Lucas Well Service, LLC
How we got $2.7M
Based on its 10 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 |
|---|---|---|
| LUCAS WELL SERVICE, LLC this business | $2.9M | — |
| R&R ROUSTABOUT SERVICES LLC Ringwood · 42 employees | $23.9M | 0.5 mi |
| RR OILFIELD RENTAL SERVICES, LLC Ringwood · 15 employees | $9.3M | 0.5 mi |
| RR WORKOVER RIGS, LLC Ringwood · 33 employees | $18.4M | 0.5 mi |
| D & B OILFIELD SERVICES, INC Ringwood · 25 employees | $13.8M | 0.6 mi |
| SUPERIOR TANK TRUCK SERVICE LLC Ringwood · 10 employees | $3.9M | 1.5 mi |
| DOUBLE R SERVICE CO, INC Ringwood · 13 employees | $6.2M | 1.7 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.9M |
| Estimate: the two combined (geometric mean) | $2.9M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $885K |
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 | $2.7M |
| Multiple for this size and industry | 3× |
| Value range | $1.4M – $3.6M |
| Revenue range | $1.9M – $3.3M |
| EBITDA range | $582K – $1.0M |
| 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
- BankingBlue Sky 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 Roles are as stated there and may be out of date.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
| Blue Sky Bank PPP 2020, PPP 2021 | All 430 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 | $57K | 6 |
| 1/22/2021 | second | $57K | 10 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Lucas Well Service, LLC
Lucas Well Service, LLC is an oil & gas company in Ringwood, Oklahoma, in business since 2017. Its estimated annual revenue is about $2.9M, with roughly $885K of EBITDA. It has about 10 employees. Its estimated business value is $2.7M (likely range $1.4M–$3.6M).
Common questions
- Who owns Lucas Well Service, LLC?
- The owner of Lucas 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 Lucas Well Service, LLC make?
- SeeBITDA estimates Lucas Well Service, LLC's annual revenue at about $2.9M (likely between $1.9M and $3.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Lucas Well Service, LLC worth?
- About $2.7M, roughly 3× its estimated EBITDA of $885K, typical for a oil & gas company its size. Likely range: $1.4M–$3.6M.
- How many employees does Lucas Well Service, LLC have?
- About 10, as reported on its PPP loan.
- When was Lucas Well Service, LLC founded?
- Lucas Well Service, LLC has been in business since 2017.