Patriot Wellhead LLC
- Nick ArmoudianGeneral Manager · Company website
How we got $18.0M
Based on its 27 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
What they do
Patriot Wellhead is a full service wellhead company with operations in Oklahoma City, OK and Odessa, TX. It offers conventional, multi-string and frac wellhead equipment and solutions.
From the company's website. Industry: Oil & gas.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PATRIOT WELLHEAD LLC this business | $16.8M | — |
| Wenzel Downhole Tools Oklahoma City | $1.5M | 0.1 mi |
| PINSON WELL LOGGING Oklahoma City · 36 employees | $18.7M | 0.2 mi |
| Owen Oil Tools Inc Oklahoma City | $1.5M | 0.7 mi |
| WILDCAT WELLHEAD SERVICES LLC Oklahoma City · 5 employees | $2.4M | 0.9 mi |
| J&j Pressure Management Oklahoma City | $1.5M | 1.0 mi |
| MIRACLE PRODUCTION, INC. Oklahoma City · 24 employees | $13.1M | 1.1 mi |
The full calculation
| Employees reported to the SBA | 27 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $10.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $20.4M |
| Estimate: the two combined (geometric mean) | $16.8M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $4.1M |
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 | $18.0M |
| Multiple for this size and industry | 4.4× |
| Value range | $9.5M – $24.7M |
| Revenue range | $11.0M – $19.1M |
| EBITDA range | $2.7M – $4.7M |
| 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
History & advisors
“Patriot Wellhead began in El Reno, Ok in the spring of 2013 with a simple concept: honor our customers and employees.”
Advisors
- BankingFirst 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
| First State Bank PPP 2020 | All 268 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $723K | 27 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Patriot Wellhead LLC
Patriot Wellhead LLC is an oil & gas company in Oklahoma City, Oklahoma, in business since 2013. It is owned by Tony McSparrin (Founder). Its estimated annual revenue is about $16.8M, with roughly $4.1M of EBITDA. It has about 27 employees. Its estimated business value is $18.0M (likely range $9.5M–$24.7M).
Common questions
- Who owns Patriot Wellhead LLC?
- Patriot Wellhead LLC is owned by Tony McSparrin (Founder), according to public sources such as the company's website or filings.
- How much revenue does Patriot Wellhead LLC make?
- SeeBITDA estimates Patriot Wellhead LLC's annual revenue at about $16.8M (likely between $11.0M and $19.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Patriot Wellhead LLC worth?
- About $18.0M, roughly 4.4× its estimated EBITDA of $4.1M, typical for a oil & gas company its size. Likely range: $9.5M–$24.7M.
- How many employees does Patriot Wellhead LLC have?
- About 27, as reported on its PPP loan.
- When was Patriot Wellhead LLC founded?
- Patriot Wellhead LLC has been in business since 2013.