Durango Services, Inc.
How we got $28.9M
Based on its 35 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 28 years (since 1998)
From public records and the company's website, not a statement that it's for sale.
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 |
|---|---|---|
| DURANGO SERVICES, INC. this business | $24.4M | — |
| NORTH STAR WELL SERVICES INC Woodward · 23 employees | $15.0M | 0.0 mi |
| THI WIREROPE, LLC Woodward · 4 employees | $2.7M | 0.1 mi |
| ATLAS DRILLING, LLC Woodward · 56 employees | $30.2M | 0.2 mi |
| EDGE SERVICES, INC. Woodward · 101 employees | $41.2M | 0.2 mi |
| NORTH STAR Woodward · 34 employees | $20.3M | 0.2 mi |
| CASE WIRELINE SERVICES INC. Woodward · 25 employees | $13.1M | 0.2 mi |
The full calculation
| Employees reported to the SBA | 35 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $15.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $29.5M |
| Estimate: the two combined (geometric mean) | $24.4M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $5.6M |
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 | $28.9M |
| Multiple for this size and industry | 5.2× |
| Value range | $15.2M – $39.5M |
| Revenue range | $16.1M – $27.9M |
| EBITDA range | $3.7M – $6.3M |
| 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
- BankingBancCentral, National AssociationPPP / 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
| BancCentral, National Association PPP 2020, PPP 2021 | All 152 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 | $836K | 35 |
| 2/17/2021 | second | $666K | 28 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Durango Services, Inc.
Durango Services, Inc. is an oil & gas company in Woodward, Oklahoma, in business since 1998. It is owned by Greg Jeter. Its estimated annual revenue is about $24.4M, with roughly $5.6M of EBITDA. It has about 35 employees. Its estimated business value is $28.9M (likely range $15.2M–$39.5M).
Common questions
- Who owns Durango Services, Inc.?
- Durango Services, Inc. is owned by Greg Jeter, according to public sources such as the company's website or filings.
- How much revenue does Durango Services, Inc. make?
- SeeBITDA estimates Durango Services, Inc.'s annual revenue at about $24.4M (likely between $16.1M and $27.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Durango Services, Inc. worth?
- About $28.9M, roughly 5.2× its estimated EBITDA of $5.6M, typical for a oil & gas company its size. Likely range: $15.2M–$39.5M.
- How many employees does Durango Services, Inc. have?
- About 35, as reported on its PPP loan.
- When was Durango Services, Inc. founded?
- Durango Services, Inc. has been in business since 1998.