Nick Reed Rig Services LLC
How we got $673K
Based on its 1 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 |
|---|---|---|
| NICK REED RIG SERVICES LLC this business | $712K | — |
| CANADIAN VALLEY SERVICE & SUPPLY, L.L.C. El Reno · 4 employees | $1.6M | 1.7 mi |
| RHODA OPERATING LLC El Reno · 1 employees | $547K | 1.7 mi |
| SILVERBACK OILFIELD SERVICES LLC El Reno · 1 employees | $320K | 2.1 mi |
| R.C. OPERATING, L.L.C. Yukon · 2 employees | $1.0M | 3.2 mi |
| B & N OPERATING, LLC Yukon · 2 employees | $1.1M | 4.1 mi |
| IFE NDT, LLC El Reno · 25 employees | $13.7M | 5.0 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $471K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $828K |
| Estimate: the two combined (geometric mean) | $712K |
| EBITDA margin (industry, adjusted for size) | 39% |
| EBITDA = revenue × margin | $280K |
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 | $673K |
| Multiple for this size and industry | 2.4× |
| Value range | $354K – $920K |
| Revenue range | $468K – $812K |
| EBITDA range | $184K – $320K |
| 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
- BankingTrue Sky FCUPPP / 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 Roles are as stated there and may be out of date.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
| True Sky FCU PPP 2020 | All 149 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/5/2020 | first | $21K | 1 |
About Nick Reed Rig Services LLC
Nick Reed Rig Services LLC is an oil & gas company in El Reno, Oklahoma. Its estimated annual revenue is about $712K, with roughly $280K of EBITDA. It has about 1 employees. Its estimated business value is $673K (likely range $354K–$920K).
Common questions
- Who owns Nick Reed Rig Services LLC?
- The owner of Nick Reed Rig Services 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 Nick Reed Rig Services LLC make?
- SeeBITDA estimates Nick Reed Rig Services LLC's annual revenue at about $712K (likely between $468K and $812K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Nick Reed Rig Services LLC worth?
- About $673K, roughly 2.4× its estimated EBITDA of $280K, typical for a oil & gas company its size. Likely range: $354K–$920K.
- How many employees does Nick Reed Rig Services LLC have?
- About 1, as reported on its PPP loan.