Forsythe Oilfield Service Inc
How we got $4.2M
Based on its 8 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 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| FORSYTHE OILFIELD SERVICE INC this business | $3.8M | — |
| Xto Energy Wilson | $4.4M | 1.7 mi |
| TURNERS OILFIELD SERVICES INC Wilson · 5 employees | $2.3M | 1.9 mi |
| ADVANCEW TANK AND SUPPLY, INC Wilson · 1 employees | $350K | 2.3 mi |
| WHATLEY'S CRANE SERVICE Wilson · 4 employees | $1.6M | 2.7 mi |
| FRONTIER SALT WATER SOLUTIONS, LLC Wilson · 3 employees | $981K | 3.0 mi |
| POSTOAK DISPOSAL LLC Wilson · 5 employees | $2.0M | 3.0 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.7M |
| Estimate: the two combined (geometric mean) | $3.8M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $1.2M |
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 | $4.2M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.2M – $5.7M |
| Revenue range | $2.5M – $4.4M |
| EBITDA range | $765K – $1.3M |
| 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
History & advisors
Advisors
- BankingBancFirst, First 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
| BancFirst PPP 2020 | All 7,048 borrowers → |
| First National Bank and Trust Company of Ardmore 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 |
|---|---|---|---|
| 4/13/2020 | first | $99K | 8 |
| 1/22/2021 | second | $99K | 6 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Forsythe Oilfield Service Inc
Forsythe Oilfield Service Inc is an oil & gas company in Wilson, Oklahoma, in business since 1998. It is owned by Lawrence B Forsythe (President). Its estimated annual revenue is about $3.8M, with roughly $1.2M of EBITDA. It has about 8 employees. Its estimated business value is $4.2M (likely range $2.2M–$5.7M).
Common questions
- Who owns Forsythe Oilfield Service Inc?
- Forsythe Oilfield Service Inc is owned by Lawrence B Forsythe (President), according to public sources such as the company's website or filings.
- How much revenue does Forsythe Oilfield Service Inc make?
- SeeBITDA estimates Forsythe Oilfield Service Inc's annual revenue at about $3.8M (likely between $2.5M and $4.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Forsythe Oilfield Service Inc worth?
- About $4.2M, roughly 3.6× its estimated EBITDA of $1.2M, typical for a oil & gas company its size. Likely range: $2.2M–$5.7M.
- How many employees does Forsythe Oilfield Service Inc have?
- About 8, as reported on its PPP loan.
- When was Forsythe Oilfield Service Inc founded?
- Forsythe Oilfield Service Inc has been in business since 1998.