Bluewater Energy Services LLC
How we got $5.5M
Based on its 12 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 31% since 2024 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Customers & suppliers
Customers
- U.S. Fish and Wildlife Service · federal contracts $453K
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.
Employees over time
▼ 8% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 12 | $4.3M |
| 2023 | Form 5500 | 14 | $5.0M |
| 2024 | Form 5500 | 16 | $5.8M |
| 2025 | Form 5500 | 11 | $4.0M |
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BLUEWATER ENERGY SERVICES LLC this business | $5.5M | — |
| Solux Power Oklahoma City | $1.5M | 0.3 mi |
| Protechnics Oklahoma City | $1.5M | 0.9 mi |
| APSS, INC Oklahoma City · 10 employees | $4.4M | 1.4 mi |
| Cougar Drilling Solutions Oklahoma City | $1.5M | 1.4 mi |
| ENVIROVAC, LLC Oklahoma City · 2 employees | $974K | 1.4 mi |
| Producers Supply Company Inc Oklahoma City | $1.5M | 1.6 mi |
The full calculation
| Employees reported to the SBA | 12 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.5M |
| Estimate: the two combined (geometric mean) | $5.5M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $1.5M |
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 | $5.5M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.9M – $7.5M |
| Revenue range | $3.6M – $6.3M |
| EBITDA range | $1.0M – $1.7M |
| 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
- BankingPrism 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
| Prism Bank PPP 2020, PPP 2021 | All 131 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $169K | 12 |
| 2/6/2021 | second | $133K | 9 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bluewater Energy Services LLC
Bluewater Energy Services LLC is an oil & gas company in Oklahoma City, Oklahoma, in business since 2014. Its estimated annual revenue is about $5.5M, with roughly $1.5M of EBITDA. It has about 11 employees. Its estimated business value is $5.5M (likely range $2.9M–$7.5M).
Common questions
- Who owns Bluewater Energy Services LLC?
- The owner of Bluewater Energy Services LLC 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 Bluewater Energy Services LLC make?
- SeeBITDA estimates Bluewater Energy Services LLC's annual revenue at about $5.5M (likely between $3.6M and $6.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bluewater Energy Services LLC worth?
- About $5.5M, roughly 3.6× its estimated EBITDA of $1.5M, typical for a oil & gas company its size. Likely range: $2.9M–$7.5M.
- How many employees does Bluewater Energy Services LLC have?
- About 11, from its 2025 retirement-plan filing.
- When was Bluewater Energy Services LLC founded?
- Bluewater Energy Services LLC has been in business since 2014.