Rox Exploration, Inc.
- Adam OxsenVice President Finance · Company website
- Mark OxsenVice President Engineering & Operations · Company website
- Kevin OxsenVice President Land · Company website
How we got $22.4M
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 Some signs of a sale
- In business 37 years (since 1989)
- Founder still runs it after 37 years
- Family in the business (Adam Oxsen, Vice President Finance)
From public records and the company's website, not a statement that it's for sale.
What they do
ROX Exploration, Inc. is a family-owned, independent company focused on exploration, development, and production of oil and natural gas assets. It drills and operates oil and gas properties across Oklahoma.
From the company's website. Industry: Natural Gas Extraction.
Estimated value over time
▲ 31% 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 |
|---|---|---|
| ROX EXPLORATION, INC. this business | $21.0M | — |
| BLUE STAR GAS CORP Norman · 24 employees | $105.4M | 0.2 mi |
| KMV LAND, LLC Norman · 1 employees | $4.1M | 0.7 mi |
| ARROW OIL AND GAS LLC Norman · 13 employees | $37.7M | 1.6 mi |
| WEGO PERFORATORS INC Norman · 3 employees | $11.9M | 1.6 mi |
| GLA, INC. Norman · 4 employees | $18.5M | 1.7 mi |
| ENERGETIC SYSTEMS, INC. LLC Norman | $72.9M | 1.7 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $24.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $14.0M |
| Estimate: the two combined (geometric mean) | $21.0M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $4.8M |
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 | $22.4M |
| Multiple for this size and industry | 4.7× |
| Value range | $11.8M – $30.7M |
| Revenue range | $13.8M – $24.0M |
| EBITDA range | $3.1M – $5.4M |
| Industry (NAICS) | Natural Gas Extraction (211130) |
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
- BankingInternational Bank of CommercePPP / 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
| International Bank of Commerce PPP 2020, PPP 2021 | All 442 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $60K | 5 |
| 1/20/2021 | second | $60K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Rox Exploration, Inc.
Rox Exploration, Inc. is a family-owned natural gas extraction company in Norman, Oklahoma, in business since 1989. It is owned by Russell Oxsen (President & Founder). Its estimated annual revenue is about $21.0M, with roughly $4.8M of EBITDA. It has about 5 employees. Its estimated business value is $22.4M (likely range $11.8M–$30.7M).
Common questions
- Who owns Rox Exploration, Inc.?
- Rox Exploration, Inc. is owned by Russell Oxsen (President & Founder), according to public sources such as the company's website or filings.
- How much revenue does Rox Exploration, Inc. make?
- SeeBITDA estimates Rox Exploration, Inc.'s annual revenue at about $21.0M (likely between $13.8M and $24.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rox Exploration, Inc. worth?
- About $22.4M, roughly 4.7× its estimated EBITDA of $4.8M, typical for a natural gas extraction company its size. Likely range: $11.8M–$30.7M.
- How many employees does Rox Exploration, Inc. have?
- About 5, as reported on its PPP loan.
- When was Rox Exploration, Inc. founded?
- Rox Exploration, Inc. has been in business since 1989.