Veenker Resources, Inc.
How we got $69.7M
Based on its 12 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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.
Employees over time
▼ 8% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 12 | $39.8M |
| 2020 | Form 5500 | 9 | $29.8M |
| 2021 | Form 5500 | 9 | $29.8M |
| 2022 | Form 5500 | 11 | $36.5M |
| 2023 | Form 5500 | 11 | $36.5M |
| 2024 | Form 5500 | 11 | $36.5M |
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 |
|---|---|---|
| VEENKER RESOURCES, INC. this business | $47.9M | — |
| BLAKE PRODUCTION COMPANY, INC. Oklahoma City · 17 employees | $75.2M | 0.0 mi |
| RAYDON EXPLORATION, INC. Oklahoma City · 4 employees | $15.7M | 0.0 mi |
| RANGER EXPLORATION COMPANY Oklahoma City · 1 employees | $2.8M | 0.2 mi |
| TAILWATER INC. Oklahoma City · 3 employees | $13.9M | 0.3 mi |
| ARBUCKLE MINERAL, L.L.C. Oklahoma City · 9 employees | $28.7M | 0.4 mi |
| TROY ENERGY E&P LLC Oklahoma City · 11 employees | $36.5M | 0.4 mi |
The full calculation
| Employees reported to the SBA | 12 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $47.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $37.6M |
| Estimate: the two combined (geometric mean) | $47.9M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $10.9M |
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 | $69.7M |
| Multiple for this size and industry | 6.4× |
| Value range | $36.7M – $95.4M |
| Revenue range | $31.5M – $54.7M |
| EBITDA range | $7.2M – $12.4M |
| 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
Leadership
- MVMark VeenkerSigned for the company · 2020 retirement-plan filing (Form 5500)
Advisors
- BankingProsperity 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
| Prosperity Bank PPP 2020 | All 748 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $198K | 12 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Veenker Resources, Inc.
Veenker Resources, Inc. is a crude petroleum extraction company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $47.9M, with roughly $10.9M of EBITDA. It has about 11 employees. Its estimated business value is $69.7M (likely range $36.7M–$95.4M).
Common questions
- Who owns Veenker Resources, Inc.?
- The owner of Veenker Resources, Inc. 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 Veenker Resources, Inc. make?
- SeeBITDA estimates Veenker Resources, Inc.'s annual revenue at about $47.9M (likely between $31.5M and $54.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Veenker Resources, Inc. worth?
- About $69.7M, roughly 6.4× its estimated EBITDA of $10.9M, typical for a crude petroleum extraction company its size. Likely range: $36.7M–$95.4M.
- How many employees does Veenker Resources, Inc. have?
- About 11, from its 2024 retirement-plan filing.