Lu-Ray Petroleum, LLC
How we got $2.6M
Based on its 7 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Lu-Ray Property Management offers rental property management, listing homes for rent in the Edmond area of Oklahoma City.
From the company's website. Industry: Oil and Gas Field Machinery and Equipment Manufacturing.
Estimated value over time
▼ 13% 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 |
|---|---|---|
| LU-RAY PETROLEUM, LLC this business | $4.8M | — |
| ABOVE ALL LAWNCARE Oklahoma City · 1 employees | $956K | 3.0 mi |
| ELLIS MFG CO INC Oklahoma City · 16 employees | $8.7M | 3.2 mi |
| EMKADE DISTRIBUTION (USA) INC. Oklahoma City · 3 employees | $3.5M | 3.2 mi |
| MIDCENTRAL ENERGY HOLDINGS LLC Oklahoma City · 153 employees | $134.5M | 4.5 mi |
| L & O PUMP & SUPPLY INC Edmond · 15 employees | $10.4M | 6.0 mi |
| ORTCO INCORPORATED Oklahoma City · 17 employees | $13.0M | 6.1 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.1M |
| Estimate: the two combined (geometric mean) | $4.8M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $672K |
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 | $2.6M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.4M – $3.6M |
| Revenue range | $3.2M – $5.5M |
| EBITDA range | $442K – $767K |
| Industry (NAICS) | Oil and Gas Field Machinery and Equipment Manufacturing (333132) |
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
- BankingFirst Fidelity 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
| First Fidelity Bank PPP 2020, PPP 2021 | All 940 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $83K | 7 |
| 1/23/2021 | second | $83K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Lu-Ray Petroleum, LLC
Lu-Ray Petroleum, LLC is an oil and gas field machinery and equipment manufacturing company in Oklahoma City, Oklahoma, in business since 2017. Its estimated annual revenue is about $4.8M, with roughly $672K of EBITDA. It has about 7 employees. Its estimated business value is $2.6M (likely range $1.4M–$3.6M).
Common questions
- Who owns Lu-Ray Petroleum, LLC?
- The owner of Lu-Ray Petroleum, LLC 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 Lu-Ray Petroleum, LLC make?
- SeeBITDA estimates Lu-Ray Petroleum, LLC's annual revenue at about $4.8M (likely between $3.2M and $5.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Lu-Ray Petroleum, LLC worth?
- About $2.6M, roughly 3.9× its estimated EBITDA of $672K, typical for a oil and gas field machinery and equipment manufacturing company its size. Likely range: $1.4M–$3.6M.
- How many employees does Lu-Ray Petroleum, LLC have?
- About 7, as reported on its PPP loan.
- When was Lu-Ray Petroleum, LLC founded?
- Lu-Ray Petroleum, LLC has been in business since 2017.