Rr Workover Rigs, LLC
How we got $18.4M
Based on its 33 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
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| RR WORKOVER RIGS, LLC this business | $18.4M | — |
| RR OILFIELD RENTAL SERVICES, LLC Ringwood · 15 employees | $9.3M | 0.0 mi |
| R&R ROUSTABOUT SERVICES LLC Ringwood · 42 employees | $23.9M | 0.0 mi |
| D & B OILFIELD SERVICES, INC Ringwood · 25 employees | $13.8M | 0.3 mi |
| LUCAS WELL SERVICE, LLC Ringwood · 10 employees | $2.9M | 0.5 mi |
| SUPERIOR TANK TRUCK SERVICE LLC Ringwood · 10 employees | $3.9M | 1.2 mi |
| DOUBLE R SERVICE CO, INC Ringwood · 13 employees | $6.2M | 1.3 mi |
The full calculation
| Employees reported to the SBA | 33 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $14.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $17.8M |
| Estimate: the two combined (geometric mean) | $18.4M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $4.2M |
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 | $18.4M |
| Multiple for this size and industry | 4.4× |
| Value range | $9.7M – $25.2M |
| Revenue range | $12.1M – $21.0M |
| EBITDA range | $2.8M – $4.8M |
| 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
- BankingStride Bank, National AssociationPPP / 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 Roles are as stated there and may be out of date.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
| Stride Bank, National Association PPP 2020, PPP 2021 | All 504 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $504K | 33 |
| 3/2/2021 | second | $504K | 30 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Rr Workover Rigs, LLC
Rr Workover Rigs, LLC is an oil & gas company in Ringwood, Oklahoma, in business since 2012. It is owned by OSCAR MELENDEZ. Its estimated annual revenue is about $18.4M, with roughly $4.2M of EBITDA. It has about 33 employees. Its estimated business value is $18.4M (likely range $9.7M–$25.2M).
Common questions
- Who owns Rr Workover Rigs, LLC?
- Rr Workover Rigs, LLC is owned by OSCAR MELENDEZ, according to public sources such as the company's website or filings.
- How much revenue does Rr Workover Rigs, LLC make?
- SeeBITDA estimates Rr Workover Rigs, LLC's annual revenue at about $18.4M (likely between $12.1M and $21.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rr Workover Rigs, LLC worth?
- About $18.4M, roughly 4.4× its estimated EBITDA of $4.2M, typical for a oil & gas company its size. Likely range: $9.7M–$25.2M.
- How many employees does Rr Workover Rigs, LLC have?
- About 33, as reported on its PPP loan.
- When was Rr Workover Rigs, LLC founded?
- Rr Workover Rigs, LLC has been in business since 2012.