Rumley Oil & Gas Inc.
How we got $2.5M
Based on its 6 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 5% 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 25 years (since 2001)
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 |
|---|---|---|
| RUMLEY OIL & GAS INC. this business | $2.8M | — |
| DM PRODUCTION SERVICES LLC Pocasset · 1 employees | $917K | 8.2 mi |
| H&H CONSULTING AND INVESTMENTS, LLC Union City · 2 employees | $1.3M | 13.1 mi |
| CHENOWETH OILFIELD SERVICES, LLC Binger · 1 employees | $604K | 13.3 mi |
| GARRISON BROTHERS OILFIELD SERVICES, INC. Hinton · 28 employees | $14.8M | 14.2 mi |
| SUPERIOR WATER SOLUTIONS, LLC Hinton · 4 employees | $2.4M | 15.4 mi |
| BEST OILFIELD SERVICE, INC El Reno · 38 employees | $22.2M | 15.9 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.3M |
| Estimate: the two combined (geometric mean) | $2.8M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $840K |
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 | $2.5M |
| Multiple for this size and industry | 3× |
| Value range | $1.3M – $3.4M |
| Revenue range | $1.8M – $3.2M |
| EBITDA range | $552K – $957K |
| Industry (NAICS) | Drilling Oil and Gas Wells (213111) |
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
- BankingBank 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
| Bank of Commerce PPP 2020, PPP 2021 | All 308 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $60K | 5 |
| 2/19/2021 | second | $87K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Rumley Oil & Gas Inc.
Rumley Oil & Gas Inc. is an oil & gas company in Minco, Oklahoma, in business since 2001. Its estimated annual revenue is about $2.8M, with roughly $840K of EBITDA. It has about 6 employees. Its estimated business value is $2.5M (likely range $1.3M–$3.4M).
Common questions
- Who owns Rumley Oil & Gas Inc.?
- The owner of Rumley Oil & Gas 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 Rumley Oil & Gas Inc. make?
- SeeBITDA estimates Rumley Oil & Gas Inc.'s annual revenue at about $2.8M (likely between $1.8M and $3.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rumley Oil & Gas Inc. worth?
- About $2.5M, roughly 3× its estimated EBITDA of $840K, typical for a oil & gas company its size. Likely range: $1.3M–$3.4M.
- How many employees does Rumley Oil & Gas Inc. have?
- About 6, as reported on its PPP loan.
- When was Rumley Oil & Gas Inc. founded?
- Rumley Oil & Gas Inc. has been in business since 2001.