Toklan Oil and Gas Corporation
How we got $77.5M
Based on its 11 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- Acquired by Vega Upstream JV, LLC (2026)
From public records and the company's website, not a statement that it's for sale.
Ownership & transactions
- Acquired by Vega Upstream JV, LLC · Sep 2026Vega Upstream JV, LLC completed its $15 million acquisition of Tulsa-based Toklan Oil and Gas Corporation and affiliated companies, including 28 producing wells.Source
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TOKLAN OIL AND GAS CORPORATION this business | $53.3M | — |
| THOMAS EXPLORATION COMPANY Tulsa · 2 employees | $9.3M | 0.3 mi |
| TIDEWATER PETROLEUM CORPORATION Tulsa · 3 employees | $9.3M | 0.3 mi |
| KANTOR OIL COMPANY LLC Tulsa · 2 employees | $6.3M | 0.5 mi |
| COMPASS PRODUCTION SERVICES LLC Tulsa · 41 employees | $228.8M | 0.6 mi |
| MAKEFIELD OIL COMPANY Tulsa · 2 employees | $10.0M | 0.6 mi |
| FRANCIS OIL & GAS, INC. Tulsa · 2 employees | $9.7M | 0.7 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $43.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $50.7M |
| Estimate: the two combined (geometric mean) | $53.3M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $12.1M |
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 | $77.5M |
| Multiple for this size and industry | 6.4× |
| Value range | $40.8M – $106.0M |
| Revenue range | $35.0M – $60.7M |
| EBITDA range | $8.0M – $13.8M |
| Industry (NAICS) | Crude Petroleum Extraction (211120) |
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
- BankingCommerce 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
| Commerce Bank PPP 2020, PPP 2021 | All 113 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $267K | 11 |
| 2/4/2021 | second | $236K | 9 |
About Toklan Oil and Gas Corporation
Toklan Oil and Gas Corporation is a crude petroleum extraction company in Tulsa, Oklahoma. Its estimated annual revenue is about $53.3M, with roughly $12.1M of EBITDA. It has about 11 employees. Its estimated business value is $77.5M (likely range $40.8M–$106.0M).
Common questions
- Who owns Toklan Oil and Gas Corporation?
- The owner of Toklan Oil and Gas Corporation 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 Toklan Oil and Gas Corporation make?
- SeeBITDA estimates Toklan Oil and Gas Corporation's annual revenue at about $53.3M (likely between $35.0M and $60.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Toklan Oil and Gas Corporation worth?
- About $77.5M, roughly 6.4× its estimated EBITDA of $12.1M, typical for a crude petroleum extraction company its size. Likely range: $40.8M–$106.0M.
- How many employees does Toklan Oil and Gas Corporation have?
- About 11, as reported on its PPP loan.