Makefield Oil Company
How we got $11.4M
Based on 2 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
Estimated value over time
▲ 30% 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 |
|---|---|---|
| MAKEFIELD OIL COMPANY this business | $10.0M | — |
| TOKLAN OIL AND GAS CORPORATION Tulsa · 11 employees | $53.3M | 0.6 mi |
| THOMAS EXPLORATION COMPANY Tulsa · 2 employees | $9.3M | 0.8 mi |
| Elkhorn Gas Processing Tulsa | $1.3M | 0.9 mi |
| TIDEWATER PETROLEUM CORPORATION Tulsa · 3 employees | $9.3M | 0.9 mi |
| ELKHORN ENERGY, LLC Tulsa · 10 employees | $54.6M | 0.9 mi |
| MARSTAR HOLDINGS LLC Tulsa · 1 employees | $4.5M | 1.0 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Industry revenue per employee | $3.9M |
| Revenue = employees × revenue per employee | $10.0M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.4M |
| Cross-check: revenue implied by PPP payroll | $2.1M |
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 | $11.4M |
| Multiple for this size and industry | 4.7× |
| Value range | $5.4M – $16.2M |
| Revenue range | $5.9M – $11.8M |
| EBITDA range | $1.4M – $2.9M |
| Industry (NAICS) | Oil and Gas Extraction (211111) |
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
- BankingWeStreet Federal Credit UnionPPP / 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 Roles are as stated there and may be out of date.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
| WeStreet Federal Credit Union PPP 2020 | All 31 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $10K | 2 |
About Makefield Oil Company
Makefield Oil Company is an oil and gas extraction company in Tulsa, Oklahoma. Its estimated annual revenue is about $10.0M, with roughly $2.4M of EBITDA. It has about 2 employees. Its estimated business value is $11.4M (likely range $5.4M–$16.2M).
Common questions
- Who owns Makefield Oil Company?
- The owner of Makefield Oil Company 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 Makefield Oil Company make?
- SeeBITDA estimates Makefield Oil Company's annual revenue at about $10.0M (likely between $5.9M and $11.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Makefield Oil Company worth?
- About $11.4M, roughly 4.7× its estimated EBITDA of $2.4M, typical for a oil and gas extraction company its size. Likely range: $5.4M–$16.2M.
- How many employees does Makefield Oil Company have?
- About 2, as reported on its PPP loan.