King Oil Tools
How we got $4.9M
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Likely to sell
- In business 89 years (since 1937)
- Founder still runs it after 89 years
From public records and the company's website, not a statement that it's for sale.
What they do
King Oil Tools is a Enid, Oklahoma company that builds and supplies drilling swivels and water well and oilfield drilling equipment, and provides machine shop, parts, and repair services for drilling rigs.
From the company's website. Industry: Manufacturing.
Customers & suppliers
Suppliers & brands
- GEFCO · brand it sells or installs
- Mazak · brand it sells or installs
- ACER · brand it sells or installs
- Arclight · brand it sells or installs
- Springwood Industrial, Inc · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- GULFPORT ENERGY CORPORATION · Oklahoma City, 57 mi · $1.42B
- MACH RESOURCES LLC · Oklahoma City, 56 mi · $1.18B
- CANVAS ENERGY LLC · Oklahoma City, 56 mi · $333.4M
- LEGEND ENERGY SERVICES, LLC · Oklahoma City, 63 mi · $228.8M
- COMANCHE RESOURCES COMPANY · Oklahoma City, 62 mi · $211.2M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| King Oil Tools this business | $9.0M | — |
| EH Metal Works Enid | $3.0M | 1.2 mi |
| Mustang Gas Products LLC Enid | $6.0M | 1.7 mi |
| THE FEED BARN, LLC Enid · 2 employees | $1.5M | 1.9 mi |
| Horizon Structures, Llc. Enid | $3.0M | 2.0 mi |
| Central Machine and Tool Enid | $3.0M | 3.3 mi |
| ENID GRAIN INSPECTION CO Enid · 17 employees | $22.7M | 3.6 mi |
The full calculation
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 | $4.9M |
| Multiple for this size and industry | 4.5× |
| Value range | $866K – $9.9M |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Manufacturing businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (12%). Treat these as a rough guide.
| Revenue range | $2.0M – $15.2M |
| EBITDA range | $240K – $1.8M |
| Industry (NAICS) | Manufacturing (31) |
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: approximate sector default. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
People & advisors
“King Oil Tools was founded in 1937 by Walter E. King to service the oilfield industry.”
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.
3 locations
| 5808 Sooner Trend Rd | Enid | This listing |
| 1002 Sooner Trend | Enid | View |
| 5808 Sooner Trend | Enid | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About King Oil Tools
King Oil Tools is a manufacturing company in Enid, Oklahoma, in business since 1937. It is owned by Walter E. King (Founder). Its estimated annual revenue is about $9.0M, with roughly $1.1M of EBITDA. Its estimated business value is $4.9M (likely range $866K–$9.9M). It has 3 locations.
Common questions
- Who owns King Oil Tools?
- King Oil Tools is owned by Walter E. King (Founder), according to public sources such as the company's website or filings.
- How much revenue does King Oil Tools make?
- SeeBITDA estimates King Oil Tools's annual revenue at about $9.0M (likely between $2.0M and $15.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is King Oil Tools worth?
- About $4.9M, roughly 4.5× its estimated EBITDA of $1.1M, typical for a manufacturing company its size. Likely range: $866K–$9.9M.
- When was King Oil Tools founded?
- King Oil Tools has been in business since 1937.
- Is King Oil Tools for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 89 years (since 1937); founder still runs it after 89 years.