SeeBITDAOklahoma

W Energy Software, L.L.C.

IT & software
  • 1 West Third Street Suite 1115, Tulsa, OK
  • Since 2019
  • NAICS 541511
Company websitewenergysoftware.comFind on LinkedInSearch LinkedIn for this company
Estimated valueLow confidence
$50.4M
$26.5Mlikely range$68.9M
About 6.5× its yearly profit, typical for a company this size in its industry.
Revenue
$57.8M
a year
Profit (EBITDA)
$7.8M
13% of revenue
Employees
248
reported in 2020
Leadership
FRANK FUDA
Vice President of Sales · source · confirmed by 2 sources · LinkedIn
Unlikely to sell soon
Has a management team. Someone besides the owner runs part of the business, which buyers pay more for.

How we got $50.4M

Based on its 248 employees and its payroll, both reported for PPP in 2020 and brought up to date.

248 employees × $350K each$86.8M
PPP payroll ÷ payroll's usual share of revenue$29.6M
Shown toward the top of its range×1.14
Revenue$57.8M
× 13% profit margin$7.8M
× 6.5 sale multiple = value$50.4M

· Own this business? Correct these figures

Estimated value over time

▲ 37% since 2020
$0$29.0M$57.9M20202026

Today'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

PPP loan, 2020
No 401(k) filing
No reported financials
Company website
Owner named

Signs of a sale Unlikely to sell soon

  • Investment from True Wind Capital (2022)

From public records and the company's website, not a statement that it's for sale.

What they do

W Energy is an oil and gas software company offering an integrated platform for upstream and midstream operators, connecting field operations to finance.

Products & services
Stream+ platformUpstream accountingUpstream LandProduction OperationsAuthorization for Expenditure (AFE)Field Service ManagementField Data GatheringPlant AccountingPipeline AccountingLand Right of WayBusiness IntelligenceDataView
Markets served
upstream oil and gas

From the company's website. Industry: IT & software.

Ownership & transactions

  • Majority investment from True Wind Capital · Jan 2022
    True Wind Capital made an investment in W Energy Software, Tulsa, Oklahoma, and a later result says True Wind completed the acquisition of W Energy Software from its portfolio owner M33 Growth.
    Source

Customers & suppliers

Customers

  • Kinetik Midstream · named on its website
  • Manti · named on its website
  • Cheyenne Petroleum · named on its website

Possible customers nearby

The largest businesses within about 60 miles in the markets its website says it serves.

Oil & gas

Compared with similar businesses nearby

BusinessEst. revenueEst. profitDistance
W ENERGY SOFTWARE, L.L.C.
this business
$57.8M$7.8M—
WTI HOLDINGS LLC
Tulsa · 142 employees
$70.8M$9.5M0.0 mi
Simplemachine
Tulsa
$1.1M$214K0.1 mi
POINT AND CLICK COMPUTER CONSULTING
Tulsa · 8 employees
$2.5M$440K0.1 mi
CAPSPIRE, INC
Tulsa · 76 employees
$35.3M$4.7M0.2 mi
AppSwarm, Inc.
Tulsa
$2.0M$391K0.2 mi
Secure Yeti
Tulsa
$1.6M$207K0.2 mi

The full calculation

Employees reported to the SBA248
Revenue from headcount (employees × revenue per employee for companies this size)$86.8M
Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size)$29.6M
Estimate: the two combined (geometric mean)$57.8M
EBITDA margin (industry, adjusted for size)13%
EBITDA = revenue × margin$7.8M

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$50.4M
Multiple for this size and industry6.5×
Value range$26.5M – $68.9M
Revenue range$38.0M – $65.9M
EBITDA range$5.1M – $8.8M
Industry (NAICS)Custom Computer Programming Services (541511)

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

History & advisors

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
All 2,399 borrowers →

From PPP and SBA loan records, which name the bank but not the individual banker.

PPP loans

ApprovedDrawAmountForgivenJobsLender
4/7/2020first$1.6M$1.6M248BOKF, National Association

Public records

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About W Energy Software, L.L.C.

W Energy Software, L.L.C. is an it & software company in Tulsa, Oklahoma, in business since 2019. It is owned by FRANK FUDA (Vice President of Sales). Its estimated annual revenue is about $57.8M, with roughly $7.8M of EBITDA. It has about 248 employees. Its estimated business value is $50.4M (likely range $26.5M–$68.9M).

Common questions

Who owns W Energy Software, L.L.C.?
W Energy Software, L.L.C. is owned by FRANK FUDA (Vice President of Sales), according to public sources such as the company's website or filings.
How much revenue does W Energy Software, L.L.C. make?
SeeBITDA estimates W Energy Software, L.L.C.'s annual revenue at about $57.8M (likely between $38.0M and $65.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
What is W Energy Software, L.L.C. worth?
About $50.4M, roughly 6.5× its estimated EBITDA of $7.8M, typical for a it & software company its size. Likely range: $26.5M–$68.9M.
How many employees does W Energy Software, L.L.C. have?
About 248, as reported on its PPP loan.
When was W Energy Software, L.L.C. founded?
W Energy Software, L.L.C. has been in business since 2019.