Triple B Oilfield Service Incorporated
How we got $18.7M
Based on its 28 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TRIPLE B OILFIELD SERVICE INCORPORATED this business | $18.7M | — |
| TOM'S HOTSHOT&LIBRICATOR SERVI Elk City · 10 employees | $4.8M | 0.7 mi |
| HUTTON, INC. Elk City · 19 employees | $7.9M | 0.8 mi |
| RUTHERFORD PUMPING SERVICES, LLC Elk City · 4 employees | $1.8M | 1.1 mi |
| RUTHERFORD PUMPLING SERVICE LLC Elk City · 4 employees | $1.5M | 1.1 mi |
| ODIS CRANE & EQUIPMENT, LLC Elk City · 10 employees | $4.9M | 1.4 mi |
| R M WATSON MUD ENGINEERING LLC Elk City · 1 employees | $540K | 1.7 mi |
The full calculation
| Employees reported to the SBA | 28 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $12.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $21.6M |
| Estimate: the two combined (geometric mean) | $18.7M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $4.2M |
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 | $18.7M |
| Multiple for this size and industry | 4.4× |
| Value range | $9.8M – $25.6M |
| Revenue range | $12.3M – $21.3M |
| EBITDA range | $2.8M – $4.8M |
| 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
History & advisors
Advisors
- BankingThe First National Bank & TrustPPP / 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 Roles are as stated there and may be out of date.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 Bank and Trust Co PPP 2020 | All 694 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 | $610K | 28 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Triple B Oilfield Service Incorporated
Triple B Oilfield Service Incorporated is an oil & gas company in Elk City, Oklahoma. It is owned by Kenneth Bonner. Its estimated annual revenue is about $18.7M, with roughly $4.2M of EBITDA. It has about 28 employees. Its estimated business value is $18.7M (likely range $9.8M–$25.6M).
Common questions
- Who owns Triple B Oilfield Service Incorporated?
- Triple B Oilfield Service Incorporated is owned by Kenneth Bonner, according to public sources such as the company's website or filings.
- How much revenue does Triple B Oilfield Service Incorporated make?
- SeeBITDA estimates Triple B Oilfield Service Incorporated's annual revenue at about $18.7M (likely between $12.3M and $21.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Triple B Oilfield Service Incorporated worth?
- About $18.7M, roughly 4.4× its estimated EBITDA of $4.2M, typical for a oil & gas company its size. Likely range: $9.8M–$25.6M.
- How many employees does Triple B Oilfield Service Incorporated have?
- About 28, as reported on its PPP loan.