Mid-States Oilfield Machine, LLC
How we got $2.3M
Based on its 17 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-STATES OILFIELD MACHINE, LLC this business | $5.3M | — |
| D.K. HOUCK ENTERPRISES, LLC Oklahoma City · 7 employees | $1.4M | 1.4 mi |
| Q.B. JOHNSON MANUFACTURING INC Oklahoma City · 145 employees | $59.1M | 1.9 mi |
| STRUCTURAL PIPE OF OKLAHOMA, INC Moore · 2 employees | $863K | 2.0 mi |
| JA OILFIELD MANUFACTURING INC Oklahoma City · 66 employees | $37.3M | 2.2 mi |
| JANKE HOLDING CO LLC Oklahoma City · 14 employees | $3.3M | 3.1 mi |
| J A OIL FIELD MANUFACTURING IN Oklahoma City · 73 employees | $32.3M | 3.1 mi |
The full calculation
| Employees reported to the SBA | 17 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.3M |
| Estimate: the two combined (geometric mean) | $5.3M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $598K |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has fallen 30% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $2.3M |
| Multiple for this size and industry | 3.9× |
| Value range | $1.4M – $3.6M |
| Revenue range | $4.0M – $6.9M |
| EBITDA range | $449K – $778K |
| 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
- BankingMidFirst 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 Roles are as stated there and may be out of date.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
| MidFirst Bank PPP 2020, PPP 2021 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $199K | 17 |
| 1/20/2021 | second | $199K | 17 |
About Mid-States Oilfield Machine, LLC
Mid-States Oilfield Machine, LLC is an oil and gas field machinery and equipment manufacturing company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $5.3M, with roughly $598K of EBITDA. It has about 17 employees. Its estimated business value is $2.3M (likely range $1.4M–$3.6M).
Common questions
- Who owns Mid-States Oilfield Machine, LLC?
- The owner of Mid-States Oilfield Machine, 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 Mid-States Oilfield Machine, LLC make?
- SeeBITDA estimates Mid-States Oilfield Machine, LLC's annual revenue at about $5.3M (likely between $4.0M and $6.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mid-States Oilfield Machine, LLC worth?
- About $2.3M, roughly 3.9× its estimated EBITDA of $598K, typical for a oil and gas field machinery and equipment manufacturing company its size. Likely range: $1.4M–$3.6M.
- How many employees does Mid-States Oilfield Machine, LLC have?
- About 17, as reported on its PPP loan.