Diamond Well Service, LLC
How we got $20.7M
Based on its 38 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
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| DIAMOND WELL SERVICE, LLC this business | $20.7M | — |
| DIAMOND HYDRO TESTING & SCANNING Lindsay · 6 employees | $2.6M | 0.0 mi |
| KYBENCO DISPOSALS LLC Lindsay · 25 employees | $13.2M | 0.4 mi |
| SPARTACUS CONSULTING, LLC Lindsay · 1 employees | $712K | 2.6 mi |
| SAGER OILFIELD SERVICES, LLC Lindsay · 1 employees | $596K | 3.3 mi |
| BROWN'S BRUSHHOGGING LLC Lindsay · 3 employees | $1.7M | 3.9 mi |
| JERRY TUCKER ROUSTABOUT RENTALS, LLC Lindsay · 38 employees | $20.3M | 4.8 mi |
The full calculation
| Employees reported to the SBA | 38 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $16.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $19.5M |
| Estimate: the two combined (geometric mean) | $20.7M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $4.7M |
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 | $20.7M |
| Multiple for this size and industry | 4.4× |
| Value range | $10.9M – $28.3M |
| Revenue range | $13.6M – $23.6M |
| EBITDA range | $3.1M – $5.4M |
| 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
- BankingFirst United Bank and Trust Company, American Exchange Bank, Lindsay, OklahomaPPP / 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 Roles are as stated there and may be out of date.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 Exchange Bank, Lindsay, Oklahoma PPP 2021 | All 68 borrowers → |
| First United Bank and Trust Company PPP 2020 | All 2,229 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $552K | 38 |
| 1/19/2021 | second | $306K | 26 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Diamond Well Service, LLC
Diamond Well Service, LLC is an oil & gas company in Lindsay, Oklahoma, in business since 2016. Its estimated annual revenue is about $20.7M, with roughly $4.7M of EBITDA. It has about 38 employees. Its estimated business value is $20.7M (likely range $10.9M–$28.3M).
Common questions
- Who owns Diamond Well Service, LLC?
- The owner of Diamond Well Service, 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 Diamond Well Service, LLC make?
- SeeBITDA estimates Diamond Well Service, LLC's annual revenue at about $20.7M (likely between $13.6M and $23.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Diamond Well Service, LLC worth?
- About $20.7M, roughly 4.4× its estimated EBITDA of $4.7M, typical for a oil & gas company its size. Likely range: $10.9M–$28.3M.
- How many employees does Diamond Well Service, LLC have?
- About 38, as reported on its PPP loan.
- When was Diamond Well Service, LLC founded?
- Diamond Well Service, LLC has been in business since 2016.