New Dominion LLC
How we got $217.6M
Based on its 34 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 28 years (since 1998)
- No family successor named on its website
- Headcount down 21% since 2022 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
New Dominion, LLC is an independent exploration and production company that harvests natural gas and natural gas liquids from over 400 wells in Oklahoma. It also assists ranchers and local communities by providing access to its fresh water and electrical distribution systems.
From the company's website. Industry: Crude Petroleum Extraction.
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
▼ 21% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 34 | $112.7M |
| 2020 | Form 5500 | 27 | $89.5M |
| 2021 | Form 5500 | 30 | $99.5M |
| 2022 | Form 5500 | 34 | $112.7M |
| 2023 | Form 5500 | 28 | $92.9M |
| 2024 | Form 5500 | 27 | $89.5M |
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 |
|---|---|---|
| NEW DOMINION LLC this business | $152.1M | — |
| CEJA CORPORATION Tulsa · 40 employees | $166.2M | 0.1 mi |
| MUNTA, LLC Tulsa | $25.6M | 0.3 mi |
| EP ENTERPRISES, INC. Tulsa · 6 employees | $21.6M | 0.4 mi |
| SANGUINE GAS EXPLORATION, LLC Tulsa · 30 employees | $137.6M | 0.4 mi |
| BANNER OIL & GAS, LLC Tulsa · 18 employees | $72.4M | 0.4 mi |
| TOOMEY OIL CO., INC. Tulsa · 5 employees | $17.8M | 0.5 mi |
The full calculation
| Employees reported to the SBA | 34 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $133.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $133.6M |
| Estimate: the two combined (geometric mean) | $152.1M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $30.2M |
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 | $217.6M |
| Multiple for this size and industry | 7.2× |
| Value range | $114.5M – $297.8M |
| Revenue range | $100.0M – $173.4M |
| EBITDA range | $19.9M – $34.5M |
| 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
“Founded in 1998 by David J. Chernicky, New Dominion, LLC is a growing, independent exploration and production company that efficiently and economically harvests clean natural gas and natural gas liquids from over 400 wells in the great state of Oklahoma.”
Leadership
- SKSusan KearyChief Financial Officer · Company website · source
- FMFred M. BuxtonPerson in charge of special projects · Company website · source
- ATAlexander T. RobinsonVice President of Land · Company website · source
- JBJerry BreauxManager of Infrastructure and Special Projects · Company website · source
- KEKevin EasleySigned for the company · 2021 retirement-plan filing (Form 5500)
Advisors
- BankingVast Bank, 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
| Vast Bank, National Association PPP 2020, PPP 2021 | All 359 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $702K | 34 |
| 1/25/2021 | second | $702K | 34 |
2 locations
| 1307 S BOULDER AVE | Tulsa | This listing |
| 93330 S Highway 99 | Prague | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About New Dominion LLC
New Dominion LLC is a crude petroleum extraction company in Tulsa, Oklahoma, in business since 1998. It is owned by Kevin A. Easley (President & CEO). Its estimated annual revenue is about $152.1M, with roughly $30.2M of EBITDA. It has about 27 employees. Its estimated business value is $217.6M (likely range $114.5M–$297.8M). It has 2 locations.
Common questions
- Who owns New Dominion LLC?
- New Dominion LLC is owned by Kevin A. Easley (President & CEO), according to public sources such as the company's website or filings.
- How much revenue does New Dominion LLC make?
- SeeBITDA estimates New Dominion LLC's annual revenue at about $152.1M (likely between $100.0M and $173.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is New Dominion LLC worth?
- About $217.6M, roughly 7.2× its estimated EBITDA of $30.2M, typical for a crude petroleum extraction company its size. Likely range: $114.5M–$297.8M.
- How many employees does New Dominion LLC have?
- About 27, from its 2024 retirement-plan filing.
- When was New Dominion LLC founded?
- New Dominion LLC has been in business since 1998.
- Is New Dominion LLC for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 28 years (since 1998); no family successor named on its website; headcount down 21% since 2022 (retirement plan filings).