Spencer Oil Company LLC
How we got $1.8M
Based on its 5 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SPENCER OIL COMPANY LLC this business | $1.9M | — |
| GRIGGS WELL SERVICE LLC Dewey · 1 employees | $415K | 1.9 mi |
| ENTRANSCO ENERGY LLC Dewey · 9 employees | $4.7M | 2.2 mi |
| Abb Bartlesville | $1.5M | 2.9 mi |
| OIL AND GAS FINANCIAL SERVICES L.L.C. Bartlesville · 1 employees | $583K | 3.0 mi |
| H S FIELD SERVICES Dewey · 22 employees | $7.8M | 3.1 mi |
| TAMRA SHAMBLES Dewey · 21 employees | $9.4M | 3.1 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.4M |
| Estimate: the two combined (geometric mean) | $1.9M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $593K |
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 | $1.8M |
| Multiple for this size and industry | 3× |
| Value range | $936K – $2.4M |
| Revenue range | $1.3M – $2.2M |
| EBITDA range | $390K – $676K |
| 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
People & 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 Roles are as stated there and may be out of date.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 | 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 |
|---|---|---|---|
| 4/27/2020 | first | $36K | 5 |
About Spencer Oil Company LLC
Spencer Oil Company LLC is an oil & gas company in Bartlesville, Oklahoma. Its estimated annual revenue is about $1.9M, with roughly $593K of EBITDA. It has about 5 employees. Its estimated business value is $1.8M (likely range $936K–$2.4M).
Common questions
- Who owns Spencer Oil Company LLC?
- The owner of Spencer Oil Company LLC 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 Spencer Oil Company LLC make?
- SeeBITDA estimates Spencer Oil Company LLC's annual revenue at about $1.9M (likely between $1.3M and $2.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spencer Oil Company LLC worth?
- About $1.8M, roughly 3× its estimated EBITDA of $593K, typical for a oil & gas company its size. Likely range: $936K–$2.4M.
- How many employees does Spencer Oil Company LLC have?
- About 5, as reported on its PPP loan.