Sikes Oil Company Inc
How we got $343K
Based on its 2 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SIKES OIL COMPANY INC this business | $511K | — |
| ALLIGATOR ROCK WELL SERVICE LLC Velma · 3 employees | $814K | 0.3 mi |
| ALLRED SERVICES INC Velma · 7 employees | $2.5M | 0.4 mi |
| POORBOY WELL SERVICE, L.L.C. Velma · 22 employees | $4.7M | 0.5 mi |
| JOSHUA BARTLING Velma · 2 employees | $568K | 0.5 mi |
| DULWORTH VACUUM TRUCKS LLC Velma · 2 employees | $411K | 0.6 mi |
| BARTLING PUMPS & SUPPLIES, LLC Velma · 5 employees | $1.2M | 0.6 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $632K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $414K |
| Estimate: the two combined (geometric mean) | $511K |
| EBITDA margin (industry, adjusted for size) | 34% |
| EBITDA = revenue × margin | $172K |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has fallen 12% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $343K |
| Multiple for this size and industry | 2× |
| Value range | $206K – $536K |
| Revenue range | $383K – $665K |
| EBITDA range | $129K – $223K |
| 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
People & advisors
Advisors
- BankingBank of CommercePPP / 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 Roles are as stated there and may be out of date.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
| Bank of Commerce PPP 2020 | All 308 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/16/2020 | first | $16K | 2 |
About Sikes Oil Company Inc
Sikes Oil Company Inc is an oil & gas company in Velma, Oklahoma. Its estimated annual revenue is about $511K, with roughly $172K of EBITDA. It has about 2 employees. Its estimated business value is $343K (likely range $206K–$536K).
Common questions
- Who owns Sikes Oil Company Inc?
- The owner of Sikes Oil Company 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 Sikes Oil Company Inc make?
- SeeBITDA estimates Sikes Oil Company Inc's annual revenue at about $511K (likely between $383K and $665K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Sikes Oil Company Inc worth?
- About $343K, roughly 2× its estimated EBITDA of $172K, typical for a oil & gas company its size. Likely range: $206K–$536K.
- How many employees does Sikes Oil Company Inc have?
- About 2, as reported on its PPP loan.