Orthwein Petroleum, Inc.
- Joe OrthweinVice President of Land · Company website
- Katie RobertsonController · Company website
- Nancy DodsonLandman · Company website
How we got $3.0M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 9% 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 Some signs of a sale
- In business 152 years (since 1874)
- Family in the business (Joe Orthwein, Vice President of Land)
From public records and the company's website, not a statement that it's for sale.
What they do
Orthwein Energy is an oil and gas mineral company that acquires mineral royalty, overriding royalty and non-operated working interests, buying from individuals, families, brokers and companies.
From the company's website. Industry: Oil & gas.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ORTHWEIN PETROLEUM, INC. this business | $3.3M | — |
| Kodiak Corporation Oklahoma City | $1.5M | 0.1 mi |
| TIER HYDROCARBON EXPLORATIONS, LLC Oklahoma City · 3 employees | $2.0M | 0.3 mi |
| M&m Energy Supply Co. (corporate Office) Oklahoma City | $1.5M | 0.3 mi |
| Castle Operating LLC Oklahoma City | $1.5M | 0.8 mi |
| COME BIG OR STAY HOME, L.L.C. Oklahoma City · 5 employees | $2.5M | 1.0 mi |
| GARRETT AND COMPANY, LLC Oklahoma City · 18 employees | $8.1M | 1.0 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.5M |
| Estimate: the two combined (geometric mean) | $3.3M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $988K |
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 | $3.0M |
| Multiple for this size and industry | 3× |
| Value range | $1.6M – $4.1M |
| Revenue range | $2.1M – $3.7M |
| EBITDA range | $650K – $1.1M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
“Orthwein Energy has been a family business since W.C. McBride founded the company 150 years ago.”
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 |
|---|---|---|---|
| 4/28/2020 | first | $96K | 6 |
| 1/22/2021 | second | $96K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Orthwein Petroleum, Inc.
Orthwein Petroleum, Inc. is a family-owned oil & gas company in Oklahoma City, Oklahoma, in business since 1874. It is owned by Rick Orthwein. Its estimated annual revenue is about $3.3M, with roughly $988K of EBITDA. It has about 6 employees. Its estimated business value is $3.0M (likely range $1.6M–$4.1M).
Common questions
- Who owns Orthwein Petroleum, Inc.?
- Orthwein Petroleum, Inc. is owned by Rick Orthwein, according to public sources such as the company's website or filings.
- How much revenue does Orthwein Petroleum, Inc. make?
- SeeBITDA estimates Orthwein Petroleum, Inc.'s annual revenue at about $3.3M (likely between $2.1M and $3.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Orthwein Petroleum, Inc. worth?
- About $3.0M, roughly 3× its estimated EBITDA of $988K, typical for a oil & gas company its size. Likely range: $1.6M–$4.1M.
- How many employees does Orthwein Petroleum, Inc. have?
- About 6, as reported on its PPP loan.
- When was Orthwein Petroleum, Inc. founded?
- Orthwein Petroleum, Inc. has been in business since 1874.