Troy Energy E&p LLC
- Tony SayChairman & CEO · Company website
- Koray BakirChief Financial Officer · Company website
How we got $45.7M
Based on its 11 employees and its payroll, both reported for PPP in 2021 and brought up to date.
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
▼ 9% since 2021Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2021 | PPP loan | 11 | $36.5M |
| 2024 | Form 5500 | 19 | $63.0M |
| 2025 | Form 5500 | 10 | $33.2M |
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.
What we know
Signs of a sale Some signs of a sale
- In business 18 years (since 2008)
- Headcount down 47% since 2024 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Troy Energy is an independent, results-driven oil and gas company specializing in acquisition and development, pursuing operated and non-operated onshore acquisitions for its partners.
From the company's website. Industry: Crude Petroleum Extraction.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TROY ENERGY E&P LLC this business | $36.6M | — |
| B.R. POLK, INC. Oklahoma City · 7 employees | $28.7M | 0.4 mi |
| BLAKE PRODUCTION COMPANY, INC. Oklahoma City · 17 employees | $75.2M | 0.4 mi |
| RAYDON EXPLORATION, INC. Oklahoma City · 4 employees | $15.7M | 0.4 mi |
| VEENKER RESOURCES, INC. Oklahoma City · 12 employees | $48.0M | 0.4 mi |
| RED MOUNTAIN ENERGY, LLC Oklahoma City · 13 employees | $67.7M | 0.4 mi |
| JMA ENERGY COMPANY, LLC Oklahoma City · 28 employees | $159.6M | 0.5 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) | $23.9M |
| Estimate: the two combined (geometric mean) | $36.6M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $8.3M |
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 | $45.7M |
| Multiple for this size and industry | 5.5× |
| Value range | $24.0M – $62.5M |
| Revenue range | $24.0M – $41.7M |
| EBITDA range | $5.5M – $9.5M |
| 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
History & advisors
“Koray is co-founder and CFO of Troy Energy and has over 15 years of experience in the oil and gas and commodities marketing industries where he manages the company’s accounting, financing, and reporting functions and coordinates relationships with financial institutions and investors.”
Advisors
- BankingSovereign 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
| Sovereign Bank PPP 2021 | All 304 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/24/2021 | first | $125K | 11 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Troy Energy E&p LLC
Troy Energy E&p LLC is a crude petroleum extraction company in Oklahoma City, Oklahoma, in business since 2008. It is owned by Valerie Mitchell (President). Its estimated annual revenue is about $36.6M, with roughly $8.3M of EBITDA. It has about 10 employees. Its estimated business value is $45.7M (likely range $24.0M–$62.5M).
Common questions
- Who owns Troy Energy E&p LLC?
- Troy Energy E&p LLC is owned by Valerie Mitchell (President), according to public sources such as the company's website or filings.
- How much revenue does Troy Energy E&p LLC make?
- SeeBITDA estimates Troy Energy E&p LLC's annual revenue at about $36.6M (likely between $24.0M and $41.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Troy Energy E&p LLC worth?
- About $45.7M, roughly 5.5× its estimated EBITDA of $8.3M, typical for a crude petroleum extraction company its size. Likely range: $24.0M–$62.5M.
- How many employees does Troy Energy E&p LLC have?
- About 10, from its 2025 retirement-plan filing.
- When was Troy Energy E&p LLC founded?
- Troy Energy E&p LLC has been in business since 2008.