Teocalli Exploration LLC
How we got $96.3M
Based on its 22 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 50% since 2023 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 23% since 2021Today'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
▲ 123% since 2021Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2021 | PPP loan | 22 | $73.0M |
| 2022 | Form 5500 | 77 | $255.3M |
| 2023 | Form 5500 | 98 | $325.0M |
| 2024 | Form 5500 | 94 | $311.7M |
| 2025 | Form 5500 | 49 | $162.5M |
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 |
|---|---|---|
| TEOCALLI EXPLORATION LLC this business | $66.2M | — |
| BEASLEY OIL COMPANY Oklahoma City · 9 employees | $41.8M | 0.7 mi |
| MOON ROYALTY, LLC Oklahoma City · 4 employees | $14.1M | 0.8 mi |
| WBW MINERAL ACQUISITION INC Oklahoma City · 1 employees | $4.6M | 0.8 mi |
| WBW MINERAL ACQUISITIONS INC. Oklahoma City · 1 employees | $4.6M | 0.8 mi |
| PRENTICE, NAPIER & GREEN, INC. Oklahoma City · 4 employees | $15.8M | 0.8 mi |
| PRENTICE NAPIER & GREEN INC. Oklahoma City · 4 employees | $14.5M | 0.8 mi |
The full calculation
| Employees reported to the SBA | 22 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $86.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $39.1M |
| Estimate: the two combined (geometric mean) | $66.2M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $15.0M |
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 | $96.3M |
| Multiple for this size and industry | 6.4× |
| Value range | $50.7M – $131.7M |
| Revenue range | $43.5M – $75.5M |
| EBITDA range | $9.9M – $17.1M |
| Industry (NAICS) | Crude Petroleum Extraction (211120) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
Leadership
- BKBarry K. BollenbachSigned for the company · 2023 retirement-plan filing (Form 5500)
Advisors
- BankingF & M 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
| F & M Bank PPP 2021 | All 379 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 1/23/2021 | second | $206K | 22 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Teocalli Exploration LLC
Teocalli Exploration LLC is a crude petroleum extraction company in Oklahoma City, Oklahoma, in business since 2021. Its estimated annual revenue is about $66.2M, with roughly $15.0M of EBITDA. It has about 49 employees. Its estimated business value is $96.3M (likely range $50.7M–$131.7M).
Common questions
- Who owns Teocalli Exploration LLC?
- The owner of Teocalli Exploration 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 Teocalli Exploration LLC make?
- SeeBITDA estimates Teocalli Exploration LLC's annual revenue at about $66.2M (likely between $43.5M and $75.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Teocalli Exploration LLC worth?
- About $96.3M, roughly 6.4× its estimated EBITDA of $15.0M, typical for a crude petroleum extraction company its size. Likely range: $50.7M–$131.7M.
- How many employees does Teocalli Exploration LLC have?
- About 49, from its 2025 retirement-plan filing.
- When was Teocalli Exploration LLC founded?
- Teocalli Exploration LLC has been in business since 2021.