South Central Oilfield Services Inc
How we got $16.2M
Based on its 29 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
- In business 16 years (since 2010)
From public records and the company's website, not a statement that it's for sale.
What they do
South Central Oilfield Services, Inc. is an oilfield service company that says it provides roustabout, painting, welding, repair and general construction work, mainly for oil and gas companies in Southern Oklahoma.
From the company's website. Industry: Oil & gas.
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 |
|---|---|---|
| SOUTH CENTRAL OILFIELD SERVICES INC this business | $15.1M | — |
| WHATLEY'S CRANE SERVICE Wilson · 4 employees | $1.6M | 2.8 mi |
| WATKINS ENERGY SERVICES Healdton · 1 employees | $438K | 2.8 mi |
| PROCHEM ENERGY SERVICES, INC. Healdton · 69 employees | $40.0M | 2.8 mi |
| JEAN PUMP & SUPPLY INC Healdton · 1 employees | $395K | 2.9 mi |
| Shell Healdton | $1.5M | 3.2 mi |
| JONES PUMP AND SUPPLY INC. Healdton · 4 employees | $1.6M | 3.4 mi |
The full calculation
| Employees reported to the SBA | 29 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $13.5M |
| Estimate: the two combined (geometric mean) | $15.1M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $3.7M |
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 | $16.2M |
| Multiple for this size and industry | 4.4× |
| Value range | $8.5M – $22.1M |
| Revenue range | $9.9M – $17.2M |
| EBITDA range | $2.4M – $4.2M |
| 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
People & advisors
Advisors
- BankingFirst National Bank and Trust Company of ArdmorePPP / 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 National Bank and Trust Company of Ardmore PPP 2020, PPP 2021 | All 457 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/5/2020 | first | $382K | 29 |
| 1/20/2021 | second | $249K | 19 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About South Central Oilfield Services Inc
South Central Oilfield Services Inc is an oil & gas company in Wilson, Oklahoma, in business since 2010. Its estimated annual revenue is about $15.1M, with roughly $3.7M of EBITDA. It has about 29 employees. Its estimated business value is $16.2M (likely range $8.5M–$22.1M).
Common questions
- Who owns South Central Oilfield Services Inc?
- The owner of South Central Oilfield 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 South Central Oilfield Services Inc make?
- SeeBITDA estimates South Central Oilfield Services Inc's annual revenue at about $15.1M (likely between $9.9M and $17.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is South Central Oilfield Services Inc worth?
- About $16.2M, roughly 4.4× its estimated EBITDA of $3.7M, typical for a oil & gas company its size. Likely range: $8.5M–$22.1M.
- How many employees does South Central Oilfield Services Inc have?
- About 29, as reported on its PPP loan.
- When was South Central Oilfield Services Inc founded?
- South Central Oilfield Services Inc has been in business since 2010.