Steel Service Oilfield Tubular, Inc.
How we got $7.2M
Based on its 15 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 47 years (since 1979)
From public records and the company's website, not a statement that it's for sale.
What they do
Steel Service OilField Tubular, founded in 1979, is a distributor of oil country tubular goods that maintains inventory of production, workstring, injection and refrac tubing and accessories for oilfield production needs.
From the company's website. Industry: Oil and Gas Field Machinery and Equipment Manufacturing.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- EXPLORER PIPELINE COMPANY · Tulsa, 3 mi · $619.2M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 4 mi · $467.7M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 8 mi · $326.7M
- BKG INDUSTRIES, LLC · Stigler, 69 mi · $318.2M
- SUPERIOR MIDSTREAM, LLC · Tulsa, 8 mi · $315.1M
Estimated value over time
▼ 13% 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.
Employees over time
▲ 13% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 15 | $8.4M |
| 2020 | Form 5500 | 17 | $9.5M |
| 2021 | Form 5500 | 18 | $10.0M |
| 2022 | Form 5500 | 17 | $9.5M |
| 2023 | Form 5500 | 16 | $8.9M |
| 2024 | Form 5500 | 17 | $9.5M |
| 2025 | Form 5500 | 17 | $9.5M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| STEEL SERVICE OILFIELD TUBULAR, INC. this business | $13.7M | — |
| PDLA, LLC Tulsa · 1 employees | $1.1M | 0.0 mi |
| PIPE DREAM INVESTMENTS LLC Tulsa · 3 employees | $3.2M | 0.0 mi |
| VORTEX FLUID SYSTEMS INC Tulsa · 17 employees | $11.6M | 0.8 mi |
| TRI STATE INDUSTRIES OF TULSA LLC Tulsa · 11 employees | $8.3M | 1.7 mi |
| GEN-X MACHINE TECHNOLOGIES, INC Tulsa · 30 employees | $23.1M | 1.9 mi |
| WOOLSLAYER COMPANIES, INC. Tulsa · 59 employees | $53.7M | 2.3 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $16.1M |
| Estimate: the two combined (geometric mean) | $13.7M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $1.5M |
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 | $7.2M |
| Multiple for this size and industry | 4.7× |
| Value range | $3.8M – $9.8M |
| Revenue range | $9.0M – $15.6M |
| EBITDA range | $1.0M – $1.7M |
| Industry (NAICS) | Oil and Gas Field Machinery and Equipment Manufacturing (333132) |
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
“Established in 1979, we have successfully grown our market-share through the years by cultivating relationships with suppliers and customers alike, built on trust, quality, and service.”
Leadership
- BHBuddy HotardOutside Sales Manager · Company website · source
Advisors
- BankingBOKF, 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
| BOKF, National Association PPP 2020, PPP 2021 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $325K | 15 |
| 2/5/2021 | second | $325K | 15 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Steel Service Oilfield Tubular, Inc.
Steel Service Oilfield Tubular, Inc. is an oil and gas field machinery and equipment manufacturing company in Tulsa, Oklahoma, in business since 1979. Its estimated annual revenue is about $13.7M, with roughly $1.5M of EBITDA. It has about 17 employees. Its estimated business value is $7.2M (likely range $3.8M–$9.8M).
Common questions
- Who owns Steel Service Oilfield Tubular, Inc.?
- The owner of Steel Service Oilfield Tubular, 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 Steel Service Oilfield Tubular, Inc. make?
- SeeBITDA estimates Steel Service Oilfield Tubular, Inc.'s annual revenue at about $13.7M (likely between $9.0M and $15.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Steel Service Oilfield Tubular, Inc. worth?
- About $7.2M, roughly 4.7× its estimated EBITDA of $1.5M, typical for a oil and gas field machinery and equipment manufacturing company its size. Likely range: $3.8M–$9.8M.
- How many employees does Steel Service Oilfield Tubular, Inc. have?
- About 17, from its 2025 retirement-plan filing.
- When was Steel Service Oilfield Tubular, Inc. founded?
- Steel Service Oilfield Tubular, Inc. has been in business since 1979.