Norville Oil Co., LLC
How we got $23.2M
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 25 years (since 2001)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 30% 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
▼ 40% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 5 | $19.7M |
| 2020 | Form 5500 | 4 | $15.8M |
| 2021 | Form 5500 | 4 | $15.8M |
| 2022 | Form 5500 | 4 | $15.8M |
| 2023 | Form 5500 | 4 | $15.8M |
| 2024 | Form 5500 | 3 | $11.8M |
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 |
|---|---|---|
| NORVILLE OIL CO., LLC this business | $21.7M | — |
| JEC OPERATING, L.L.C. Oklahoma City · 2 employees | $7.6M | 0.0 mi |
| ANTELOPE OIL & GAS LLC Oklahoma City · 2 employees | $9.0M | 0.1 mi |
| RICHLAND RESOURCES CORPORATION Oklahoma City · 6 employees | $25.2M | 0.1 mi |
| RESOURCE OIL AND GAS, LLC Oklahoma City · 23 employees | $100.2M | 0.2 mi |
| GARRETT AND COMPANY RESOURCES, LLC Oklahoma City | $95.3M | 1.9 mi |
| KING ENERGY, LLC Oklahoa City · 4 employees | $13.5M | 1.9 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $21.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $17.2M |
| Estimate: the two combined (geometric mean) | $21.7M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $4.9M |
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 | $23.2M |
| Multiple for this size and industry | 4.7× |
| Value range | $12.2M – $31.7M |
| Revenue range | $14.3M – $24.7M |
| EBITDA range | $3.2M – $5.6M |
| Industry (NAICS) | Oil and Gas Extraction (211111) |
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
- BankingBancFirstPPP / 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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $82K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Norville Oil Co., LLC
Norville Oil Co., LLC is an oil and gas extraction company in Oklahoma City, Oklahoma, in business since 2001. Its estimated annual revenue is about $21.7M, with roughly $4.9M of EBITDA. It has about 3 employees. Its estimated business value is $23.2M (likely range $12.2M–$31.7M).
Common questions
- Who owns Norville Oil Co., LLC?
- The owner of Norville Oil Co., 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 Norville Oil Co., LLC make?
- SeeBITDA estimates Norville Oil Co., LLC's annual revenue at about $21.7M (likely between $14.3M and $24.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Norville Oil Co., LLC worth?
- About $23.2M, roughly 4.7× its estimated EBITDA of $4.9M, typical for a oil and gas extraction company its size. Likely range: $12.2M–$31.7M.
- How many employees does Norville Oil Co., LLC have?
- About 3, from its 2024 retirement-plan filing.
- When was Norville Oil Co., LLC founded?
- Norville Oil Co., LLC has been in business since 2001.