Eddie's Well Service Inc
How we got $1.6M
Based on its 4 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
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| EDDIE'S WELL SERVICE INC this business | $1.6M | — |
| L&B DIAMOND DRILLING LLC Loco · 2 employees | $1.1M | 0.6 mi |
| ALLIGATOR ROCK WELL SERVICE LLC Loco · 3 employees | $1.3M | 1.1 mi |
| 4 SAFETY SOLUTIONS LLC Loco · 1 employees | $427K | 6.2 mi |
| S & W TRANSPORTS INC Velman · 22 employees | $11.3M | 8.3 mi |
| S&W TRANSPORTS INC Duncan · 19 employees | $9.0M | 8.3 mi |
| POWERS OIL AND GAS CONSULTING Loco · 1 employees | $712K | 8.4 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.1M |
| Estimate: the two combined (geometric mean) | $1.6M |
| EBITDA margin (industry, adjusted for size) | 34% |
| EBITDA = revenue × margin | $538K |
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 | $1.6M |
| Multiple for this size and industry | 3× |
| Value range | $850K – $2.2M |
| Revenue range | $1.1M – $1.8M |
| EBITDA range | $354K – $614K |
| 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 National Bank and Trust Company of ArdmorePPP / 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
| First National Bank and Trust Company of Ardmore PPP 2020, PPP 2021 | All 457 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $26K | 3 |
| 1/17/2021 | second | $26K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Eddie's Well Service Inc
Eddie's Well Service Inc is an oil & gas company in Loco, Oklahoma, in business since 2008. Its estimated annual revenue is about $1.6M, with roughly $538K of EBITDA. It has about 4 employees. Its estimated business value is $1.6M (likely range $850K–$2.2M).
Common questions
- Who owns Eddie's Well Service Inc?
- The owner of Eddie's 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 Eddie's Well Service Inc make?
- SeeBITDA estimates Eddie's Well Service Inc's annual revenue at about $1.6M (likely between $1.1M and $1.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Eddie's Well Service Inc worth?
- About $1.6M, roughly 3× its estimated EBITDA of $538K, typical for a oil & gas company its size. Likely range: $850K–$2.2M.
- How many employees does Eddie's Well Service Inc have?
- About 4, as reported on its PPP loan.
- When was Eddie's Well Service Inc founded?
- Eddie's Well Service Inc has been in business since 2008.