Primary Fuels LLC
How we got $897K
Based on 2 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
What they do
Primary Fuels, LLC is an upstream energy company that generates and operates oil and gas projects, mostly in the Powder River, Permian, and Williston Basins, and invests in related teams in other domestic basins.
From the company's website. Industry: Oil & gas.
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PRIMARY FUELS LLC this business | $1.1M | — |
| BELPORT OIL INC Tulsa · 19 employees | $7.9M | 0.2 mi |
| KEENER OIL AND GAS COMPANY Tulsa · 6 employees | $3.7M | 0.3 mi |
| Conexus Energy Tulsa | $1.5M | 0.3 mi |
| Corterra Energy, Llc Tulsa | $1.5M | 0.3 mi |
| LYONS & LYONS INC. Tulsa · 3 employees | $1.1M | 0.4 mi |
| LOCKE CAPITAL, LLC Tulsa · 3 employees | $2.1M | 0.7 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Industry revenue per employee | $361K |
| Revenue = employees × revenue per employee | $1.1M |
| EBITDA margin (industry, adjusted for size) | 34% |
| EBITDA = revenue × margin | $374K |
| Cross-check: revenue implied by PPP payroll | $260K |
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 | $897K |
| Multiple for this size and industry | 2.4× |
| Value range | $425K – $1.3M |
| Revenue range | $658K – $1.3M |
| EBITDA range | $221K – $442K |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
“Primary Fuels, LLC was founded in late 2016 as one of the successors to Bear Peak Resources, LLC.”
Advisors
- BankingVast Bank, 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
| Vast Bank, National Association PPP 2020, PPP 2021 | All 359 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 | $7K | 1 |
| 1/17/2021 | second | $12K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Primary Fuels LLC
Primary Fuels LLC is an oil & gas company in Tulsa, Oklahoma, in business since 2015. Its estimated annual revenue is about $1.1M, with roughly $374K of EBITDA. It has about 2 employees. Its estimated business value is $897K (likely range $425K–$1.3M).
Common questions
- Who owns Primary Fuels LLC?
- The owner of Primary Fuels 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 Primary Fuels LLC make?
- SeeBITDA estimates Primary Fuels LLC's annual revenue at about $1.1M (likely between $658K and $1.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Primary Fuels LLC worth?
- About $897K, roughly 2.4× its estimated EBITDA of $374K, typical for a oil & gas company its size. Likely range: $425K–$1.3M.
- How many employees does Primary Fuels LLC have?
- About 2, as reported on its PPP loan.
- When was Primary Fuels LLC founded?
- Primary Fuels LLC has been in business since 2015.