Griggs Well Service LLC
How we got $327K
Based on its 1 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| GRIGGS WELL SERVICE LLC this business | $415K | — |
| ENTRANSCO ENERGY LLC Dewey · 9 employees | $4.7M | 0.7 mi |
| SPENCER OIL COMPANY LLC Bartlesville · 5 employees | $2.0M | 1.9 mi |
| H S FIELD SERVICES Dewey · 22 employees | $7.8M | 2.4 mi |
| TAMRA SHAMBLES Dewey · 21 employees | $9.4M | 2.4 mi |
| OIL AND GAS FINANCIAL SERVICES L.L.C. Bartlesville · 1 employees | $583K | 3.7 mi |
| MCCANN FIELD SERVICES, INC Bartlesville · 10 employees | $2.4M | 4.0 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $470K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $282K |
| Estimate: the two combined (geometric mean) | $415K |
| EBITDA margin (industry, adjusted for size) | 39% |
| EBITDA = revenue × margin | $164K |
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 | $327K |
| Multiple for this size and industry | 2× |
| Value range | $172K – $448K |
| Revenue range | $273K – $474K |
| EBITDA range | $108K – $187K |
| 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
- BankingEquity 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 Roles are as stated there and may be out of date.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
| Equity Bank PPP 2020, 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 |
|---|---|---|---|
| 4/10/2020 | first | $7K | 1 |
| 1/29/2021 | second | $7K | 1 |
About Griggs Well Service LLC
Griggs Well Service LLC is an oil & gas company in Dewey, Oklahoma. Its estimated annual revenue is about $415K, with roughly $164K of EBITDA. It has about 1 employees. Its estimated business value is $327K (likely range $172K–$448K).
Common questions
- Who owns Griggs Well Service LLC?
- The owner of Griggs Well Service LLC 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 Griggs Well Service LLC make?
- SeeBITDA estimates Griggs Well Service LLC's annual revenue at about $415K (likely between $273K and $474K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Griggs Well Service LLC worth?
- About $327K, roughly 2× its estimated EBITDA of $164K, typical for a oil & gas company its size. Likely range: $172K–$448K.
- How many employees does Griggs Well Service LLC have?
- About 1, as reported on its PPP loan.