Okland Oil Company
How we got $2.6M
Based on its 16 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 48 years (since 1978)
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Okland Oil Company is an Oklahoma City-based privately owned and operated independent oil and gas company established in 1978. It develops and operates low-risk, turnkey oil and gas drilling prospects and holds operated and non-operated working interests and mineral assets.
From the company's website. Industry: Oil and Gas Pipeline and Related Structures Construction.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- GULFPORT ENERGY CORPORATION · Oklahoma City, 10 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 11 mi · $1.18B
- CROWN ENERGY COMPANY · Oklahoma City, 2 mi · $711.6M
- T/J INSPECTION, INC. · Del City, 4 mi · $651.7M
- CIRCLE 9 RESOURCES LLC · Oklahoma City, 1 mi · $557.7M
Estimated value over time
▲ 4% 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
▼ 44% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 16 | $4.0M |
| 2020 | Form 5500 | 15 | $3.7M |
| 2021 | Form 5500 | 12 | $3.0M |
| 2022 | Form 5500 | 12 | $3.0M |
| 2023 | Form 5500 | 12 | $3.0M |
| 2024 | Form 5500 | 12 | $3.0M |
| 2025 | Form 5500 | 9 | $2.2M |
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 |
|---|---|---|
| OKLAND OIL COMPANY this business | $7.6M | — |
| NORTHWEST TRANSFORMER CO., INC. Oklahoma City · 26 employees | $8.9M | 2.3 mi |
| OPECO, INC. Oklahoma City · 39 employees | $17.1M | 2.5 mi |
| R & K CONSTRUCTION Oklahoma City · 6 employees | $2.8M | 2.5 mi |
| KRAPFF-REYNOLDS CONSTRUCTION COMPANY Oklahoma City · 59 employees | $30.9M | 2.7 mi |
| MATTHEWS TRENCHING CO., INC Oklahoma City · 65 employees | $37.9M | 2.7 mi |
| Weatherford Us Lp Oklahoma City | $11.5M | 2.9 mi |
The full calculation
| Employees reported to the SBA | 16 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.6M |
| Estimate: the two combined (geometric mean) | $7.6M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $915K |
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 | $2.6M |
| Multiple for this size and industry | 2.8× |
| Value range | $1.3M – $3.5M |
| Revenue range | $5.0M – $8.7M |
| EBITDA range | $602K – $1.0M |
| Industry (NAICS) | Oil and Gas Pipeline and Related Structures Construction (237120) |
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
“Okland Oil Company was incorporated in Oklahoma in 1978 under the leadership of its current President and CEO, Steve Wetwiska.”
Leadership
- KCKatie ClarkAccounting Assistant · Company website · source
- RBRobin BabbController · Company website · source
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 |
|---|---|---|---|
| 4/5/2020 | first | $262K | 16 |
| 1/29/2021 | second | $250K | 15 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Okland Oil Company
Okland Oil Company is an oil and gas pipeline and related structures construction company in Oklahoma City, Oklahoma, in business since 1978. It is owned by Steve Wetwiska (President and CEO). Its estimated annual revenue is about $7.6M, with roughly $915K of EBITDA. It has about 9 employees. Its estimated business value is $2.6M (likely range $1.3M–$3.5M).
Common questions
- Who owns Okland Oil Company?
- Okland Oil Company is owned by Steve Wetwiska (President and CEO), according to public sources such as the company's website or filings.
- How much revenue does Okland Oil Company make?
- SeeBITDA estimates Okland Oil Company's annual revenue at about $7.6M (likely between $5.0M and $8.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Okland Oil Company worth?
- About $2.6M, roughly 2.8× its estimated EBITDA of $915K, typical for a oil and gas pipeline and related structures construction company its size. Likely range: $1.3M–$3.5M.
- How many employees does Okland Oil Company have?
- About 9, from its 2025 retirement-plan filing.
- When was Okland Oil Company founded?
- Okland Oil Company has been in business since 1978.
- Is Okland Oil Company for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 48 years (since 1978); no family successor named on its website.