Three Sands Oil Inc
How we got $29.0M
Based on 5 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
Estimated value over time
▲ 29% 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
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| THREE SANDS OIL INC this business | $23.2M | — |
| ELKAS DYNASTY LIMITED Glencoe · 1 employees | $3.3M | 15.5 mi |
| DUNIVAN GAS, INC. Morrison · 7 employees | $21.1M | 15.7 mi |
| RED DIRT HEATERS LLC Morrison · 1 employees | $3.6M | 15.7 mi |
| HERITAGE PETROLEUM, INC. Stillwater · 3 employees | $11.2M | 16.8 mi |
| KOPCO, INC Stillwater · 2 employees | $10.0M | 18.1 mi |
| DOUBLE 'S' TANK TRUCKS SERVICE, INC. Garber · 3 employees | $8.3M | 18.8 mi |
The full calculation
| Employees reported to the SBA | 5 |
| Industry revenue per employee | $3.3M |
| Revenue = employees × revenue per employee | $23.2M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $5.3M |
| Cross-check: revenue implied by PPP payroll | $5.1M |
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 | $29.0M |
| Multiple for this size and industry | 5.5× |
| Value range | $13.7M – $41.1M |
| Revenue range | $13.7M – $27.4M |
| EBITDA range | $3.1M – $6.2M |
| 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
History & advisors
Advisors
- BankingExchange Bank and Trust CompanyPPP / 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 Roles are as stated there and may be out of date.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
| Exchange Bank and Trust Company PPP 2020 | All 217 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $27K | 5 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Three Sands Oil Inc
Three Sands Oil Inc is a crude petroleum extraction company in Perry, Oklahoma. It is owned by Harry E Hughes (Contact). Its estimated annual revenue is about $23.2M, with roughly $5.3M of EBITDA. It has about 5 employees. Its estimated business value is $29.0M (likely range $13.7M–$41.1M).
Common questions
- Who owns Three Sands Oil Inc?
- Three Sands Oil Inc is owned by Harry E Hughes (Contact), according to public sources such as the company's website or filings.
- How much revenue does Three Sands Oil Inc make?
- SeeBITDA estimates Three Sands Oil Inc's annual revenue at about $23.2M (likely between $13.7M and $27.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Three Sands Oil Inc worth?
- About $29.0M, roughly 5.5× its estimated EBITDA of $5.3M, typical for a crude petroleum extraction company its size. Likely range: $13.7M–$41.1M.
- How many employees does Three Sands Oil Inc have?
- About 5, as reported on its PPP loan.