Petrosource LLC
- Charles HancockCeo · Company website
- Tyler HancockManager · Company website
How we got $4.3M
Based on its 24 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 21% 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 17 years (since 2009)
From public records and the company's website, not a statement that it's for sale.
What they do
PetroSource LLC is an oil and gas accounting and division order services company based in Tulsa, Oklahoma. It offers customizable accounting services for energy companies.
From the company's website. Industry: Accounting & tax.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- ONEOK, Inc. · Tulsa, 5 mi · $33.63B
- Helmerich & Payne · Tulsa, 5 mi · $3.75B
- EXPLORER PIPELINE COMPANY · Tulsa, 5 mi · $619.2M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 4 mi · $467.9M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 5 mi · $326.8M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PETROSOURCE LLC this business | $6.1M | — |
| NORWOOD TAX SERVICES, LLC Tulsa · 3 employees | $245K | 0.1 mi |
| K.W. DOUGLAS, LLC Tulsa · 1 employees | $113K | 0.1 mi |
| Axxe Business Services Tulsa | $1.1M | 0.4 mi |
| CONNALLY & ASSOCIATES, P.C. Tulsa · 34 employees | $5.3M | 0.8 mi |
| Andrea E. Van Deventer Tulsa | $735K | 0.8 mi |
| TOM WALTERS COMPANY INC. Tulsa · 2 employees | $274K | 0.9 mi |
The full calculation
| Employees reported to the SBA | 24 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.3M |
| Estimate: the two combined (geometric mean) | $6.1M |
| EBITDA margin (industry, adjusted for size) | 16% |
| EBITDA = revenue × margin | $993K |
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 | $4.3M |
| Multiple for this size and industry | 4.3× |
| Value range | $2.2M – $5.8M |
| Revenue range | $4.0M – $6.9M |
| EBITDA range | $653K – $1.1M |
| Industry (NAICS) | Other Accounting Services (541219) |
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
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 | 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 |
|---|---|---|---|
| 4/14/2020 | first | $404K | 24 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Petrosource LLC
Petrosource LLC is an accounting & tax company in Tulsa, Oklahoma, in business since 2009. It is owned by Becky Hoagland (President). Its estimated annual revenue is about $6.1M, with roughly $993K of EBITDA. It has about 24 employees. Its estimated business value is $4.3M (likely range $2.2M–$5.8M).
Common questions
- Who owns Petrosource LLC?
- Petrosource LLC is owned by Becky Hoagland (President), according to public sources such as the company's website or filings.
- How much revenue does Petrosource LLC make?
- SeeBITDA estimates Petrosource LLC's annual revenue at about $6.1M (likely between $4.0M and $6.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Petrosource LLC worth?
- About $4.3M, roughly 4.3× its estimated EBITDA of $993K, typical for a accounting & tax company its size. Likely range: $2.2M–$5.8M.
- How many employees does Petrosource LLC have?
- About 24, as reported on its PPP loan.
- When was Petrosource LLC founded?
- Petrosource LLC has been in business since 2009.