Elite Casing Services, Inc.
How we got $11.5M
Based on its 24 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 |
|---|---|---|
| ELITE CASING SERVICES, INC. this business | $10.7M | — |
| J&R DIRT WORKS LLC Woodward · 2 employees | $928K | 0.1 mi |
| Ramsey Oil Company Woodward | $1.5M | 0.1 mi |
| DIAMOND CONSTRUCTION CO OF SHATTUCK INC. Woodward · 85 employees | $50.9M | 0.2 mi |
| UNITED SERVICES LIMITED PARTNERSHIP Woodward · 5 employees | $1.7M | 0.2 mi |
| WOODWARD WIRE ROPE & SLINGLINE Woodward · 5 employees | $1.6M | 0.2 mi |
| APOLLO OILFIELD SUPPLY LLC Woodward · 1 employees | $505K | 0.2 mi |
The full calculation
| Employees reported to the SBA | 24 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $10.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.2M |
| Estimate: the two combined (geometric mean) | $10.7M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.6M |
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 | $11.5M |
| Multiple for this size and industry | 4.4× |
| Value range | $6.0M – $15.7M |
| Revenue range | $7.0M – $12.2M |
| EBITDA range | $1.7M – $3.0M |
| 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
- BankingGreat Plains National 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 Roles are as stated there and may be out of date.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
| Great Plains National Bank PPP 2020, PPP 2021 | All 1,112 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 | $233K | 24 |
| 1/22/2021 | second | $233K | 15 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Elite Casing Services, Inc.
Elite Casing Services, Inc. is an oil & gas company in Woodward, Oklahoma, in business since 2016. Its estimated annual revenue is about $10.7M, with roughly $2.6M of EBITDA. It has about 24 employees. Its estimated business value is $11.5M (likely range $6.0M–$15.7M).
Common questions
- Who owns Elite Casing Services, Inc.?
- The owner of Elite Casing Services, 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 Elite Casing Services, Inc. make?
- SeeBITDA estimates Elite Casing Services, Inc.'s annual revenue at about $10.7M (likely between $7.0M and $12.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Elite Casing Services, Inc. worth?
- About $11.5M, roughly 4.4× its estimated EBITDA of $2.6M, typical for a oil & gas company its size. Likely range: $6.0M–$15.7M.
- How many employees does Elite Casing Services, Inc. have?
- About 24, as reported on its PPP loan.
- When was Elite Casing Services, Inc. founded?
- Elite Casing Services, Inc. has been in business since 2016.