R & M Pipeline Services Inc.
How we got $32.3M
Based on its 68 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
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| R & M PIPELINE SERVICES INC. this business | $27.3M | — |
| HRT SERVICE COMPANY, L.L.C. Drummond · 4 employees | $2.2M | 0.9 mi |
| KING ANCHORING SERVICE, LLC Drummond · 1 employees | $557K | 1.0 mi |
| AMERICAN TOOL, L.L.C. Drummond · 3 employees | $1.9M | 2.5 mi |
| RAUH OILFIELD SERVICES COMPANY Enid · 21 employees | $14.9M | 4.8 mi |
| SILCOTT SERVICES LLC Lahoma · 1 employees | $448K | 4.9 mi |
| TOOLS PLUS INC Enid · 6 employees | $3.2M | 6.3 mi |
The full calculation
| Employees reported to the SBA | 68 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $26.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $21.4M |
| Estimate: the two combined (geometric mean) | $27.3M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $6.2M |
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 | $32.3M |
| Multiple for this size and industry | 5.2× |
| Value range | $17.0M – $44.1M |
| Revenue range | $18.0M – $31.1M |
| EBITDA range | $4.1M – $7.1M |
| 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
Advisors
- BankingBancFirst, Great 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 Roles are as stated there and may be out of date.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
| BancFirst 7(a) 2020, PPP 2020, PPP 2021 | All 7,048 borrowers → |
| Great Plains National Bank 7(a) 2021 | 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 |
|---|---|---|---|
| 4/9/2020 | first | $759K | 68 |
| 1/26/2021 | second | $862K | 58 |
2 locations
| 7604 HIGHWAY 132 | Drummond | This listing |
| 9312 S Imo Rd | Waukomis | View |
Revenue, profit and value are for the whole company.
Public records
| Aug 2021 | 7(a) | $869K |
| Sep 2020 | 7(a) | $1.0M |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About R & M Pipeline Services Inc.
R & M Pipeline Services Inc. is an oil & gas company in Drummond, Oklahoma. Its estimated annual revenue is about $27.3M, with roughly $6.2M of EBITDA. It has about 68 employees. Its estimated business value is $32.3M (likely range $17.0M–$44.1M). It has 2 locations.
Common questions
- Who owns R & M Pipeline Services Inc.?
- The owner of R & M Pipeline Services 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 R & M Pipeline Services Inc. make?
- SeeBITDA estimates R & M Pipeline Services Inc.'s annual revenue at about $27.3M (likely between $18.0M and $31.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is R & M Pipeline Services Inc. worth?
- About $32.3M, roughly 5.2× its estimated EBITDA of $6.2M, typical for a oil & gas company its size. Likely range: $17.0M–$44.1M.
- How many employees does R & M Pipeline Services Inc. have?
- About 68, as reported on its PPP loan.