Meade Oil and Gas LLC
How we got $121.8M
Based on its 18 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 31% 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
Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 18 | $86.7M |
| 2020 | Form 5500 | 17 | $81.9M |
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 |
|---|---|---|
| MEADE OIL AND GAS LLC this business | $95.8M | — |
| BLAIR ENERGY, LLC Oklahoma City · 1 employees | $4.4M | 0.2 mi |
| MICHAEL ELDER Oklahoma City · 1 employees | $4.5M | 0.2 mi |
| RED CLOUD VENTURES, L.L.C. Oklahoma City · 1 employees | $5.8M | 0.2 mi |
| COMANCHE RESOURCES COMPANY Oklahoma City · 49 employees | $211.4M | 0.2 mi |
| B&W OPERATING LLC Oklahoma City · 7 employees | $20.8M | 0.3 mi |
| TAILWATER, INC Nichols Hills · 6 employees | $27.8M | 0.3 mi |
The full calculation
| Employees reported to the SBA | 18 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $87.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $80.5M |
| Estimate: the two combined (geometric mean) | $95.8M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $19.0M |
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 | $121.8M |
| Multiple for this size and industry | 6.4× |
| Value range | $64.1M – $166.7M |
| Revenue range | $63.0M – $109.2M |
| EBITDA range | $12.5M – $21.7M |
| Industry (NAICS) | Natural Gas Extraction (211130) |
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
- BankingMidFirst 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
| MidFirst Bank PPP 2020, PPP 2021 | All 2,403 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 | $348K | 18 |
| 2/3/2021 | second | $344K | 18 |
About Meade Oil and Gas LLC
Meade Oil and Gas LLC is a natural gas extraction company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $95.8M, with roughly $19.0M of EBITDA. It has about 17 employees. Its estimated business value is $121.8M (likely range $64.1M–$166.7M).
Common questions
- Who owns Meade Oil and Gas LLC?
- The owner of Meade Oil and Gas 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 Meade Oil and Gas LLC make?
- SeeBITDA estimates Meade Oil and Gas LLC's annual revenue at about $95.8M (likely between $63.0M and $109.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Meade Oil and Gas LLC worth?
- About $121.8M, roughly 6.4× its estimated EBITDA of $19.0M, typical for a natural gas extraction company its size. Likely range: $64.1M–$166.7M.
- How many employees does Meade Oil and Gas LLC have?
- About 17, from its 2020 retirement-plan filing.