Journey Oilfield Equipment LLC
How we got $16.4M
Based on its 41 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▼ 13% 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 |
|---|---|---|
| JOURNEY OILFIELD EQUIPMENT LLC this business | $27.1M | — |
| ULTIMATE SAFETY & SUPPLY LLC Woodward · 5 employees | $3.5M | 1.6 mi |
| COMSTOCK OILFIELD SUPPLY, INC. Woodward · 11 employees | $7.6M | 2.2 mi |
| VESCO, INC Woodward · 42 employees | $31.0M | 2.6 mi |
| STATE LINE SWD, LLC Reydon · 2 employees | $1.6M | 59.3 mi |
The full calculation
| Employees reported to the SBA | 41 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $29.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $19.5M |
| Estimate: the two combined (geometric mean) | $27.1M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $2.8M |
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 | $16.4M |
| Multiple for this size and industry | 5.8× |
| Value range | $8.6M – $22.4M |
| Revenue range | $17.8M – $30.9M |
| EBITDA range | $1.9M – $3.2M |
| Industry (NAICS) | Oil and Gas Field Machinery and Equipment Manufacturing (333132) |
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
- BankingFirst Liberty 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 Roles are as stated there and may be out of date.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
| First Liberty Bank PPP 2020, PPP 2021 | All 382 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $398K | 21 |
| 1/16/2021 | second | $398K | 41 |
About Journey Oilfield Equipment LLC
Journey Oilfield Equipment LLC is an oil and gas field machinery and equipment manufacturing company in Woodward, Oklahoma. Its estimated annual revenue is about $27.1M, with roughly $2.8M of EBITDA. It has about 41 employees. Its estimated business value is $16.4M (likely range $8.6M–$22.4M).
Common questions
- Who owns Journey Oilfield Equipment LLC?
- The owner of Journey Oilfield Equipment 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 Journey Oilfield Equipment LLC make?
- SeeBITDA estimates Journey Oilfield Equipment LLC's annual revenue at about $27.1M (likely between $17.8M and $30.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Journey Oilfield Equipment LLC worth?
- About $16.4M, roughly 5.8× its estimated EBITDA of $2.8M, typical for a oil and gas field machinery and equipment manufacturing company its size. Likely range: $8.6M–$22.4M.
- How many employees does Journey Oilfield Equipment LLC have?
- About 41, as reported on its PPP loan.