Prime Well Solutions, LLC.
How we got $6.7M
Based on its 11 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 34% since 2024 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
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.
Employees over time
▲ 1109% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 11 | $4.0M |
| 2021 | Form 5500 | 57 | $20.6M |
| 2022 | Form 5500 | 101 | $36.4M |
| 2023 | Form 5500 | 133 | $48.0M |
| 2024 | Form 5500 | 202 | $72.9M |
| 2025 | Form 5500 | 133 | $48.0M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PRIME WELL SOLUTIONS, LLC. this business | $6.7M | — |
| MORAN EQUIPMENT LLC Elk City · 62 employees | $29.7M | 0.3 mi |
| DNOW Elk City | $1.5M | 0.4 mi |
| BECK'S FORKLIFT SERVICES, LLC Elk City · 13 employees | $4.4M | 0.5 mi |
| CALAWAY FLOWING, LLC. Elk City · 1 employees | $523K | 0.7 mi |
| SUPERIOR CONSULTING LLC Elk City · 1 employees | $711K | 0.8 mi |
| RBP OILFIELD SERVICES LLC Elk City · 1 employees | $712K | 0.9 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.8M |
| Estimate: the two combined (geometric mean) | $6.7M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $1.8M |
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 | $6.7M |
| Multiple for this size and industry | 3.6× |
| Value range | $3.5M – $9.1M |
| Revenue range | $4.4M – $7.6M |
| EBITDA range | $1.2M – $2.1M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingGreat Plains National 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
| Great Plains National Bank PPP 2020 | All 1,112 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $271K | 11 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Prime Well Solutions, LLC.
Prime Well Solutions, LLC. is an oil & gas company in Elk City, Oklahoma, in business since 2020. It is owned by EJ Eddie Walton Jr (President). Its estimated annual revenue is about $6.7M, with roughly $1.8M of EBITDA. It has about 133 employees. Its estimated business value is $6.7M (likely range $3.5M–$9.1M).
Common questions
- Who owns Prime Well Solutions, LLC.?
- Prime Well Solutions, LLC. is owned by EJ Eddie Walton Jr (President), according to public sources such as the company's website or filings.
- How much revenue does Prime Well Solutions, LLC. make?
- SeeBITDA estimates Prime Well Solutions, LLC.'s annual revenue at about $6.7M (likely between $4.4M and $7.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Prime Well Solutions, LLC. worth?
- About $6.7M, roughly 3.6× its estimated EBITDA of $1.8M, typical for a oil & gas company its size. Likely range: $3.5M–$9.1M.
- How many employees does Prime Well Solutions, LLC. have?
- About 133, from its 2025 retirement-plan filing.
- When was Prime Well Solutions, LLC. founded?
- Prime Well Solutions, LLC. has been in business since 2020.