4k Spooling, Banding, Sales & Service
How we got $73.1M
Based on its 14 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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
▲ 29% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 14 | $46.4M |
| 2020 | Form 5500 | 13 | $43.1M |
| 2021 | Form 5500 | 11 | $36.5M |
| 2022 | Form 5500 | 14 | $46.4M |
| 2023 | Form 5500 | 15 | $49.7M |
| 2024 | Form 5500 | 18 | $59.7M |
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.
What we know
Signs of a sale Unlikely to sell soon
- In business 21 years (since 2005)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| 4K SPOOLING, BANDING, SALES & SERVICE this business | $50.3M | — |
| DAVID L GREENE II, LLC Bartlesville · 7 employees | $21.5M | 0.9 mi |
| BISHOP 3B PRODUCTION, LLC Bartlesville · 2 employees | $9.3M | 1.1 mi |
| SKULL CREEK OIL & GAS LLC Bartlesville · 1 employees | $4.6M | 2.5 mi |
| BULLSEYE OPERATING LLC Bartlesville · 10 employees | $44.6M | 2.7 mi |
| WIKEL OIL COMPANY LLC Bartlesville · 1 employees | $3.1M | 2.9 mi |
| ConocoPhillips Bartlesville | $1.1M | 3.0 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $54.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $35.4M |
| Estimate: the two combined (geometric mean) | $50.3M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $11.4M |
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 | $73.1M |
| Multiple for this size and industry | 6.4× |
| Value range | $38.5M – $100.0M |
| Revenue range | $33.1M – $57.3M |
| EBITDA range | $7.5M – $13.0M |
| 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
- BankingStride Bank, National AssociationPPP / 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
| Stride Bank, National Association PPP 2020, PPP 2021 | All 504 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $186K | 14 |
| 1/20/2021 | second | $181K | 11 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About 4k Spooling, Banding, Sales & Service
4k Spooling, Banding, Sales & Service is a crude petroleum extraction company in Bartlesville, Oklahoma, in business since 2005. It is owned by Butch Koster. Its estimated annual revenue is about $50.3M, with roughly $11.4M of EBITDA. It has about 18 employees. Its estimated business value is $73.1M (likely range $38.5M–$100.0M).
Common questions
- Who owns 4k Spooling, Banding, Sales & Service?
- 4k Spooling, Banding, Sales & Service is owned by Butch Koster, according to public sources such as the company's website or filings.
- How much revenue does 4k Spooling, Banding, Sales & Service make?
- SeeBITDA estimates 4k Spooling, Banding, Sales & Service's annual revenue at about $50.3M (likely between $33.1M and $57.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is 4k Spooling, Banding, Sales & Service worth?
- About $73.1M, roughly 6.4× its estimated EBITDA of $11.4M, typical for a crude petroleum extraction company its size. Likely range: $38.5M–$100.0M.
- How many employees does 4k Spooling, Banding, Sales & Service have?
- About 18, from its 2024 retirement-plan filing.
- When was 4k Spooling, Banding, Sales & Service founded?
- 4k Spooling, Banding, Sales & Service has been in business since 2005.