Double R Service Co, Inc
How we got $6.2M
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 Some signs of a sale
- In business 26 years (since 2000)
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| DOUBLE R SERVICE CO, INC this business | $6.2M | — |
| D & B OILFIELD SERVICES, INC Ringwood · 25 employees | $13.8M | 1.1 mi |
| R&R ROUSTABOUT SERVICES LLC Ringwood · 42 employees | $23.9M | 1.3 mi |
| RR OILFIELD RENTAL SERVICES, LLC Ringwood · 15 employees | $9.3M | 1.3 mi |
| RR WORKOVER RIGS, LLC Ringwood · 33 employees | $18.4M | 1.3 mi |
| SUPERIOR TANK TRUCK SERVICE LLC Ringwood · 10 employees | $3.9M | 1.5 mi |
| LUCAS WELL SERVICE, LLC Ringwood · 10 employees | $2.9M | 1.7 mi |
The full calculation
| Employees reported to the SBA | 13 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $4.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.5M |
| Estimate: the two combined (geometric mean) | $6.2M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $1.7M |
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 | $6.2M |
| Multiple for this size and industry | 3.6× |
| Value range | $3.3M – $8.5M |
| Revenue range | $4.1M – $7.1M |
| EBITDA range | $1.1M – $2.0M |
| 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
- BankingCowboy BankPPP / 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
| Cowboy Bank 7(a) 2020, PPP 2020, PPP 2021 | All 286 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $198K | 13 |
| 2/26/2021 | second | $203K | 10 |
Public records
| Sep 2020 | 7(a) | $270K |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Double R Service Co, Inc
Double R Service Co, Inc is an oil & gas company in Ringwood, Oklahoma, in business since 2000. Its estimated annual revenue is about $6.2M, with roughly $1.7M of EBITDA. It has about 13 employees. Its estimated business value is $6.2M (likely range $3.3M–$8.5M).
Common questions
- Who owns Double R Service Co, Inc?
- The owner of Double R Service Co, 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 Double R Service Co, Inc make?
- SeeBITDA estimates Double R Service Co, Inc's annual revenue at about $6.2M (likely between $4.1M and $7.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Double R Service Co, Inc worth?
- About $6.2M, roughly 3.6× its estimated EBITDA of $1.7M, typical for a oil & gas company its size. Likely range: $3.3M–$8.5M.
- How many employees does Double R Service Co, Inc have?
- About 13, as reported on its PPP loan.
- When was Double R Service Co, Inc founded?
- Double R Service Co, Inc has been in business since 2000.