Resource Oil and Gas, LLC
How we got $127.5M
Based on its 23 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Resource Oil and Gas, LLC is a privately held oil and gas company based in Oklahoma City, founded in 2018, with operations concentrated in the Anadarko Basin across Western Oklahoma and the Texas Panhandle.
From the company's website. Industry: Crude Petroleum Extraction.
Estimated value over time
▲ 29% 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
▲ 252% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 23 | $76.3M |
| 2020 | Form 5500 | 27 | $89.5M |
| 2021 | Form 5500 | 81 | $268.6M |
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 |
|---|---|---|
| RESOURCE OIL AND GAS, LLC this business | $100.2M | — |
| RICHLAND RESOURCES CORPORATION Oklahoma City · 6 employees | $25.2M | 0.1 mi |
| ANTELOPE OIL & GAS LLC Oklahoma City · 2 employees | $9.0M | 0.1 mi |
| NORVILLE OIL CO., LLC Oklahoma City · 5 employees | $21.7M | 0.2 mi |
| JEC OPERATING, L.L.C. Oklahoma City · 2 employees | $7.6M | 0.2 mi |
| GARRETT AND COMPANY RESOURCES, LLC Oklahoma City | $95.3M | 1.8 mi |
| KING ENERGY, LLC Oklahoa City · 4 employees | $13.5M | 2.0 mi |
The full calculation
| Employees reported to the SBA | 23 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $90.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $85.8M |
| Estimate: the two combined (geometric mean) | $100.2M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $19.9M |
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 | $127.5M |
| Multiple for this size and industry | 6.4× |
| Value range | $67.1M – $174.5M |
| Revenue range | $65.9M – $114.3M |
| EBITDA range | $13.1M – $22.7M |
| Industry (NAICS) | Crude Petroleum Extraction (211120) |
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
- BankingCrossFirst 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
| CrossFirst Bank PPP 2020, PPP 2021 | All 299 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $451K | 23 |
| 1/29/2021 | second | $451K | 23 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Resource Oil and Gas, LLC
Resource Oil and Gas, LLC is a crude petroleum extraction company in Oklahoma City, Oklahoma, in business since 2018. Its estimated annual revenue is about $100.2M, with roughly $19.9M of EBITDA. It has about 81 employees. Its estimated business value is $127.5M (likely range $67.1M–$174.5M).
Common questions
- Who owns Resource Oil and Gas, LLC?
- The owner of Resource Oil and Gas, 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 Resource Oil and Gas, LLC make?
- SeeBITDA estimates Resource Oil and Gas, LLC's annual revenue at about $100.2M (likely between $65.9M and $114.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Resource Oil and Gas, LLC worth?
- About $127.5M, roughly 6.4× its estimated EBITDA of $19.9M, typical for a crude petroleum extraction company its size. Likely range: $67.1M–$174.5M.
- How many employees does Resource Oil and Gas, LLC have?
- About 81, from its 2021 retirement-plan filing.
- When was Resource Oil and Gas, LLC founded?
- Resource Oil and Gas, LLC has been in business since 2018.