O-K Bit Service Inc.
How we got $10.4M
Based on its 18 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 5% 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 |
|---|---|---|
| O-K BIT SERVICE INC. this business | $8.5M | — |
| Koda Operating, Llc Tonkawa | $1.5M | 0.1 mi |
| CHEYENNE TECHNICAL SERVICES INC Tonkawa · 9 employees | $3.7M | 0.4 mi |
| T&L WELL SERVICE LLC Ponca City · 18 employees | $9.7M | 1.2 mi |
| T & L WELL SERVICES, LLC Tonkawa · 18 employees | $9.7M | 1.2 mi |
| ALEXANDER PRODUCTION & ENERGY SERVICES LLC Tonkawa · 1 employees | $711K | 1.4 mi |
| PULLER'S OIL COMPANY, LLC Blackwell · 2 employees | $1.2M | 7.2 mi |
The full calculation
| Employees reported to the SBA | 18 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.4M |
| Estimate: the two combined (geometric mean) | $8.5M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $2.4M |
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 | $10.4M |
| Multiple for this size and industry | 4.4× |
| Value range | $5.5M – $14.3M |
| Revenue range | $5.6M – $9.7M |
| EBITDA range | $1.6M – $2.7M |
| Industry (NAICS) | Drilling Oil and Gas Wells (213111) |
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 National Bank of OklahomaPPP / 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 Roles are as stated there and may be out of date.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 National Bank of Oklahoma PPP 2020, PPP 2021 | All 405 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 | $221K | 18 |
| 2/4/2021 | second | $188K | 18 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About O-K Bit Service Inc.
O-K Bit Service Inc. is an oil & gas company in Tonkawa, Oklahoma. It is owned by John Linton (Key Principal). Its estimated annual revenue is about $8.5M, with roughly $2.4M of EBITDA. It has about 18 employees. Its estimated business value is $10.4M (likely range $5.5M–$14.3M).
Common questions
- Who owns O-K Bit Service Inc.?
- O-K Bit Service Inc. is owned by John Linton (Key Principal), according to public sources such as the company's website or filings.
- How much revenue does O-K Bit Service Inc. make?
- SeeBITDA estimates O-K Bit Service Inc.'s annual revenue at about $8.5M (likely between $5.6M and $9.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is O-K Bit Service Inc. worth?
- About $10.4M, roughly 4.4× its estimated EBITDA of $2.4M, typical for a oil & gas company its size. Likely range: $5.5M–$14.3M.
- How many employees does O-K Bit Service Inc. have?
- About 18, as reported on its PPP loan.