Panhandle Oilfield Srvc Co,inc
How we got $140.8M
Based on its 156 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
Signs of a sale Unlikely to sell soon
- In business 18 years (since 2008)
From public records and the company's website, not a statement that it's for sale.
What they do
Panhandle Oilfield Services (Panhandle Lift Solutions) sells and installs new and used pumping units, VFDs, pump-off controllers and related accessories, and provides oilfield services such as roustabouts, construction, automation, electrical, cranes and hydrovacs, trucking, and tubular inspection and storage. It is based in Oklahoma City.
From the company's website. Industry: Oil & gas.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PANHANDLE OILFIELD SRVC CO,INC this business | $118.0M | — |
| PANHANDLE OILFIELD SERV CO INC Oklahoma City · 135 employees | $84.7M | 0.0 mi |
| Cheyenne Petroleum Company Oklahoma City | $1.5M | 0.0 mi |
| Lin Operating Oklahoma City | $1.5M | 0.1 mi |
| QUAIL CREEK WELL SERVICE LLC Oklahoma City · 5 employees | $2.2M | 0.3 mi |
| Ventana Exploration And Production Llc Oklahoma City | $1.5M | 0.3 mi |
| STRANDED GAS SOLUTIONS LLC Oklahoma City · 4 employees | $1.3M | 0.3 mi |
The full calculation
| Employees reported to the SBA | 156 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $86.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $124.0M |
| Estimate: the two combined (geometric mean) | $118.0M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $23.5M |
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 | $140.8M |
| Multiple for this size and industry | 6× |
| Value range | $74.1M – $192.6M |
| Revenue range | $77.6M – $134.6M |
| EBITDA range | $15.4M – $26.8M |
| 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
- BankingEquity 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
| Equity Bank PPP 2020 | All 375 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $3.4M | 156 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Panhandle Oilfield Srvc Co,inc
Panhandle Oilfield Srvc Co,inc is an oil & gas company in Oklahoma City, Oklahoma, in business since 2008. Its estimated annual revenue is about $118.0M, with roughly $23.5M of EBITDA. It has about 156 employees. Its estimated business value is $140.8M (likely range $74.1M–$192.6M).
Common questions
- Who owns Panhandle Oilfield Srvc Co,inc?
- The owner of Panhandle Oilfield Srvc Co,inc 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 Panhandle Oilfield Srvc Co,inc make?
- SeeBITDA estimates Panhandle Oilfield Srvc Co,inc's annual revenue at about $118.0M (likely between $77.6M and $134.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Panhandle Oilfield Srvc Co,inc worth?
- About $140.8M, roughly 6× its estimated EBITDA of $23.5M, typical for a oil & gas company its size. Likely range: $74.1M–$192.6M.
- How many employees does Panhandle Oilfield Srvc Co,inc have?
- About 156, as reported on its PPP loan.
- When was Panhandle Oilfield Srvc Co,inc founded?
- Panhandle Oilfield Srvc Co,inc has been in business since 2008.