Richland Resources Corporation
How we got $31.5M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Signs of a sale Some signs of a sale
- In business 26 years (since 2000)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| RICHLAND RESOURCES CORPORATION this business | $25.2M | — |
| ANTELOPE OIL & GAS LLC Oklahoma City · 2 employees | $9.0M | 0.0 mi |
| RESOURCE OIL AND GAS, LLC Oklahoma City · 23 employees | $100.2M | 0.1 mi |
| NORVILLE OIL CO., LLC Oklahoma City · 5 employees | $21.7M | 0.1 mi |
| JEC OPERATING, L.L.C. Oklahoma City · 2 employees | $7.6M | 0.1 mi |
| MUSTANG FUEL CORPORATION Oklahoma City · 143 employees | $708.4M | 0.6 mi |
| GARRETT AND COMPANY RESOURCES, LLC Oklahoma City | $95.3M | 1.8 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $23.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $20.8M |
| Estimate: the two combined (geometric mean) | $25.2M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $5.7M |
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 | $31.5M |
| Multiple for this size and industry | 5.5× |
| Value range | $16.6M – $43.1M |
| Revenue range | $16.6M – $28.8M |
| EBITDA range | $3.8M – $6.5M |
| 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
- BankingArvest 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
| Arvest Bank PPP 2020, PPP 2021 | All 5,114 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 | $110K | 6 |
| 1/27/2021 | second | $110K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Richland Resources Corporation
Richland Resources Corporation is a crude petroleum extraction company in Oklahoma City, Oklahoma, in business since 2000. Its estimated annual revenue is about $25.2M, with roughly $5.7M of EBITDA. It has about 6 employees. Its estimated business value is $31.5M (likely range $16.6M–$43.1M).
Common questions
- Who owns Richland Resources Corporation?
- The owner of Richland Resources Corporation 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 Richland Resources Corporation make?
- SeeBITDA estimates Richland Resources Corporation's annual revenue at about $25.2M (likely between $16.6M and $28.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Richland Resources Corporation worth?
- About $31.5M, roughly 5.5× its estimated EBITDA of $5.7M, typical for a crude petroleum extraction company its size. Likely range: $16.6M–$43.1M.
- How many employees does Richland Resources Corporation have?
- About 6, as reported on its PPP loan.
- When was Richland Resources Corporation founded?
- Richland Resources Corporation has been in business since 2000.