Mid-Continent Energy Operating Company
How we got $917K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 5% 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 |
|---|---|---|
| MID-CONTINENT ENERGY OPERATING COMPANY this business | $1.1M | — |
| Huntington Resources, Inc. Tulsa | $1.5M | 0.0 mi |
| GOLDEN GAS SERVICE COMPANY Tulsa · 3 employees | $2.2M | 0.1 mi |
| Brigadier Oil & Gas Tulsa | $1.5M | 0.2 mi |
| Full Curl Resources Tulsa | $1.5M | 0.2 mi |
| Kimbrel Oil Corporation Tulsa | $1.5M | 0.2 mi |
| PEKO INVESTMENTS, LLC Tulsa · 1 employees | $551K | 0.5 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $941K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.1M |
| Estimate: the two combined (geometric mean) | $1.1M |
| EBITDA margin (industry, adjusted for size) | 34% |
| EBITDA = revenue × margin | $382K |
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 | $917K |
| Multiple for this size and industry | 2.4× |
| Value range | $482K – $1.3M |
| Revenue range | $748K – $1.3M |
| EBITDA range | $251K – $436K |
| Industry (NAICS) | Drilling Oil and Gas Wells (213111) |
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 Roles are as stated there and may be out of date.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 | 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 |
|---|---|---|---|
| 4/13/2020 | first | $28K | 2 |
About Mid-Continent Energy Operating Company
Mid-Continent Energy Operating Company is an oil & gas company in Tulsa, Oklahoma. Its estimated annual revenue is about $1.1M, with roughly $382K of EBITDA. It has about 2 employees. Its estimated business value is $917K (likely range $482K–$1.3M).
Common questions
- Who owns Mid-Continent Energy Operating Company?
- The owner of Mid-Continent Energy Operating 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 Mid-Continent Energy Operating Company make?
- SeeBITDA estimates Mid-Continent Energy Operating Company's annual revenue at about $1.1M (likely between $748K and $1.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mid-Continent Energy Operating Company worth?
- About $917K, roughly 2.4× its estimated EBITDA of $382K, typical for a oil & gas company its size. Likely range: $482K–$1.3M.
- How many employees does Mid-Continent Energy Operating Company have?
- About 2, as reported on its PPP loan.