Spartin Well Service LLC
How we got $883K
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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 |
|---|---|---|
| SPARTIN WELL SERVICE LLC this business | $1.1M | — |
| C & T OIL CO., INC. Hominy · 2 employees | $728K | 0.6 mi |
| STEVE CLEMISHIRE OIL CO Hominy · 2 employees | $1.1M | 1.1 mi |
| THE PUMP SHOP, INC Hominy · 2 employees | $1.0M | 1.2 mi |
| EYLER DRILLING, INC. Hominy · 20 employees | $8.2M | 1.2 mi |
| HORTON TOOL CORPORATION Hominy · 8 employees | $3.3M | 1.2 mi |
| REED ENGINE & PUMP REPAIR LLC Hominy · 2 employees | $907K | 1.3 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $654K |
| Estimate: the two combined (geometric mean) | $1.1M |
| EBITDA margin (industry, adjusted for size) | 34% |
| EBITDA = revenue × margin | $368K |
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 | $883K |
| Multiple for this size and industry | 2.4× |
| Value range | $465K – $1.2M |
| Revenue range | $720K – $1.2M |
| EBITDA range | $242K – $419K |
| 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
- Banking1st Bank in HominyPPP / 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 Roles are as stated there and may be out of date.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
| 1st Bank in Hominy PPP 2020, PPP 2021 | All 34 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $16K | 3 |
| 2/25/2021 | second | $16K | 1 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Spartin Well Service LLC
Spartin Well Service LLC is an oil & gas company in Hominy, Oklahoma, in business since 2013. Its estimated annual revenue is about $1.1M, with roughly $368K of EBITDA. It has about 3 employees. Its estimated business value is $883K (likely range $465K–$1.2M).
Common questions
- Who owns Spartin Well Service LLC?
- The owner of Spartin Well Service LLC 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 Spartin Well Service LLC make?
- SeeBITDA estimates Spartin Well Service LLC's annual revenue at about $1.1M (likely between $720K and $1.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spartin Well Service LLC worth?
- About $883K, roughly 2.4× its estimated EBITDA of $368K, typical for a oil & gas company its size. Likely range: $465K–$1.2M.
- How many employees does Spartin Well Service LLC have?
- About 3, as reported on its PPP loan.
- When was Spartin Well Service LLC founded?
- Spartin Well Service LLC has been in business since 2013.