Red River Petroleum, Inc.
How we got $2.2M
Based on its 5 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 23 years (since 2003)
From public records and the company's website, not a statement that it's for sale.
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 |
|---|---|---|
| RED RIVER PETROLEUM, INC. this business | $2.4M | — |
| SOUTHWINDS INSPECTION CORP Kingfisher · 27 employees | $17.3M | 0.3 mi |
| STRIKER OILFIELD SERVICES, LLC Kingfisher · 2 employees | $735K | 0.6 mi |
| ALTMAN ENGINEERING, INC. Kingfisher · 1 employees | $679K | 0.8 mi |
| BROWN & BORELLI, INC. Kingfisher · 4 employees | $1.9M | 0.8 mi |
| LION WELL SERVICE, LLC Kingfisher · 11 employees | $4.1M | 1.2 mi |
| ORCO SERVICE, LLC Kingfisher · 28 employees | $16.1M | 1.3 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.4M |
| Estimate: the two combined (geometric mean) | $2.4M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $737K |
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 | $2.2M |
| Multiple for this size and industry | 3× |
| Value range | $1.2M – $3.0M |
| Revenue range | $1.6M – $2.8M |
| EBITDA range | $485K – $840K |
| 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
Advisors
- BankingF & M 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
| F & M Bank PPP 2020 | All 379 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $64K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Red River Petroleum, Inc.
Red River Petroleum, Inc. is an oil & gas company in Kingfisher, Oklahoma, in business since 2003. Its estimated annual revenue is about $2.4M, with roughly $737K of EBITDA. It has about 5 employees. Its estimated business value is $2.2M (likely range $1.2M–$3.0M).
Common questions
- Who owns Red River Petroleum, Inc.?
- The owner of Red River Petroleum, Inc. 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 Red River Petroleum, Inc. make?
- SeeBITDA estimates Red River Petroleum, Inc.'s annual revenue at about $2.4M (likely between $1.6M and $2.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Red River Petroleum, Inc. worth?
- About $2.2M, roughly 3× its estimated EBITDA of $737K, typical for a oil & gas company its size. Likely range: $1.2M–$3.0M.
- How many employees does Red River Petroleum, Inc. have?
- About 5, as reported on its PPP loan.
- When was Red River Petroleum, Inc. founded?
- Red River Petroleum, Inc. has been in business since 2003.