SeeBITDAOklahoma

Oklahoma businesses likely to sell

9 businesses in oil & gas in Tulsa show several signs that an owner may be getting ready to sell: decades in business, the founder still running it, no family successor, or a shrinking workforce. Signals, not certainties: a good list to start conversations from.

BusinessEst. revenueEst. valueScore
OKIE CRUDE COMPANY
Tulsa · Drilling Oil and Gas Wells · Owner: Thomas M. Atkinson
  • In business 41 years (since 1985)
  • Founder still runs it after 41 years
$2.1M$2.0M50
Elkhorn Gas Processing
Tulsa · Natural Gas Extraction · Owner: Tom Rinehart
  • In business 46 years (since 1980)
  • Founder still runs it after 46 years
$1.3M$358K50
Viersen Oil Gas
Tulsa · Crude Petroleum Extraction · Owner: A. A. Viersen
  • In business 105 years (since 1921)
  • Founder still runs it after 105 years
$1.3M$358K50
NEW DOMINION LLC
Tulsa · Crude Petroleum Extraction · Owner: Kevin A. Easley
  • In business 28 years (since 1998)
  • No family successor named on its website
  • Headcount down 21% since 2022 (retirement plan filings)
$27.7M$34.6M47
Unit Corporation
Tulsa · Crude Petroleum Extraction · Owner: Alan Carr
  • In business 30 years (since 1996)
  • No family successor named on its website
  • Headcount down 59% since 2021 (retirement plan filings)
$1.5M$1.3M47
CEJA CORPORATION
Tulsa · Crude Petroleum Extraction · Owner: Greg Oliphant
  • In business 60 years (since 1966)
  • Headcount down 36% since 2020 (retirement plan filings)
$32.6M$40.7M45
Welltec
Tulsa · Support Activities for Oil and Gas Operations · Owner: Jørgen Hallundbæk
  • In business 32 years (since 1994)
  • Founder still runs it after 32 years
$1.5M$1.2M42
NSI TECHNOLOGIES, LLC
Tulsa · Pipeline Transportation of Natural Gas · Owner: Dr. Dante Guerra
  • In business 42 years (since 1984)
  • No family successor named on its website
$9.0M$7.3M40
Crowley Oil & Manufacturer Co.
Tulsa · Support Activities for Oil and Gas Operations · Owner: Tom Crowley
  • In business 134 years (since 1892)
  • No family successor named on its website
$1.5M$1.2M40

How the score works

Points for years in business (15, 25 and 40+ years), a founder still in charge after 20 years, no family member on the team after 25 years, and a headcount down 20% or more on recent retirement-plan filings. Points come off for family already in the business and for a recent sale or investment. Businesses scoring 40+ are listed. Founding years come from public records and the company's own website; see the methodology.