Triple B Oilfield Services Inc.
How we got $191.2M
Based on its 20 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▲ 25% since 2021Today'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 |
|---|---|---|
| TRIPLE B OILFIELD SERVICES INC. this business | $133.6M | — |
| RESISTOL SERVICES, LLC Elk City · 3 employees | $13.9M | 2.7 mi |
| MJ&E LLC Elk City · 1 employees | $5.8M | 3.4 mi |
| AMERICAN MANIFOLD, INC Elk City · 5 employees | $24.7M | 3.5 mi |
| RICK BAKER CONSULTING LLC Sayre · 2 employees | $6.6M | 3.7 mi |
| FRONTIER SERVICES LLC Elk City · 1 employees | $3.1M | 3.8 mi |
| SHANE BRINKLEY CONSULTING, LLC Elk City · 1 employees | $4.5M | 3.8 mi |
The full calculation
| Employees reported to the SBA | 20 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $97.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $141.0M |
| Estimate: the two combined (geometric mean) | $133.6M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $26.6M |
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 | $191.2M |
| Multiple for this size and industry | 7.2× |
| Value range | $100.6M – $261.6M |
| Revenue range | $87.9M – $152.3M |
| EBITDA range | $17.5M – $30.3M |
| Industry (NAICS) | Natural Gas Extraction (211130) |
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
- 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 Roles are as stated there and may be out of date.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 2021 | All 694 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/14/2021 | second | $610K | 20 |
About Triple B Oilfield Services Inc.
Triple B Oilfield Services Inc. is a natural gas extraction company in Elk City, Oklahoma. Its estimated annual revenue is about $133.6M, with roughly $26.6M of EBITDA. It has about 20 employees. Its estimated business value is $191.2M (likely range $100.6M–$261.6M).
Common questions
- Who owns Triple B Oilfield Services Inc.?
- The owner of Triple B 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 Triple B Oilfield Services Inc. make?
- SeeBITDA estimates Triple B Oilfield Services Inc.'s annual revenue at about $133.6M (likely between $87.9M and $152.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Triple B Oilfield Services Inc. worth?
- About $191.2M, roughly 7.2× its estimated EBITDA of $26.6M, typical for a natural gas extraction company its size. Likely range: $100.6M–$261.6M.
- How many employees does Triple B Oilfield Services Inc. have?
- About 20, as reported on its PPP loan.