Red Stone Resources, LLC
- Shan BhattacharyaExecutive Vice President · Company website
- Stathis GiannakopoulosDirector Of Acquisitions & Strategy · Company website
- Chase GibsonDIRECTOR OF OPERATIONS (Permian) · Company website
- Senneca StoneOperations Manager Appalachia · Company website
- Steve NathGeological Advisor · Company website
How we got $13.0M
Based on its 20 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Signs of a sale Unlikely to sell soon
- Family in the business (Shan Bhattacharya, EXECUTIVE VICE PRESIDENT)
From public records and the company's website, not a statement that it's for sale.
What they do
Red Stone Resources helps mineral rights owners lease or sell their mineral rights, citing over 25 years of experience with an in-house team.
From the company's website. Industry: Oil & gas.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| RED STONE RESOURCES, LLC this business | $12.1M | — |
| Lcm Products LLC Edmond | $1.5M | 0.3 mi |
| CHEROKEE PIPELINE CORPORATION Edmond · 1 employees | $751K | 0.3 mi |
| COMBINED RESOURCES CORPORATION Edmond · 5 employees | $3.1M | 0.3 mi |
| Qv Resources, Llc Edmond | $1.5M | 0.3 mi |
| COMBINED RESOURCES CORPRATION Edmond · 5 employees | $3.1M | 0.4 mi |
| CONTINENTAL LAND RESOURCES LLC Edmond · 9 employees | $4.5M | 0.4 mi |
The full calculation
| Employees reported to the SBA | 20 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $12.7M |
| Estimate: the two combined (geometric mean) | $12.1M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $3.0M |
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 | $13.0M |
| Multiple for this size and industry | 4.4× |
| Value range | $6.9M – $17.8M |
| Revenue range | $8.0M – $13.8M |
| EBITDA range | $1.9M – $3.4M |
| 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
“Red Stone Resources, LLC was founded in 2012 as an oil and gas company focused on buying and selling mineral rights and working interests.”
Advisors
- BankingBancFirstPPP / 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
| BancFirst PPP 2020, PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $360K | 20 |
| 2/6/2021 | second | $594K | 20 |
2 locations
| 817 IRISH LANE | Edmond | This listing |
| 1901 W 33rd St | Edmond | 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 Red Stone Resources, LLC
Red Stone Resources, LLC is an oil & gas company in Edmond, Oklahoma, in business since 2012. It is owned by Sanjit Bhattacharya (President). Its estimated annual revenue is about $12.1M, with roughly $3.0M of EBITDA. It has about 20 employees. Its estimated business value is $13.0M (likely range $6.9M–$17.8M). It has 2 locations.
Common questions
- Who owns Red Stone Resources, LLC?
- Red Stone Resources, LLC is owned by Sanjit Bhattacharya (President), according to public sources such as the company's website or filings.
- How much revenue does Red Stone Resources, LLC make?
- SeeBITDA estimates Red Stone Resources, LLC's annual revenue at about $12.1M (likely between $8.0M and $13.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Red Stone Resources, LLC worth?
- About $13.0M, roughly 4.4× its estimated EBITDA of $3.0M, typical for a oil & gas company its size. Likely range: $6.9M–$17.8M.
- How many employees does Red Stone Resources, LLC have?
- About 20, as reported on its PPP loan.
- When was Red Stone Resources, LLC founded?
- Red Stone Resources, LLC has been in business since 2012.