Edge Services, Inc.
How we got $48.7M
Based on its 101 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.
What they do
Edge Services, Inc. is an oil field drilling company in Woodward, OK, offering conductor, preset surface casing and drilling services for oil field drilling needs.
From the company's website. Industry: Oil & gas.
Customers & suppliers
Suppliers & brands
- CZM EK125 conductor drill rigs · brand it sells or installs
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.
Employees over time
▲ 24% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 101 | $33.3M |
| 2021 | Form 5500 | 80 | $26.4M |
| 2022 | Form 5500 | 128 | $42.2M |
| 2023 | Form 5500 | 109 | $35.9M |
| 2024 | Form 5500 | 95 | $31.3M |
| 2025 | Form 5500 | 125 | $41.2M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| EDGE SERVICES, INC. this business | $41.2M | — |
| THI WIREROPE, LLC Woodward · 4 employees | $2.7M | 0.0 mi |
| DURANGO SERVICES, INC. Woodward · 35 employees | $24.4M | 0.2 mi |
| NORTH STAR WELL SERVICES INC Woodward · 23 employees | $15.0M | 0.2 mi |
| NORTH STAR Woodward · 34 employees | $20.3M | 0.2 mi |
| ATLAS DRILLING, LLC Woodward · 56 employees | $30.2M | 0.2 mi |
| WILDCAT DRILLING SERVICES INC. Woodward · 12 employees | $6.6M | 0.3 mi |
The full calculation
| Employees reported to the SBA | 101 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $39.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $33.3M |
| Estimate: the two combined (geometric mean) | $41.2M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $9.4M |
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 | $48.7M |
| Multiple for this size and industry | 5.2× |
| Value range | $25.6M – $66.6M |
| Revenue range | $27.1M – $47.0M |
| EBITDA range | $6.2M – $10.7M |
| 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
“Headquartered in Woodward, Oklahoma with a satellite yard in Marshall, TX, Edge Services was founded in 2008 on the belief that taking care of our customers will take care of everything else.”
Advisors
- BankingBancFirst, Equity 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
| BancFirst PPP 2020 | All 7,048 borrowers → |
| Equity Bank PPP 2021 | All 375 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $1.3M | 101 |
| 1/20/2021 | second | $1.1M | 42 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Edge Services, Inc.
Edge Services, Inc. is an oil & gas company in Woodward, Oklahoma, in business since 2008. It is owned by Tommy Weder (President). Its estimated annual revenue is about $41.2M, with roughly $9.4M of EBITDA. It has about 125 employees. Its estimated business value is $48.7M (likely range $25.6M–$66.6M).
Common questions
- Who owns Edge Services, Inc.?
- Edge Services, Inc. is owned by Tommy Weder (President), according to public sources such as the company's website or filings.
- How much revenue does Edge Services, Inc. make?
- SeeBITDA estimates Edge Services, Inc.'s annual revenue at about $41.2M (likely between $27.1M and $47.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Edge Services, Inc. worth?
- About $48.7M, roughly 5.2× its estimated EBITDA of $9.4M, typical for a oil & gas company its size. Likely range: $25.6M–$66.6M.
- How many employees does Edge Services, Inc. have?
- About 125, from its 2025 retirement-plan filing.
- When was Edge Services, Inc. founded?
- Edge Services, Inc. has been in business since 2008.