Mid Continent Well Logging Service Inc.
How we got $21.0M
Based on its 46 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 |
|---|---|---|
| MID CONTINENT WELL LOGGING SERVICE INC. this business | $34.8M | — |
| BROCE MANUFACTURING, INC Norman · 117 employees | $74.4M | 1.8 mi |
| OILFIELD AUTOMATION LLC Norman · 3 employees | $1.9M | 2.0 mi |
| TRYTON TOOLS US INC Norman · 18 employees | $14.9M | 2.4 mi |
| MARPLE PETROLEUM, LLC Norman · 2 employees | $1.1M | 2.9 mi |
| GRIFFITH PETROLEUM SERVICES, INC Newcastle · 1 employees | $955K | 7.5 mi |
| TRI-CITY TRACTORS, LLC Newcastle · 7 employees | $3.8M | 8.1 mi |
The full calculation
| Employees reported to the SBA | 46 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $32.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $28.6M |
| Estimate: the two combined (geometric mean) | $34.8M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $3.6M |
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 | $21.0M |
| Multiple for this size and industry | 5.8× |
| Value range | $11.1M – $28.8M |
| Revenue range | $22.9M – $39.7M |
| EBITDA range | $2.4M – $4.1M |
| 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
People & advisors
Advisors
- BankingFirst Fidelity 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 Roles are as stated there and may be out of date.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 Fidelity Bank PPP 2020, PPP 2021 | All 940 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $584K | 46 |
| 1/22/2021 | second | $271K | 12 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mid Continent Well Logging Service Inc.
Mid Continent Well Logging Service Inc. is an oil and gas field machinery and equipment manufacturing company in Norman, Oklahoma. Its estimated annual revenue is about $34.8M, with roughly $3.6M of EBITDA. It has about 46 employees. Its estimated business value is $21.0M (likely range $11.1M–$28.8M).
Common questions
- Who owns Mid Continent Well Logging Service Inc.?
- The owner of Mid Continent Well Logging 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 Mid Continent Well Logging Service Inc. make?
- SeeBITDA estimates Mid Continent Well Logging Service Inc.'s annual revenue at about $34.8M (likely between $22.9M and $39.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mid Continent Well Logging Service Inc. worth?
- About $21.0M, roughly 5.8× its estimated EBITDA of $3.6M, typical for a oil and gas field machinery and equipment manufacturing company its size. Likely range: $11.1M–$28.8M.
- How many employees does Mid Continent Well Logging Service Inc. have?
- About 46, as reported on its PPP loan.