Bruce Jones' Oilfield Service Company, Inc.
How we got $6.5M
Based on its 17 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
Signs of a sale Some signs of a sale
- In business 27 years (since 1999)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| BRUCE JONES' OILFIELD SERVICE COMPANY, INC. this business | $6.5M | — |
| RTS SALTWATER INJECTION PUMP SALES AND SERVICE LLC Lindsay · 7 employees | $3.2M | 0.4 mi |
| VENTURE PIPE AND SUPPLY INC. Lindsay · 113 employees | $42.7M | 0.4 mi |
| WEBB OIL COMPANY, INC. Lindsay · 12 employees | $5.4M | 0.5 mi |
| DORMAN SERVICE COMPANY, INC Lindsay · 9 employees | $3.9M | 0.5 mi |
| B & B TOOL CO., INC Lindsay · 2 employees | $831K | 0.6 mi |
| HASSLER HOT OIL SERVICE, LLC Lindsay · 4 employees | $2.2M | 0.6 mi |
The full calculation
| Employees reported to the SBA | 17 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $5.5M |
| Estimate: the two combined (geometric mean) | $6.5M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $1.8M |
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 | $6.5M |
| Multiple for this size and industry | 3.6× |
| Value range | $3.4M – $8.9M |
| Revenue range | $4.3M – $7.5M |
| EBITDA range | $1.2M – $2.1M |
| 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 of LindsayPPP / 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
| The First National Bank of Lindsay PPP 2020 | All 58 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $169K | 17 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Bruce Jones' Oilfield Service Company, Inc.
Bruce Jones' Oilfield Service Company, Inc. is an oil & gas company in Lindsay, Oklahoma, in business since 1999. Its estimated annual revenue is about $6.5M, with roughly $1.8M of EBITDA. It has about 17 employees. Its estimated business value is $6.5M (likely range $3.4M–$8.9M).
Common questions
- Who owns Bruce Jones' Oilfield Service Company, Inc.?
- The owner of Bruce Jones' Oilfield Service Company, 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 Bruce Jones' Oilfield Service Company, Inc. make?
- SeeBITDA estimates Bruce Jones' Oilfield Service Company, Inc.'s annual revenue at about $6.5M (likely between $4.3M and $7.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Bruce Jones' Oilfield Service Company, Inc. worth?
- About $6.5M, roughly 3.6× its estimated EBITDA of $1.8M, typical for a oil & gas company its size. Likely range: $3.4M–$8.9M.
- How many employees does Bruce Jones' Oilfield Service Company, Inc. have?
- About 17, as reported on its PPP loan.
- When was Bruce Jones' Oilfield Service Company, Inc. founded?
- Bruce Jones' Oilfield Service Company, Inc. has been in business since 1999.