Shepherd Oil Company, LLC
How we got $11.7M
Based on its 81 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 23 years (since 2003)
- Founder still runs it after 23 years
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 26% 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
▲ 42% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 81 | $24.3M |
| 2020 | Form 5500 | 97 | $29.1M |
| 2021 | Form 5500 | 85 | $25.5M |
| 2022 | Form 5500 | 105 | $31.5M |
| 2023 | Form 5500 | 115 | $34.5M |
| 2024 | Form 5500 | 115 | $34.5M |
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 |
|---|---|---|
| SHEPHERD OIL COMPANY, LLC this business | $61.7M | — |
| SULESHWARI INC. Blackwell · 3 employees | $2.8M | 2.1 mi |
| KELLE OIL COMPANY LLC Braman · 18 employees | $17.2M | 10.2 mi |
| SNG LLC Ponca City · 9 employees | $6.2M | 13.4 mi |
| T.T.&T OIL CO., INC Ponca City · 50 employees | $21.0M | 15.0 mi |
| TOTAL TECH 24, INC. Ponca City · 4 employees | $3.7M | 15.1 mi |
| SPOTLIGHT, LLC Lamont · 4 employees | $4.6M | 16.6 mi |
The full calculation
| Employees reported to the SBA | 81 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $47.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $61.2M |
| Estimate: the two combined (geometric mean) | $61.7M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $2.7M |
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 | $11.7M |
| Multiple for this size and industry | 4.4× |
| Value range | $6.1M – $16.0M |
| Revenue range | $40.6M – $70.4M |
| EBITDA range | $1.7M – $3.0M |
| Industry (NAICS) | Retail Trade (447110) |
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: approximate sector default. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Leadership
- LJLinda J. ShepherdSigned for the company · 2024 retirement-plan filing (Form 5500)
Advisors
- AccountingKpm CPAS, PCAudits its 401(k) plan (2021 filing)
- BankingRCB 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
| RCB Bank PPP 2020, PPP 2021 | All 1,690 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 | $517K | 80 |
| 1/21/2021 | second | $527K | 81 |
2 locations
| 1831 SOUTH MAIN ST | Blackwell | This listing |
| 2496 Charles Page Blvd | Tulsa | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Shepherd Oil Company, LLC
Shepherd Oil Company, LLC is a retail trade company in Blackwell, Oklahoma, in business since 2003. It is owned by Robert F. Shepherd (Founder). Its estimated annual revenue is about $61.7M, with roughly $2.7M of EBITDA. It has about 115 employees. Its estimated business value is $11.7M (likely range $6.1M–$16.0M). It has 2 locations.
Common questions
- Who owns Shepherd Oil Company, LLC?
- Shepherd Oil Company, LLC is owned by Robert F. Shepherd (Founder), according to public sources such as the company's website or filings.
- How much revenue does Shepherd Oil Company, LLC make?
- SeeBITDA estimates Shepherd Oil Company, LLC's annual revenue at about $61.7M (likely between $40.6M and $70.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Shepherd Oil Company, LLC worth?
- About $11.7M, roughly 4.4× its estimated EBITDA of $2.7M, typical for a retail trade company its size. Likely range: $6.1M–$16.0M.
- How many employees does Shepherd Oil Company, LLC have?
- About 115, from its 2024 retirement-plan filing.
- When was Shepherd Oil Company, LLC founded?
- Shepherd Oil Company, LLC has been in business since 2003.