Westoak Production Services, Inc
How we got $17.0M
Based on its 34 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 25 years (since 2001)
From public records and the company's website, not a statement that it's for sale.
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.
Employees over time
▼ 6% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 34 | $12.3M |
| 2020 | Form 5500 | 39 | $14.1M |
| 2021 | Form 5500 | 35 | $12.6M |
| 2022 | Form 5500 | 35 | $12.6M |
| 2023 | Form 5500 | 31 | $11.2M |
| 2024 | Form 5500 | 31 | $11.2M |
| 2025 | Form 5500 | 32 | $11.5M |
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 |
|---|---|---|
| WESTOAK PRODUCTION SERVICES, INC this business | $15.8M | — |
| CASE WIRELINE SERVICES INC. Woodward · 25 employees | $13.1M | 0.1 mi |
| ATLAS DRILLING, LLC Woodward · 56 employees | $30.2M | 0.2 mi |
| DURANGO SERVICES, INC. Woodward · 35 employees | $24.4M | 0.3 mi |
| NORTH STAR WELL SERVICES INC Woodward · 23 employees | $15.0M | 0.3 mi |
| THI WIREROPE, LLC Woodward · 4 employees | $2.7M | 0.4 mi |
| EDGE SERVICES, INC. Woodward · 101 employees | $41.2M | 0.4 mi |
The full calculation
| Employees reported to the SBA | 34 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $15.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $12.7M |
| Estimate: the two combined (geometric mean) | $15.8M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $3.9M |
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 | $17.0M |
| Multiple for this size and industry | 4.4× |
| Value range | $8.9M – $23.2M |
| Revenue range | $10.4M – $18.0M |
| EBITDA range | $2.5M – $4.4M |
| 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
People & advisors
Advisors
- BankingBank 7PPP / 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
| Bank 7 PPP 2020, PPP 2021 | All 400 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/13/2020 | first | $360K | 34 |
| 1/17/2021 | second | $360K | 28 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Westoak Production Services, Inc
Westoak Production Services, Inc is an oil & gas company in Woodward, Oklahoma, in business since 2001. It is owned by Rita Kerby (Company Officer). Its estimated annual revenue is about $15.8M, with roughly $3.9M of EBITDA. It has about 32 employees. Its estimated business value is $17.0M (likely range $8.9M–$23.2M).
Common questions
- Who owns Westoak Production Services, Inc?
- Westoak Production Services, Inc is owned by Rita Kerby (Company Officer), according to public sources such as the company's website or filings.
- How much revenue does Westoak Production Services, Inc make?
- SeeBITDA estimates Westoak Production Services, Inc's annual revenue at about $15.8M (likely between $10.4M and $18.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Westoak Production Services, Inc worth?
- About $17.0M, roughly 4.4× its estimated EBITDA of $3.9M, typical for a oil & gas company its size. Likely range: $8.9M–$23.2M.
- How many employees does Westoak Production Services, Inc have?
- About 32, from its 2025 retirement-plan filing.
- When was Westoak Production Services, Inc founded?
- Westoak Production Services, Inc has been in business since 2001.