Genie Well Service Inc.
How we got $11.8M
Based on its 25 employees and its payroll, both reported for PPP in 2021 and brought up to date.
Estimated value over time
▲ 4% since 2021Today'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 30 years (since 1996)
From public records and the company's website, not a statement that it's for sale.
What they do
Genie Well Service Inc. is a land-based well servicing company that provides mobile rigs and crews to oil and gas producers to perform repairs and other services on wells, with a focus on plugging and abandonment in Oklahoma.
From the company's website. Industry: Oil & gas.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| GENIE WELL SERVICE INC. this business | $11.0M | — |
| C, E & L SERVICES OF OK, INC. Crescent · 11 employees | $4.1M | 0.6 mi |
| MCVICKER SERVICES Crescent · 2 employees | $1.0M | 2.4 mi |
| TRW SERVICES INC Crescent · 1 employees | $377K | 2.5 mi |
| M AND V RESOURCES INC Crescent · 1 employees | $318K | 2.6 mi |
| BOSTICK SERVICES CORPORATION Guthrie · 45 employees | $29.3M | 5.8 mi |
| GIBSON INTEGRITY SOLUTIONS, LLC Crescent · 22 employees | $8.7M | 6.0 mi |
The full calculation
| Employees reported to the SBA | 25 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.3M |
| Estimate: the two combined (geometric mean) | $11.0M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.7M |
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 | $11.8M |
| Multiple for this size and industry | 4.4× |
| Value range | $6.2M – $16.1M |
| Revenue range | $7.2M – $12.5M |
| EBITDA range | $1.8M – $3.1M |
| 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
- BankingMidFirst 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
| MidFirst Bank PPP 2021 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 3/23/2021 | second | $236K | 25 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Genie Well Service Inc.
Genie Well Service Inc. is an oil & gas company in Crescent, Oklahoma, in business since 1996. Its estimated annual revenue is about $11.0M, with roughly $2.7M of EBITDA. It has about 25 employees. Its estimated business value is $11.8M (likely range $6.2M–$16.1M).
Common questions
- Who owns Genie Well Service Inc.?
- The owner of Genie 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 Genie Well Service Inc. make?
- SeeBITDA estimates Genie Well Service Inc.'s annual revenue at about $11.0M (likely between $7.2M and $12.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Genie Well Service Inc. worth?
- About $11.8M, roughly 4.4× its estimated EBITDA of $2.7M, typical for a oil & gas company its size. Likely range: $6.2M–$16.1M.
- How many employees does Genie Well Service Inc. have?
- About 25, as reported on its PPP loan.
- When was Genie Well Service Inc. founded?
- Genie Well Service Inc. has been in business since 1996.