Normco Energy Products, LLC
How we got $10.1M
Based on its 22 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 9% 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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| NORMCO ENERGY PRODUCTS, LLC this business | $9.4M | — |
| RPM ENERGY, INC. Shawnee · 1 employees | $828K | 2.1 mi |
| SPS EXPLORATION LLC Shawnee · 1 employees | $602K | 2.2 mi |
| CUESTA PETROLEUM, INC. Shawnee · 1 employees | $600K | 2.5 mi |
| HARRY H. DIAMOND, INC. Shawnee · 4 employees | $3.3M | 2.5 mi |
| K AND K PARSONS LLC Shawnee · 1 employees | $517K | 2.5 mi |
| MACARTHUR 66 INC Shawnee · 1 employees | $395K | 3.0 mi |
The full calculation
| Employees reported to the SBA | 22 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.9M |
| Estimate: the two combined (geometric mean) | $9.4M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.3M |
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 | $10.1M |
| Multiple for this size and industry | 4.4× |
| Value range | $5.3M – $13.8M |
| Revenue range | $6.2M – $10.7M |
| EBITDA range | $1.5M – $2.6M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
- BankingVision 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 Roles are as stated there and may be out of date.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
| Vision Bank PPP 2020, PPP 2021 | All 487 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $196K | 22 |
| 1/26/2021 | second | $92K | 13 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Normco Energy Products, LLC
Normco Energy Products, LLC is an oil & gas company in Shawnee, Oklahoma. It is owned by Nathan Hanks (CEO). Its estimated annual revenue is about $9.4M, with roughly $2.3M of EBITDA. It has about 22 employees. Its estimated business value is $10.1M (likely range $5.3M–$13.8M).
Common questions
- Who owns Normco Energy Products, LLC?
- Normco Energy Products, LLC is owned by Nathan Hanks (CEO), according to public sources such as the company's website or filings.
- How much revenue does Normco Energy Products, LLC make?
- SeeBITDA estimates Normco Energy Products, LLC's annual revenue at about $9.4M (likely between $6.2M and $10.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Normco Energy Products, LLC worth?
- About $10.1M, roughly 4.4× its estimated EBITDA of $2.3M, typical for a oil & gas company its size. Likely range: $5.3M–$13.8M.
- How many employees does Normco Energy Products, LLC have?
- About 22, as reported on its PPP loan.