Oakland Petroleum Operating Company, Inc
How we got $96.6M
Based on its 22 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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
▼ 36% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 22 | $73.0M |
| 2020 | Form 5500 | 16 | $53.1M |
| 2021 | Form 5500 | 14 | $46.4M |
| 2022 | Form 5500 | 16 | $53.1M |
| 2023 | Form 5500 | 14 | $46.4M |
| 2024 | Form 5500 | 17 | $56.4M |
| 2025 | Form 5500 | 14 | $46.4M |
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 |
|---|---|---|
| OAKLAND PETROLEUM OPERATING COMPANY, INC this business | $66.4M | — |
| G.R.B. RESOURCES, INC. Tulsa · 3 employees | $9.0M | 0.0 mi |
| PARSAGE OIL COMPANY LLC Tulsa · 4 employees | $14.7M | 0.0 mi |
| LPD ENERGY COMPANY, LLC Tulsa · 10 employees | $33.2M | 0.0 mi |
| AMERICAN OILFIELD BEARING LLC Tulsa · 5 employees | $23.2M | 0.0 mi |
| KIRCHNER INVESTMENTS, LLC Tulsa · 2 employees | $9.0M | 0.3 mi |
| GOODROCK NATURAL RESOURCES LLC Tulsa · 6 employees | $24.4M | 0.6 mi |
The full calculation
| Employees reported to the SBA | 22 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $86.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $39.4M |
| Estimate: the two combined (geometric mean) | $66.4M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $15.1M |
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 | $96.6M |
| Multiple for this size and industry | 6.4× |
| Value range | $50.8M – $132.1M |
| Revenue range | $43.7M – $75.7M |
| EBITDA range | $9.9M – $17.2M |
| Industry (NAICS) | Crude Petroleum Extraction (211120) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingInternational Bank of CommercePPP / 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
| International Bank of Commerce PPP 2020, PPP 2021 | All 442 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $207K | 22 |
| 1/23/2021 | second | $182K | 21 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Oakland Petroleum Operating Company, Inc
Oakland Petroleum Operating Company, Inc is a crude petroleum extraction company in Tulsa, Oklahoma, in business since 2018. It is owned by Blake Heldmar (Contact). Its estimated annual revenue is about $66.4M, with roughly $15.1M of EBITDA. It has about 14 employees. Its estimated business value is $96.6M (likely range $50.8M–$132.1M).
Common questions
- Who owns Oakland Petroleum Operating Company, Inc?
- Oakland Petroleum Operating Company, Inc is owned by Blake Heldmar (Contact), according to public sources such as the company's website or filings.
- How much revenue does Oakland Petroleum Operating Company, Inc make?
- SeeBITDA estimates Oakland Petroleum Operating Company, Inc's annual revenue at about $66.4M (likely between $43.7M and $75.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Oakland Petroleum Operating Company, Inc worth?
- About $96.6M, roughly 6.4× its estimated EBITDA of $15.1M, typical for a crude petroleum extraction company its size. Likely range: $50.8M–$132.1M.
- How many employees does Oakland Petroleum Operating Company, Inc have?
- About 14, from its 2025 retirement-plan filing.
- When was Oakland Petroleum Operating Company, Inc founded?
- Oakland Petroleum Operating Company, Inc has been in business since 2018.