two combined (geometric mean) | $345K |
| EBITDA margin (industry, adjusted for size) | 39% |
| EBITDA = revenue × margin | $136K |
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 | $272K |
| Multiple for this size and industry | 2× |
| Value range | $143K – $372K |
| Revenue range | $227K – $394K |
| EBITDA range | $89K – $155K |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
- BankingBancFirstPPP / 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 Roles are as stated there and may be out of date.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
| BancFirst PPP 2020, PPP 2021 | All 7,048 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 | $5K | 1 |
| 1/23/2021 | second | $5K | 1 |
About Locust Energy Inc.
Locust Energy Inc. is an oil & gas company in Edmond, Oklahoma. Its estimated annual revenue is about $345K, with roughly $136K of EBITDA. It has about 1 employees. Its estimated business value is $272K (likely range $143K–$372K).
Common questions
- Who owns Locust Energy Inc.?
- The owner of Locust Energy 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 Locust Energy Inc. make?
- SeeBITDA estimates Locust Energy Inc.'s annual revenue at about $345K (likely between $227K and $394K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Locust Energy Inc. worth?
- About $272K, roughly 2× its estimated EBITDA of $136K, typical for a oil & gas company its size. Likely range: $143K–$372K.
- How many employees does Locust Energy Inc. have?
- About 1, as reported on its PPP loan.