Resources Operating Co., Inc.
How we got $9.5M
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| RESOURCES OPERATING CO., INC. this business | $8.3M | — |
| HENRY GUNGOLL OPERATING INC Enid · 5 employees | $24.9M | 0.3 mi |
| CIRRUS PRODUCTION COMPANY Enid · 7 employees | $31.8M | 2.0 mi |
| D & J OIL COMPANY, INC. Enid · 10 employees | $35.5M | 2.8 mi |
| SHELLBARK VENTURES LLC Enid · 1 employees | $4.5M | 3.0 mi |
| ON POINT RESOURCES, LLC Enid · 1 employees | $4.6M | 5.0 mi |
| HIGH PLAINS OPERATING, INC. Waukomis · 2 employees | $9.3M | 9.7 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.8M |
| Estimate: the two combined (geometric mean) | $8.3M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.0M |
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 | $9.5M |
| Multiple for this size and industry | 4.7× |
| Value range | $5.0M – $13.0M |
| Revenue range | $5.5M – $9.5M |
| EBITDA range | $1.3M – $2.3M |
| 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
People & advisors
Advisors
- BankingStride 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 Roles are as stated there and may be out of date.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
| Stride Bank, National Association PPP 2020 | All 504 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 | $36K | 2 |
About Resources Operating Co., Inc.
Resources Operating Co., Inc. is a crude petroleum extraction company in Enid, Oklahoma. Its estimated annual revenue is about $8.3M, with roughly $2.0M of EBITDA. It has about 2 employees. Its estimated business value is $9.5M (likely range $5.0M–$13.0M).
Common questions
- Who owns Resources Operating Co., Inc.?
- The owner of Resources Operating Co., 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 Resources Operating Co., Inc. make?
- SeeBITDA estimates Resources Operating Co., Inc.'s annual revenue at about $8.3M (likely between $5.5M and $9.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Resources Operating Co., Inc. worth?
- About $9.5M, roughly 4.7× its estimated EBITDA of $2.0M, typical for a crude petroleum extraction company its size. Likely range: $5.0M–$13.0M.
- How many employees does Resources Operating Co., Inc. have?
- About 2, as reported on its PPP loan.