Okie Crude Company
How we got $2.2M
Based on its 4 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 41 years (since 1985)
- Founder still runs it after 41 years
From public records and the company's website, not a statement that it's for sale.
What they do
Okie Crude Company is an operating company based in Tulsa, Oklahoma, described on its site as well prepared to develop and operate successfully in any environment.
From the company's website. Industry: Oil & gas.
Estimated value over time
▲ 5% 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 |
|---|---|---|
| OKIE CRUDE COMPANY this business | $2.4M | — |
| BLACK MESA ENERGY, LLC Tulsa · 6 employees | $4.0M | 0.0 mi |
| Davis WM H & Davis Operating Company Tulsa | $1.5M | 0.0 mi |
| Getka Tulsa | $1.5M | 0.0 mi |
| Woodbine Financial Corporation Tulsa | $1.5M | 0.0 mi |
| COWBOY OILFIELD SERVICES, LLC Tulsa · 3 employees | $1.6M | 0.0 mi |
| ORCA OPERATING COMPANY, LLC Tulsa · 10 employees | $4.9M | 0.0 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.4M |
| Estimate: the two combined (geometric mean) | $2.4M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $735K |
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 | $2.2M |
| Multiple for this size and industry | 3× |
| Value range | $1.2M – $3.0M |
| Revenue range | $1.6M – $2.8M |
| EBITDA range | $483K – $838K |
| Industry (NAICS) | Drilling Oil and Gas Wells (213111) |
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
“Thomas M. Atkinson founded Okie Crude Company in 1985, by acquiring non-core properties from major integrated producers who were no longer able to efficiently manage them on their own.”
Advisors
- BankingBOKF, 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
| BOKF, National Association PPP 2020, PPP 2021 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $64K | 4 |
| 2/10/2021 | second | $64K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Okie Crude Company
Okie Crude Company is a family-owned oil & gas company in Tulsa, Oklahoma, in business since 1985. It is owned by Thomas M. Atkinson (Founder). Its estimated annual revenue is about $2.4M, with roughly $735K of EBITDA. It has about 4 employees. Its estimated business value is $2.2M (likely range $1.2M–$3.0M).
Common questions
- Who owns Okie Crude Company?
- Okie Crude Company is owned by Thomas M. Atkinson (Founder), according to public sources such as the company's website or filings.
- How much revenue does Okie Crude Company make?
- SeeBITDA estimates Okie Crude Company's annual revenue at about $2.4M (likely between $1.6M and $2.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Okie Crude Company worth?
- About $2.2M, roughly 3× its estimated EBITDA of $735K, typical for a oil & gas company its size. Likely range: $1.2M–$3.0M.
- How many employees does Okie Crude Company have?
- About 4, as reported on its PPP loan.
- When was Okie Crude Company founded?
- Okie Crude Company has been in business since 1985.
- Is Okie Crude Company for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 41 years (since 1985); founder still runs it after 41 years.