Tartan Petroleum Ltd LLP
How we got $7.2M
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
▲ 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 |
|---|---|---|
| TARTAN PETROLEUM LTD LLP this business | $7.8M | — |
| REDWOOD ENERGY PARTNERS, LLC Guthrie · 2 employees | $11.0M | 1.7 mi |
| SLOAN PETROLEUM SERVICES INC. Guthrie · 1 employees | $4.6M | 7.7 mi |
| MICHAEL GREEN AND ASSOCIATES INC Crescent · 2 employees | $9.3M | 9.3 mi |
| CK ENERGY SERVICES LLC Edmond · 1 employees | $4.5M | 9.4 mi |
| CODE BLUE ELECTRIC SEVICES LLC Guthrie · 4 employees | $13.5M | 9.6 mi |
| RUSSELL OIL INC. Edmond · 4 employees | $12.9M | 9.9 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.9M |
| Estimate: the two combined (geometric mean) | $7.8M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $1.9M |
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 | $7.2M |
| Multiple for this size and industry | 3.8× |
| Value range | $3.8M – $9.9M |
| Revenue range | $5.1M – $8.9M |
| EBITDA range | $1.2M – $2.2M |
| 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
Advisors
- BankingRCB 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 Roles are as stated there and may be out of date.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
| RCB Bank PPP 2020 | All 1,690 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $31K | 2 |
About Tartan Petroleum Ltd LLP
Tartan Petroleum Ltd LLP is a crude petroleum extraction company in Guthrie, Oklahoma. Its estimated annual revenue is about $7.8M, with roughly $1.9M of EBITDA. It has about 2 employees. Its estimated business value is $7.2M (likely range $3.8M–$9.9M).
Common questions
- Who owns Tartan Petroleum Ltd LLP?
- The owner of Tartan Petroleum Ltd LLP 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 Tartan Petroleum Ltd LLP make?
- SeeBITDA estimates Tartan Petroleum Ltd LLP's annual revenue at about $7.8M (likely between $5.1M and $8.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tartan Petroleum Ltd LLP worth?
- About $7.2M, roughly 3.8× its estimated EBITDA of $1.9M, typical for a crude petroleum extraction company its size. Likely range: $3.8M–$9.9M.
- How many employees does Tartan Petroleum Ltd LLP have?
- About 2, as reported on its PPP loan.