Canyon Oilfield Services, LLC
How we got $34.1M
Based on its 51 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 26 years (since 2000)
From public records and the company's website, not a statement that it's for sale.
What they do
Canyon Oilfield Services, LLC is an oilfield services company in Elk City, Oklahoma, offering gas conditioning, roustabout crews, trucking, vacuum truck work, meter services and contract pumping to oilfield operators.
From the company's website. Industry: Oil & gas.
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
▲ 63% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 51 | $18.4M |
| 2020 | Form 5500 | 41 | $14.8M |
| 2021 | Form 5500 | 41 | $14.8M |
| 2022 | Form 5500 | 48 | $17.3M |
| 2023 | Form 5500 | 60 | $21.6M |
| 2024 | Form 5500 | 78 | $28.1M |
| 2025 | Form 5500 | 83 | $29.9M |
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 |
|---|---|---|
| CANYON OILFIELD SERVICES, LLC this business | $28.9M | — |
| C&C SALVAGE, LLC Elk City · 30 employees | $12.4M | 0.3 mi |
| SMART OILFIELD SOLUTIONS, LLC Elk City · 13 employees | $5.8M | 0.3 mi |
| ASCEND CONSULTING, LLC Elk City · 1 employees | $711K | 1.3 mi |
| SUPERIOR CONSULTING LLC Elk City · 1 employees | $711K | 1.6 mi |
| CALAWAY FLOWING, LLC. Elk City · 1 employees | $523K | 1.8 mi |
| MONSTER SERVICES, LLC Elk City · 30 employees | $19.7M | 2.0 mi |
The full calculation
| Employees reported to the SBA | 51 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $22.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $28.3M |
| Estimate: the two combined (geometric mean) | $28.9M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $6.6M |
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 | $34.1M |
| Multiple for this size and industry | 5.2× |
| Value range | $17.9M – $46.7M |
| Revenue range | $19.0M – $32.9M |
| EBITDA range | $4.3M – $7.5M |
| 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
People & advisors
Advisors
- BankingLegacy 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
| Legacy Bank PPP 2020, PPP 2021 | All 727 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $800K | 46 |
| 1/19/2021 | second | $1.0M | 51 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Canyon Oilfield Services, LLC
Canyon Oilfield Services, LLC is an oil & gas company in Elk City, Oklahoma, in business since 2000. It is owned by Michael Sloan (Owner and Operations Manager). Its estimated annual revenue is about $28.9M, with roughly $6.6M of EBITDA. It has about 83 employees. Its estimated business value is $34.1M (likely range $17.9M–$46.7M).
Common questions
- Who owns Canyon Oilfield Services, LLC?
- Canyon Oilfield Services, LLC is owned by Michael Sloan (Owner and Operations Manager), according to public sources such as the company's website or filings.
- How much revenue does Canyon Oilfield Services, LLC make?
- SeeBITDA estimates Canyon Oilfield Services, LLC's annual revenue at about $28.9M (likely between $19.0M and $32.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Canyon Oilfield Services, LLC worth?
- About $34.1M, roughly 5.2× its estimated EBITDA of $6.6M, typical for a oil & gas company its size. Likely range: $17.9M–$46.7M.
- How many employees does Canyon Oilfield Services, LLC have?
- About 83, from its 2025 retirement-plan filing.
- When was Canyon Oilfield Services, LLC founded?
- Canyon Oilfield Services, LLC has been in business since 2000.