Oklahoma Energy Source, LLC
- Greg HathawayOwner (purchased the company on January 1, 2013) · Company website
How we got $860K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 35% 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
Signs of a sale Unlikely to sell soon
- In business 21 years (since 2005)
From public records and the company's website, not a statement that it's for sale.
What they do
Oklahoma Energy Source, LLC is an independently owned and operated natural gas supplier, providing integrated natural gas services from the City Gate to the burner tip by securing wholesale natural gas on interstate and intrastate pipelines. It serves retail natural gas customers who qualify to purchase natural gas.
From the company's website. Industry: Retail Trade.
Customers & suppliers
Suppliers & brands
- DTE Energy Trading · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| OKLAHOMA ENERGY SOURCE, LLC this business | $3.1M | — |
| HATHAWAY 51 INCORPORATED Tulsa · 1 employees | $730K | 0.8 mi |
| FLASHLIGHTZ, LLC Tulsa · 2 employees | $699K | 0.9 mi |
| SIGNAL COMMUNICATIONS, INC. Tulsa · 14 employees | $7.8M | 1.1 mi |
| MINT CAPITAL LLC Tulsa · 1 employees | $576K | 1.3 mi |
| JEBRY, LLC Tulsa · 6 employees | $2.5M | 1.7 mi |
| BORGER & ASSOCIATES LLC Tulsa · 2 employees | $988K | 1.7 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.7M |
| Estimate: the two combined (geometric mean) | $3.1M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $358K |
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 | $860K |
| Multiple for this size and industry | 2.4× |
| Value range | $453K – $1.2M |
| Revenue range | $2.0M – $3.6M |
| EBITDA range | $236K – $409K |
| Industry (NAICS) | Retail Trade (454310) |
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: approximate sector default. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“Independently owned and operated since 2005 Oklahoma Energy Source has been providing integrated natural gas services from the City Gate to the Burner tip by securing wholesale natural gas on the Interstate and Intrastate pipelines.”
Advisors
- BankingGrand 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
| Grand Bank PPP 2020, PPP 2021 | All 407 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 | $33K | 2 |
| 1/17/2021 | second | $42K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Oklahoma Energy Source, LLC
Oklahoma Energy Source, LLC is a retail trade company in Tulsa, Oklahoma, in business since 2005. It is owned by Tom Keenze (Co-Owner). Its estimated annual revenue is about $3.1M, with roughly $358K of EBITDA. It has about 2 employees. Its estimated business value is $860K (likely range $453K–$1.2M).
Common questions
- Who owns Oklahoma Energy Source, LLC?
- Oklahoma Energy Source, LLC is owned by Tom Keenze (Co-Owner), according to public sources such as the company's website or filings.
- How much revenue does Oklahoma Energy Source, LLC make?
- SeeBITDA estimates Oklahoma Energy Source, LLC's annual revenue at about $3.1M (likely between $2.0M and $3.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Oklahoma Energy Source, LLC worth?
- About $860K, roughly 2.4× its estimated EBITDA of $358K, typical for a retail trade company its size. Likely range: $453K–$1.2M.
- How many employees does Oklahoma Energy Source, LLC have?
- About 2, as reported on its PPP loan.
- When was Oklahoma Energy Source, LLC founded?
- Oklahoma Energy Source, LLC has been in business since 2005.