Rufnex Oilfield Services LLC
How we got $137.5M
Based on 176 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| RUFNEX OILFIELD SERVICES LLC this business | $115.3M | — |
| REDNEX OILFIELD RENTALS LLC Oklahoma City · 68 employees | $35.7M | 0.1 mi |
| RUFNEX RENTALS, INCORPORATED Oklahoma City · 56 employees | $29.4M | 0.1 mi |
| Tech Service Products Inc Oklahoma City | $1.5M | 0.2 mi |
| TRI - POWER ENERGY SERVICES, LLC Oklahoma City · 36 employees | $21.7M | 0.2 mi |
| Hawkeye Directional, Llc Oklahoma City | $1.5M | 0.5 mi |
| DNOW Oklahoma City | $1.5M | 0.6 mi |
The full calculation
| Employees reported to the SBA | 176 |
| Industry revenue per employee | $361K |
| Revenue = employees × revenue per employee | $115.3M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $22.9M |
| Cross-check: revenue implied by PPP payroll | $16.7M |
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 | $137.5M |
| Multiple for this size and industry | 6× |
| Value range | $65.1M – $195.2M |
| Revenue range | $68.2M – $136.4M |
| EBITDA range | $13.6M – $27.1M |
| 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
- BankingBlue Sky Bank, US Eagle FCUPPP / 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 Roles are as stated there and may be out of date.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
| Blue Sky Bank PPP 2020, PPP 2021 | All 430 borrowers → |
| US Eagle FCU 7(a) 2021 | All 4 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $453K | 156 |
| 1/26/2021 | second | $897K | 176 |
Public records
| Feb 2021 | 7(a) | $2.1M |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Rufnex Oilfield Services LLC
Rufnex Oilfield Services LLC is an oil & gas company in Oklahoma City, Oklahoma, in business since 2014. It is owned by Mike Holland. Its estimated annual revenue is about $115.3M, with roughly $22.9M of EBITDA. It has about 176 employees. Its estimated business value is $137.5M (likely range $65.1M–$195.2M).
Common questions
- Who owns Rufnex Oilfield Services LLC?
- Rufnex Oilfield Services LLC is owned by Mike Holland, according to public sources such as the company's website or filings.
- How much revenue does Rufnex Oilfield Services LLC make?
- SeeBITDA estimates Rufnex Oilfield Services LLC's annual revenue at about $115.3M (likely between $68.2M and $136.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Rufnex Oilfield Services LLC worth?
- About $137.5M, roughly 6× its estimated EBITDA of $22.9M, typical for a oil & gas company its size. Likely range: $65.1M–$195.2M.
- How many employees does Rufnex Oilfield Services LLC have?
- About 176, as reported on its PPP loan.
- When was Rufnex Oilfield Services LLC founded?
- Rufnex Oilfield Services LLC has been in business since 2014.