Calvin Mays Oilfield Services, Inc
How we got $9.5M
Based on its 17 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Signs of a sale Some signs of a sale
- In business 34 years (since 1992)
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 |
|---|---|---|
| CALVIN MAYS OILFIELD SERVICES, INC this business | $7.8M | — |
| LOTUS MINERALS LLC Guthrie · 1 employees | $604K | 5.6 mi |
| MELVIN RAY CYPHERS Guthrie · 1 employees | $501K | 6.0 mi |
| PINTAIL OILFIELD SERVICES, LLC Guthrie · 4 employees | $1.3M | 6.2 mi |
| OBRIEN OIL CORPORATION Guthrie · 4 employees | $1.5M | 6.4 mi |
| ALTUREX, LLC Guthrie · 15 employees | $6.0M | 6.5 mi |
| S & T OILFIELD SERVICES LLP Guthrie · 18 employees | $8.8M | 6.8 mi |
The full calculation
| Employees reported to the SBA | 17 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.8M |
| Estimate: the two combined (geometric mean) | $7.8M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $2.2M |
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 | $9.5M |
| Multiple for this size and industry | 4.4× |
| Value range | $5.0M – $13.0M |
| Revenue range | $5.1M – $8.9M |
| EBITDA range | $1.4M – $2.5M |
| 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
- BankingF & M 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
| F & M Bank PPP 2020, PPP 2021 | All 379 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $239K | 17 |
| 1/15/2021 | second | $270K | 16 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Calvin Mays Oilfield Services, Inc
Calvin Mays Oilfield Services, Inc is an oil & gas company in Guthrie, Oklahoma, in business since 1992. Its estimated annual revenue is about $7.8M, with roughly $2.2M of EBITDA. It has about 17 employees. Its estimated business value is $9.5M (likely range $5.0M–$13.0M).
Common questions
- Who owns Calvin Mays Oilfield Services, Inc?
- The owner of Calvin Mays Oilfield Services, Inc 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 Calvin Mays Oilfield Services, Inc make?
- SeeBITDA estimates Calvin Mays Oilfield Services, Inc'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 Calvin Mays Oilfield Services, Inc worth?
- About $9.5M, roughly 4.4× its estimated EBITDA of $2.2M, typical for a oil & gas company its size. Likely range: $5.0M–$13.0M.
- How many employees does Calvin Mays Oilfield Services, Inc have?
- About 17, as reported on its PPP loan.
- When was Calvin Mays Oilfield Services, Inc founded?
- Calvin Mays Oilfield Services, Inc has been in business since 1992.