How we got $2.0M
Based on its 4 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 9% 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
▼ 75% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 4 | $1.4M |
| 2024 | Form 5500 | 1 | $361K |
| 2025 | Form 5500 | 1 | $361K |
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 |
|---|---|---|
| WESTENERGY this business | $2.2M | — |
| R.C. TAYLOR COMPANIES Oklahoma City · 4 employees | $2.0M | 0.0 mi |
| R.C.TAYLOR OPERATING COMPANY, LLC Oklahoma City · 2 employees | $959K | 0.0 mi |
| THE PHANENSTIEL COMPANY LLC Oklahoma City · 1 employees | $693K | 0.3 mi |
| BASIN LAND COMPANY Oklahoma City · 4 employees | $3.1M | 0.3 mi |
| OKLAHOMA ENERGY ADVISORS, PLLC Oklahoma City · 1 employees | $653K | 0.5 mi |
| HARRIMAN LAND SERVICES, LLC Oklahoma City · 1 employees | $594K | 0.5 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.0M |
| Estimate: the two combined (geometric mean) | $2.2M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $679K |
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 | $2.0M |
| Multiple for this size and industry | 3× |
| Value range | $1.1M – $2.8M |
| Revenue range | $1.5M – $2.5M |
| EBITDA range | $447K – $774K |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
- BankingBancFirstPPP / 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
| BancFirst PPP 2020, PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $51K | 4 |
| 3/23/2021 | second | $61K | 4 |
About Westenergy
Westenergy is an oil & gas company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $2.2M, with roughly $679K of EBITDA. It has about 1 employees. Its estimated business value is $2.0M (likely range $1.1M–$2.8M).
Common questions
- Who owns Westenergy?
- The owner of Westenergy 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 Westenergy make?
- SeeBITDA estimates Westenergy's annual revenue at about $2.2M (likely between $1.5M and $2.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Westenergy worth?
- About $2.0M, roughly 3× its estimated EBITDA of $679K, typical for a oil & gas company its size. Likely range: $1.1M–$2.8M.
- How many employees does Westenergy have?
- About 1, from its 2025 retirement-plan filing.