Baker Well Service, Inc.
How we got $5.8M
Based on its 13 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 22 years (since 2004)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 5% 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 |
|---|---|---|
| BAKER WELL SERVICE, INC. this business | $5.8M | — |
| DANNY WICK EXCAVATING LLC Stillwater · 6 employees | $2.5M | 2.4 mi |
| OILFIELD TRAINING LLC Stillwater · 1 employees | $418K | 2.9 mi |
| SOAR ENERGY SOLUTIONS LLC Stillwater · 20 employees | $11.2M | 3.4 mi |
| BEDLAM OILFIELD SERVICES LLC Stillwater · 4 employees | $1.9M | 3.9 mi |
| IKE ENERGY, LLC Stillwater · 1 employees | $711K | 3.9 mi |
| TERRITORY RESOURCES, LLC Stillwater · 43 employees | $22.2M | 4.7 mi |
The full calculation
| Employees reported to the SBA | 13 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.7M |
| Estimate: the two combined (geometric mean) | $5.8M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $1.6M |
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 | $5.8M |
| Multiple for this size and industry | 3.6× |
| Value range | $3.0M – $7.9M |
| Revenue range | $3.8M – $6.6M |
| EBITDA range | $1.1M – $1.8M |
| Industry (NAICS) | Drilling Oil and Gas Wells (213111) |
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
- BankingBancFirstPPP / 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 Roles are as stated there and may be out of date.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
| BancFirst PPP 2020, PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $141K | 13 |
| 1/23/2021 | second | $141K | 12 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Baker Well Service, Inc.
Baker Well Service, Inc. is an oil & gas company in Stillwater, Oklahoma, in business since 2004. Its estimated annual revenue is about $5.8M, with roughly $1.6M of EBITDA. It has about 13 employees. Its estimated business value is $5.8M (likely range $3.0M–$7.9M).
Common questions
- Who owns Baker Well Service, Inc.?
- The owner of Baker Well Service, 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 Baker Well Service, Inc. make?
- SeeBITDA estimates Baker Well Service, Inc.'s annual revenue at about $5.8M (likely between $3.8M and $6.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Baker Well Service, Inc. worth?
- About $5.8M, roughly 3.6× its estimated EBITDA of $1.6M, typical for a oil & gas company its size. Likely range: $3.0M–$7.9M.
- How many employees does Baker Well Service, Inc. have?
- About 13, as reported on its PPP loan.
- When was Baker Well Service, Inc. founded?
- Baker Well Service, Inc. has been in business since 2004.