Marjo Operating Mid-Continent LLC
How we got $51.5M
Based on its 10 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 29% 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.
Employees over time
▲ 10% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 10 | $33.2M |
| 2020 | Form 5500 | 7 | $23.2M |
| 2021 | Form 5500 | 8 | $26.5M |
| 2022 | Form 5500 | 9 | $29.8M |
| 2023 | Form 5500 | 10 | $33.2M |
| 2024 | Form 5500 | 12 | $39.8M |
| 2025 | Form 5500 | 11 | $36.5M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MARJO OPERATING MID-CONTINENT LLC this business | $41.2M | — |
| GEMINI OIL COMPANY INC Tulsa · 5 employees | $16.1M | 0.0 mi |
| ORCA RESOURCES, LLC Tulsa · 4 employees | $13.4M | 0.0 mi |
| SHANE SAUNDERS Tulsa · 1 employees | $4.6M | 0.0 mi |
| TRIDENT ENERGY, INC. Tulsa · 1 employees | $4.6M | 0.0 mi |
| CASILLAS PETROLEUM CORP. Tulsa · 35 employees | $152.3M | 0.0 mi |
| LAWSON PETROLEUM COMPANY Tulsa · 2 employees | $8.8M | 0.0 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $39.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $33.4M |
| Estimate: the two combined (geometric mean) | $41.2M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $9.4M |
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 | $51.5M |
| Multiple for this size and industry | 5.5× |
| Value range | $27.1M – $70.5M |
| Revenue range | $27.1M – $47.0M |
| EBITDA range | $6.2M – $10.7M |
| Industry (NAICS) | Crude Petroleum Extraction (211120) |
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, PPP 2021 | 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 |
|---|---|---|---|
| 4/11/2020 | first | $176K | 10 |
| 2/2/2021 | second | $150K | 7 |
About Marjo Operating Mid-Continent LLC
Marjo Operating Mid-Continent LLC is a crude petroleum extraction company in Tulsa, Oklahoma. Its estimated annual revenue is about $41.2M, with roughly $9.4M of EBITDA. It has about 11 employees. Its estimated business value is $51.5M (likely range $27.1M–$70.5M).
Common questions
- Who owns Marjo Operating Mid-Continent LLC?
- The owner of Marjo Operating Mid-Continent 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 Marjo Operating Mid-Continent LLC make?
- SeeBITDA estimates Marjo Operating Mid-Continent LLC's annual revenue at about $41.2M (likely between $27.1M and $47.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Marjo Operating Mid-Continent LLC worth?
- About $51.5M, roughly 5.5× its estimated EBITDA of $9.4M, typical for a crude petroleum extraction company its size. Likely range: $27.1M–$70.5M.
- How many employees does Marjo Operating Mid-Continent LLC have?
- About 11, from its 2025 retirement-plan filing.