Performance Operating Company, LLC
How we got $32.6M
Based on its 63 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 16 years (since 2010)
From public records and the company's website, not a statement that it's for sale.
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.
Employees over time
▼ 52% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 63 | $20.8M |
| 2020 | Form 5500 | 41 | $13.5M |
| 2021 | Form 5500 | 38 | $12.5M |
| 2022 | Form 5500 | 37 | $12.2M |
| 2023 | Form 5500 | 38 | $12.5M |
| 2024 | Form 5500 | 36 | $11.9M |
| 2025 | Form 5500 | 30 | $9.9M |
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 |
|---|---|---|
| PERFORMANCE OPERATING COMPANY, LLC this business | $27.6M | — |
| Preformance Petroleum Co. Barnsdall | $1.5M | 0.0 mi |
| JBK WELL SERVICE LLC Barnsdall · 9 employees | $3.3M | 4.4 mi |
| MOBILE WATER SERVICES, LLC Wynona · 3 employees | $1.7M | 10.0 mi |
| F & J OIL CO. LLC Pawhuska · 4 employees | $1.5M | 10.7 mi |
| HORN OIL COMPANY Pawhuska · 2 employees | $1.1M | 13.2 mi |
| LONG OIL LLC Pawhuska · 1 employees | $592K | 13.2 mi |
The full calculation
| Employees reported to the SBA | 63 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $24.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $23.6M |
| Estimate: the two combined (geometric mean) | $27.6M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $6.3M |
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 | $32.6M |
| Multiple for this size and industry | 5.2× |
| Value range | $17.2M – $44.6M |
| Revenue range | $18.2M – $31.5M |
| EBITDA range | $4.1M – $7.2M |
| 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
Advisors
- BankingBlue Sky 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
| Blue Sky Bank PPP 2020, PPP 2021 | All 430 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $838K | 60 |
| 1/21/2021 | second | $822K | 63 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Performance Operating Company, LLC
Performance Operating Company, LLC is an oil & gas company in Barnsdall, Oklahoma, in business since 2010. Its estimated annual revenue is about $27.6M, with roughly $6.3M of EBITDA. It has about 30 employees. Its estimated business value is $32.6M (likely range $17.2M–$44.6M).
Common questions
- Who owns Performance Operating Company, LLC?
- The owner of Performance Operating Company, LLC isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Performance Operating Company, LLC make?
- SeeBITDA estimates Performance Operating Company, LLC's annual revenue at about $27.6M (likely between $18.2M and $31.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Performance Operating Company, LLC worth?
- About $32.6M, roughly 5.2× its estimated EBITDA of $6.3M, typical for a oil & gas company its size. Likely range: $17.2M–$44.6M.
- How many employees does Performance Operating Company, LLC have?
- About 30, from its 2025 retirement-plan filing.
- When was Performance Operating Company, LLC founded?
- Performance Operating Company, LLC has been in business since 2010.