Mcneil Well Services, LLC
How we got $8.8M
Based on its 18 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 15 years (since 2011)
From public records and the company's website, not a statement that it's for sale.
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 |
|---|---|---|
| MCNEIL WELL SERVICES, LLC this business | $7.2M | — |
| LIONEL HARRIS OIL CO., INC. Cushing · 23 employees | $11.0M | 0.6 mi |
| MARTIN TANK TRUCK AND CASING PULLING, INC. Cushing · 7 employees | $3.2M | 0.7 mi |
| MARTIN TANK TRUCK & CASING PULLING INC. Cushing · 7 employees | $3.2M | 0.7 mi |
| CHARTER SERVICES, LLC Cushing · 9 employees | $4.2M | 2.1 mi |
| CONTINENTAL CONCRETE, LLC Cushing · 85 employees | $43.5M | 2.1 mi |
| WILLMAN PUMP TRUCKS, LLC Cushing · 6 employees | $3.9M | 2.2 mi |
The full calculation
| Employees reported to the SBA | 18 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.3M |
| Estimate: the two combined (geometric mean) | $7.2M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $2.0M |
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 | $8.8M |
| Multiple for this size and industry | 4.4× |
| Value range | $4.6M – $12.1M |
| Revenue range | $4.8M – $8.2M |
| EBITDA range | $1.3M – $2.3M |
| 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
- 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 |
|---|---|---|---|
| 4/4/2020 | first | $194K | 18 |
| 1/27/2021 | second | $194K | 12 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mcneil Well Services, LLC
Mcneil Well Services, LLC is an oil & gas company in Cushing, Oklahoma, in business since 2011. It is owned by Brian McNeil. Its estimated annual revenue is about $7.2M, with roughly $2.0M of EBITDA. It has about 18 employees. Its estimated business value is $8.8M (likely range $4.6M–$12.1M).
Common questions
- Who owns Mcneil Well Services, LLC?
- Mcneil Well Services, LLC is owned by Brian McNeil, according to public sources such as the company's website or filings.
- How much revenue does Mcneil Well Services, LLC make?
- SeeBITDA estimates Mcneil Well Services, LLC's annual revenue at about $7.2M (likely between $4.8M and $8.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mcneil Well Services, LLC worth?
- About $8.8M, roughly 4.4× its estimated EBITDA of $2.0M, typical for a oil & gas company its size. Likely range: $4.6M–$12.1M.
- How many employees does Mcneil Well Services, LLC have?
- About 18, as reported on its PPP loan.
- When was Mcneil Well Services, LLC founded?
- Mcneil Well Services, LLC has been in business since 2011.