Okemah Oil Co Inc
How we got $5.3M
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 23 years (since 2003)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 31% 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 |
|---|---|---|
| OKEMAH OIL CO INC this business | $29.2M | — |
| GLENCO OIL & GAS CORPORATION Wewoka · 1 employees | $20.3M | 21.9 mi |
| RAMBIN PETROLEUM INC Okmulgee · 11 employees | $162.9M | 24.6 mi |
| PALUCA PETROLEUM, INC. Holdenville · 30 employees | $410.6M | 24.8 mi |
| HOOTEN OIL COMPANY, INC. Seminole · 24 employees | $417.5M | 26.9 mi |
| T&J MARKETING, INC. Davenport · 7 employees | $137.1M | 33.9 mi |
| W TWO PLUS LLC Bixby | $496.1M | 41.5 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $29.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $22.0M |
| Estimate: the two combined (geometric mean) | $29.2M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $1.2M |
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 | $5.3M |
| Multiple for this size and industry | 4.3× |
| Value range | $2.8M – $7.2M |
| Revenue range | $19.2M – $33.3M |
| EBITDA range | $804K – $1.4M |
| Industry (NAICS) | Petroleum Bulk Stations and Terminals (424710) |
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 Roles are as stated there and may be out of date.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 | $34K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Okemah Oil Co Inc
Okemah Oil Co Inc is a petroleum bulk stations and terminals company in Okemah, Oklahoma, in business since 2003. It is owned by Matt Jenkins. Its estimated annual revenue is about $29.2M, with roughly $1.2M of EBITDA. It has about 3 employees. Its estimated business value is $5.3M (likely range $2.8M–$7.2M).
Common questions
- Who owns Okemah Oil Co Inc?
- Okemah Oil Co Inc is owned by Matt Jenkins, according to public sources such as the company's website or filings.
- How much revenue does Okemah Oil Co Inc make?
- SeeBITDA estimates Okemah Oil Co Inc's annual revenue at about $29.2M (likely between $19.2M and $33.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Okemah Oil Co Inc worth?
- About $5.3M, roughly 4.3× its estimated EBITDA of $1.2M, typical for a petroleum bulk stations and terminals company its size. Likely range: $2.8M–$7.2M.
- How many employees does Okemah Oil Co Inc have?
- About 3, as reported on its PPP loan.
- When was Okemah Oil Co Inc founded?
- Okemah Oil Co Inc has been in business since 2003.