Double R Oilfield Services LLC
How we got $3.7M
Based on its 9 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| DOUBLE R OILFIELD SERVICES LLC this business | $3.4M | — |
| J-B OILFIELD SERVICES, LLC Lamont · 16 employees | $7.4M | 0.0 mi |
| DARLING OIL CORPORATION Lamont · 9 employees | $4.7M | 0.2 mi |
| DAN D DRILLING CORP. Lamont · 32 employees | $21.4M | 0.2 mi |
| MENDENHALL DRILLING, INC. Lamont · 17 employees | $7.3M | 0.4 mi |
| 3D WELL SERVICE, INC. Lamont · 16 employees | $5.2M | 2.4 mi |
| DEM OPERATIONS, INC. Lamont · 3 employees | $1.4M | 2.8 mi |
The full calculation
| Employees reported to the SBA | 9 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.5M |
| Estimate: the two combined (geometric mean) | $3.4M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $1.0M |
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 | $3.7M |
| Multiple for this size and industry | 3.6× |
| Value range | $1.9M – $5.0M |
| Revenue range | $2.2M – $3.8M |
| EBITDA range | $672K – $1.2M |
| 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
- BankingThe State Exchange 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 Roles are as stated there and may be out of date.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
| The State Exchange Bank PPP 2020, PPP 2021 | All 52 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $68K | 9 |
| 3/18/2021 | second | $64K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Double R Oilfield Services LLC
Double R Oilfield Services LLC is an oil & gas company in Lamont, Oklahoma, in business since 2017. Its estimated annual revenue is about $3.4M, with roughly $1.0M of EBITDA. It has about 9 employees. Its estimated business value is $3.7M (likely range $1.9M–$5.0M).
Common questions
- Who owns Double R Oilfield Services LLC?
- The owner of Double R Oilfield 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 Double R Oilfield Services LLC make?
- SeeBITDA estimates Double R Oilfield Services LLC's annual revenue at about $3.4M (likely between $2.2M and $3.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Double R Oilfield Services LLC worth?
- About $3.7M, roughly 3.6× its estimated EBITDA of $1.0M, typical for a oil & gas company its size. Likely range: $1.9M–$5.0M.
- How many employees does Double R Oilfield Services LLC have?
- About 9, as reported on its PPP loan.
- When was Double R Oilfield Services LLC founded?
- Double R Oilfield Services LLC has been in business since 2017.