Crossroads Pipeline Services
How we got $7.1M
Based on its 16 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
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| CROSSROADS PIPELINE SERVICES this business | $7.1M | — |
| BEAR ENERGY, LLC Drumright · 3 employees | $1.8M | 0.3 mi |
| RC DRILLING LLC Drumright · 12 employees | $4.3M | 0.5 mi |
| DOUTHETT, LLC Drumright · 3 employees | $2.1M | 0.7 mi |
| GADSDEN FISHING & RENTAL TOOLS LLC Drumright · 4 employees | $1.6M | 0.8 mi |
| YOUNG TOOL COMPANY LLC Drumright · 6 employees | $2.5M | 1.3 mi |
| SHIDELER ENTERPRISES INC Drumright · 2 employees | $834K | 1.5 mi |
The full calculation
| Employees reported to the SBA | 16 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $5.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.9M |
| Estimate: the two combined (geometric mean) | $7.1M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $2.0M |
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 | $7.1M |
| Multiple for this size and industry | 3.6× |
| Value range | $3.7M – $9.7M |
| Revenue range | $4.7M – $8.1M |
| EBITDA range | $1.3M – $2.2M |
| 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
- BankingSpiritBankPPP / 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 Roles are as stated there and may be out of date.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
| SpiritBank PPP 2020, PPP 2021 | All 369 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $210K | 16 |
| 1/23/2021 | second | $128K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Crossroads Pipeline Services
Crossroads Pipeline Services is an oil & gas company in Drumright, Oklahoma, in business since 2016. Its estimated annual revenue is about $7.1M, with roughly $2.0M of EBITDA. It has about 16 employees. Its estimated business value is $7.1M (likely range $3.7M–$9.7M).
Common questions
- Who owns Crossroads Pipeline Services?
- The owner of Crossroads Pipeline Services 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 Crossroads Pipeline Services make?
- SeeBITDA estimates Crossroads Pipeline Services's annual revenue at about $7.1M (likely between $4.7M and $8.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Crossroads Pipeline Services worth?
- About $7.1M, roughly 3.6× its estimated EBITDA of $2.0M, typical for a oil & gas company its size. Likely range: $3.7M–$9.7M.
- How many employees does Crossroads Pipeline Services have?
- About 16, as reported on its PPP loan.
- When was Crossroads Pipeline Services founded?
- Crossroads Pipeline Services has been in business since 2016.