Newport's Well Service, LLC
How we got $603K
Based on its 1 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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 |
|---|---|---|
| NEWPORT'S WELL SERVICE, LLC this business | $638K | — |
| CONCORDE RESOURCES CORPORATION Eufaula · 3 employees | $1.5M | 8.6 mi |
| WISE OILFIELD SERVICES LLC Checotah · 1 employees | $420K | 8.9 mi |
| CECIL INC Checotah · 2 employees | $1.1M | 9.8 mi |
| LUCAS MCCARTY Henryetta · 1 employees | $644K | 12.7 mi |
| STRONG LINK LLC Henryetta · 2 employees | $1.1M | 12.7 mi |
| H & L RENTALS AND WELL SERVICE, INC. Eufaula · 25 employees | $14.2M | 13.1 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $470K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $666K |
| Estimate: the two combined (geometric mean) | $638K |
| EBITDA margin (industry, adjusted for size) | 39% |
| EBITDA = revenue × margin | $251K |
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 | $603K |
| Multiple for this size and industry | 2.4× |
| Value range | $318K – $826K |
| Revenue range | $420K – $728K |
| EBITDA range | $165K – $287K |
| 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
- BankingThe Farmers State 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 Roles are as stated there and may be out of date.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
| The Farmers State Bank PPP 2020, PPP 2021 | All 85 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $17K | 1 |
| 3/3/2021 | second | $17K | 1 |
About Newport's Well Service, LLC
Newport's Well Service, LLC is an oil & gas company in Eufaula, Oklahoma. Its estimated annual revenue is about $638K, with roughly $251K of EBITDA. It has about 1 employees. Its estimated business value is $603K (likely range $318K–$826K).
Common questions
- Who owns Newport's Well Service, LLC?
- The owner of Newport's 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 Newport's Well Service, LLC make?
- SeeBITDA estimates Newport's Well Service, LLC's annual revenue at about $638K (likely between $420K and $728K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Newport's Well Service, LLC worth?
- About $603K, roughly 2.4× its estimated EBITDA of $251K, typical for a oil & gas company its size. Likely range: $318K–$826K.
- How many employees does Newport's Well Service, LLC have?
- About 1, as reported on its PPP loan.