Cornelius Well Service, Inc.
How we got $2.5M
Based on its 6 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
- In business 18 years (since 2008)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 5% 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 |
|---|---|---|
| CORNELIUS WELL SERVICE, INC. this business | $2.7M | — |
| RICK PULLIAM OIL & GAS, INC. Bristow · 1 employees | $557K | 4.3 mi |
| BRISTOW HOT OIL & STEAM SERVICE Bristow · 2 employees | $624K | 6.7 mi |
| DANNY'S OILFIELD SERVICES, INC. Bristow · 1 employees | $355K | 8.4 mi |
| VICTORY WELL SOLUTIONS LLC Bristow · 2 employees | $1.4M | 8.7 mi |
| DUNLAP OIL COMPANY Bristow · 4 employees | $1.8M | 8.8 mi |
| DUNLAP WELL SERVICE, INC. Bristow · 1 employees | $512K | 8.8 mi |
The full calculation
| Employees reported to the SBA | 6 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.3M |
| Estimate: the two combined (geometric mean) | $2.7M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $831K |
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 | $2.5M |
| Multiple for this size and industry | 3× |
| Value range | $1.3M – $3.4M |
| Revenue range | $1.8M – $3.1M |
| EBITDA range | $547K – $947K |
| Industry (NAICS) | Drilling Oil and Gas Wells (213111) |
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
- BankingAmerican Heritage 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
| American Heritage Bank PPP 2020 | All 446 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 | $59K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cornelius Well Service, Inc.
Cornelius Well Service, Inc. is an oil & gas company in Kellyville, Oklahoma, in business since 2008. Its estimated annual revenue is about $2.7M, with roughly $831K of EBITDA. It has about 6 employees. Its estimated business value is $2.5M (likely range $1.3M–$3.4M).
Common questions
- Who owns Cornelius Well Service, Inc.?
- The owner of Cornelius Well Service, 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 Cornelius Well Service, Inc. make?
- SeeBITDA estimates Cornelius Well Service, Inc.'s annual revenue at about $2.7M (likely between $1.8M and $3.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cornelius Well Service, Inc. worth?
- About $2.5M, roughly 3× its estimated EBITDA of $831K, typical for a oil & gas company its size. Likely range: $1.3M–$3.4M.
- How many employees does Cornelius Well Service, Inc. have?
- About 6, as reported on its PPP loan.
- When was Cornelius Well Service, Inc. founded?
- Cornelius Well Service, Inc. has been in business since 2008.