MFA Oil is owned by Jon Ihler (President and CEO), according to public sources such as the company's website or filings.

How much revenue does MFA Oil make?

SeeBITDA estimates MFA Oil's annual revenue at about $1.9M (likely between $1.1M and $6.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.

What is MFA Oil worth?

About $1.8M, roughly 3× its estimated EBITDA of $588K, typical for a oil & gas company its size. Likely range: $804K–$6.5M.

When was MFA Oil founded?

MFA Oil has been in business since 1929.

There's no public listing, but it shows signs that often come before a sale: in business 97 years (since 1929); no family successor named on its website.

MFA Oil

Oil & gas

63216 E 290 Rd, Grove, OK
3 locations
Since 1929

Estimated valueLow confidence

$1.8M

$804Klikely range$6.5M

About 3× its yearly profit, typical for a company this size in its industry.

Revenue

$1.9M

a year

Profit (EBITDA)

$588K

30% of revenue

Employees

—

not reported

Jon Ihler

President and CEO · source

Likely to sell

mfaoil.com LinkedIn

Contact

Find Jon Ihler on RocketReach Request removal or correction

How we got $1.8M

Based on typical figures for its industry (2022 Economic Census), not its own records.

A typical oil & gas business in Oklahoma$1.9M

Revenue$1.9M

× 30% profit margin$588K

× 3 sale multiple = value$1.8M

· Own this business? Correct these figures

What we know

No PPP loan

No 401(k) filing

No reported financials

Company website

Owner named

3 locations found

Signs of a sale Likely to sell

In business 97 years (since 1929)
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

MFA Oil is a Grove, OK business that sells fuels, propane, oils and lubricants, and Big O Tires, with credit available to qualified customers. It serves individual, farm, and business customers through its local office and Co-op structure.

Products & services

Quality Fuel ProductsREVital GasolineBOSS DieselRenewable FuelsFuel ContractingWholesale FuelsFuel & Oil AnalysisPetro-Card 24PropaneFurnaces & BoilersWater HeatingResidential Generators

Markets served

IndividualJoint accountBusiness accountFor Your HomeFor Your FarmFor Your BusinessConstructionLandscaping

Service area

Grove, OKOklahoma

From the company's website. Industry: Oil & gas.

Customers & suppliers

Possible customers nearby

The largest businesses within about 60 miles in the markets its website says it serves.

Accounting & tax

TKC ADVENTURES, LLC · Fort Gibson, 61 mi · $20.3M
C K VENTURES, INC · Muskogee, 68 mi · $12.7M
ANNE STRIBLING, CPA PLLC · Collinsville, 63 mi · $4.5M
PROFESSIONAL DRIVEN SOLUTIONS, LLC · Vinita, 22 mi · $2.9M
JK INVESTMENT TEAM LLC · Muskogee, 67 mi · $2.4M

Home builders

SIMMONS HOMES, LLC · Owasso, 64 mi · $208.7M
SHAW HOMES, INC. · Broken Arrow, 69 mi · $165.6M
IRA M. GREEN CONSTRUCTION COMPANY · Claremore, 48 mi · $72.1M
FOREST RIDGE DEVELOPMENT · Broken Arrow, 64 mi · $47.8M
CAPITAL HOMES RESIDENTIAL GROUP, L.L.C. · Owasso, 64 mi · $41.4M

Farms & ranches

BERRY & BERRY ACQUISITION · Tahlequah, 48 mi · $65.7M
J-M FARMS HOLDING, LLC · Miami, 21 mi · $62.3M
J-M FARMS, INC · Miami, 22 mi · $57.7M
J-M FOODS, LLC · Miami, 23 mi · $26.1M
LIVESAY ORCHARDS · Porter, 69 mi · $24.2M

Compared with similar businesses nearby

Business	Est. revenue	Est. profit	Distance
MFA Oil this business	$1.9M	$588K	—
SHAMROCK OPERATING COMPANY LLC Afton · 6 employees	$1.0M	$316K	5.4 mi
GENIE WELL SERVICE, INC. Disney · 25 employees	$5.4M	$1.3M	17.2 mi
Froman Oil & Propane Co Vinita	$645K	$217K	18.5 mi
BLUESTEM RESOURCES GROUP, LLC Vinita · 2 employees	$662K	$222K	22.9 mi
Kanoma Cooperative Association Big Cabin	$645K	$217K	26.1 mi
MCP Propane Adair - Storage Tank Adair	$645K	$217K	32.1 mi

The full calculation

Estimated value = EBITDA × typical sale multiple	$1.8M
Multiple for this size and industry	3×
Value range	$804K – $6.5M

This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Support Activities for Oil and Gas Operations businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (30%). Treat these as a rough guide.

Revenue range	$1.1M – $6.0M
EBITDA range	$335K – $1.8M
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. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology

People & advisors

Founded 1929

“In 1929, a group of Missouri farmers banded together to form a cooperative — one that would ensure a reliable supply of quality petroleum products at a fair price.”

Leadership

RA
Raymond A. Young
CEO and General Manager · Company website · source
DC
Dale Creach
President · Company website · source
JT
Jerry Taylor
President and CEO · Company website · source
MF
Mark Fenner
President · Company website · source

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.

3 locations

63216 E 290 Rd	Grove	This listing
530 D St NE	Miami	View
Highway 59	Stilwell	View

Revenue, profit and value are for the whole company.

Public records

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About MFA Oil

MFA Oil is an oil & gas company in Grove, Oklahoma, in business since 1929. It is owned by Jon Ihler (President and CEO). Its estimated annual revenue is about $1.9M, with roughly $588K of EBITDA. Its estimated business value is $1.8M (likely range $804K–$6.5M). It has 3 locations.

Common questions

Who owns MFA Oil?: MFA Oil is owned by Jon Ihler (President and CEO), according to public sources such as the company's website or filings.
How much revenue does MFA Oil make?: SeeBITDA estimates MFA Oil's annual revenue at about $1.9M (likely between $1.1M and $6.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
What is MFA Oil worth?: About $1.8M, roughly 3× its estimated EBITDA of $588K, typical for a oil & gas company its size. Likely range: $804K–$6.5M.
When was MFA Oil founded?: MFA Oil has been in business since 1929.
Is MFA Oil for sale?: There's no public listing, but it shows signs that often come before a sale: in business 97 years (since 1929); no family successor named on its website.