How we got $6.0M
Based on its 15 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 |
|---|---|---|
| ALTUREX, LLC this business | $6.0M | — |
| OBRIEN OIL CORPORATION Guthrie · 4 employees | $1.5M | 0.1 mi |
| PINTAIL OILFIELD SERVICES, LLC Guthrie · 4 employees | $1.3M | 0.9 mi |
| O'BRIEN OIL CORPORATION Guthrie · 4 employees | $1.6M | 0.9 mi |
| LOTUS MINERALS LLC Guthrie · 1 employees | $604K | 1.2 mi |
| MELVIN RAY CYPHERS Guthrie · 1 employees | $501K | 1.4 mi |
| S & T OILFIELD SERVICES LLP Guthrie · 18 employees | $8.8M | 2.4 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.3M |
| Estimate: the two combined (geometric mean) | $6.0M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $1.7M |
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 | $6.0M |
| Multiple for this size and industry | 3.6× |
| Value range | $3.2M – $8.2M |
| Revenue range | $4.0M – $6.9M |
| EBITDA range | $1.1M – $1.9M |
| 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 Roles are as stated there and may be out of date.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 7(a) 2025, 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 |
|---|---|---|---|
| 4/7/2020 | first | $162K | 14 |
| 2/5/2021 | second | $180K | 15 |
Public records
| Sep 2025 | 7(a) | $281K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Alturex, LLC
Alturex, LLC is an oil & gas company in Guthrie, Oklahoma, in business since 2015. It is owned by Jason Wells. Its estimated annual revenue is about $6.0M, with roughly $1.7M of EBITDA. It has about 15 employees. Its estimated business value is $6.0M (likely range $3.2M–$8.2M).
Common questions
- Who owns Alturex, LLC?
- Alturex, LLC is owned by Jason Wells, according to public sources such as the company's website or filings.
- How much revenue does Alturex, LLC make?
- SeeBITDA estimates Alturex, LLC's annual revenue at about $6.0M (likely between $4.0M and $6.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Alturex, LLC worth?
- About $6.0M, roughly 3.6× its estimated EBITDA of $1.7M, typical for a oil & gas company its size. Likely range: $3.2M–$8.2M.
- How many employees does Alturex, LLC have?
- About 15, as reported on its PPP loan.
- When was Alturex, LLC founded?
- Alturex, LLC has been in business since 2015.