Top Hand Field Services, LLC
How we got $89.3M
Based on 100 employees reported for PPP in 2020, grown at the industry's Oklahoma rate since.
What we know
What they do
Top Hand Field Services is a privately-owned company offering hydro excavation, hydrovac, and field services across Oklahoma for agricultural, commercial, industrial, pipeline, and infrastructure projects.
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 |
|---|---|---|
| TOP HAND FIELD SERVICES, LLC this business | $65.5M | — |
| LEGACY DRILLING, LLC Stillwater · 15 employees | $8.3M | 0.5 mi |
| SPECIAL ENERGY CORPORATION Stillwater · 18 employees | $10.3M | 2.4 mi |
| OPTIMAL PIPELINE SOLUTIONS, L.L.C. Stillwater | $3.3M | 2.8 mi |
| EARL OIL, INC. Stillwater · 1 employees | $378K | 5.2 mi |
| B D B LLC Stillwater · 3 employees | $1.3M | 5.2 mi |
| TERRITORY RESOURCES, LLC Stillwater · 43 employees | $22.2M | 5.5 mi |
The full calculation
| Employees reported to the SBA | 100 |
| Industry revenue per employee | $361K |
| Revenue = employees × revenue per employee | $65.5M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $14.9M |
| Cross-check: revenue implied by PPP payroll | $9.2M |
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 | $89.3M |
| Multiple for this size and industry | 6× |
| Value range | $42.3M – $126.8M |
| Revenue range | $38.8M – $77.5M |
| EBITDA range | $8.8M – $17.6M |
| 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
- BankingExchange Bank and Trust CompanyPPP / 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
| Exchange Bank and Trust Company PPP 2020, PPP 2021 | All 217 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $249K | 100 |
| 2/1/2021 | second | $142K | 13 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Top Hand Field Services, LLC
Top Hand Field Services, LLC is an oil & gas company in Stillwater, Oklahoma, in business since 2015. It is owned by Morgan Satterwhite. Its estimated annual revenue is about $65.5M, with roughly $14.9M of EBITDA. It has about 100 employees. Its estimated business value is $89.3M (likely range $42.3M–$126.8M).
Common questions
- Who owns Top Hand Field Services, LLC?
- Top Hand Field Services, LLC is owned by Morgan Satterwhite, according to public sources such as the company's website or filings.
- How much revenue does Top Hand Field Services, LLC make?
- SeeBITDA estimates Top Hand Field Services, LLC's annual revenue at about $65.5M (likely between $38.8M and $77.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Top Hand Field Services, LLC worth?
- About $89.3M, roughly 6× its estimated EBITDA of $14.9M, typical for a oil & gas company its size. Likely range: $42.3M–$126.8M.
- How many employees does Top Hand Field Services, LLC have?
- About 100, as reported on its PPP loan.
- When was Top Hand Field Services, LLC founded?
- Top Hand Field Services, LLC has been in business since 2015.