Genie Well Service, Inc.
How we got $10.2M
Based on its 25 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| GENIE WELL SERVICE, INC. this business | $9.5M | — |
| Froman Oil & Propane Co Vinita | $1.5M | 1.7 mi |
| SHAMROCK OPERATING COMPANY LLC Afton · 6 employees | $1.8M | 11.8 mi |
| Kanoma Cooperative Association Big Cabin | $1.5M | 12.5 mi |
| BLUESTEM RESOURCES GROUP, LLC Vinita · 2 employees | $1.1M | 13.7 mi |
| BELL TECHNOLOGIES Pryor · 1 employees | $711K | 20.9 mi |
| Turner's LP Gas Locust Grove | $1.5M | 21.8 mi |
The full calculation
| Employees reported to the SBA | 25 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.1M |
| Estimate: the two combined (geometric mean) | $9.5M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.3M |
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 | $10.2M |
| Multiple for this size and industry | 4.4× |
| Value range | $5.4M – $14.0M |
| Revenue range | $6.3M – $10.9M |
| EBITDA range | $1.5M – $2.7M |
| 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
- BankingMidFirst 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 Roles are as stated there and may be out of date.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
| MidFirst Bank PPP 2020 | All 2,403 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/28/2020 | first | $252K | 25 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Genie Well Service, Inc.
Genie Well Service, Inc. is an oil & gas company in Disney, Oklahoma. It is owned by Michael Stovall (President). Its estimated annual revenue is about $9.5M, with roughly $2.3M of EBITDA. It has about 25 employees. Its estimated business value is $10.2M (likely range $5.4M–$14.0M).
Common questions
- Who owns Genie Well Service, Inc.?
- Genie Well Service, Inc. is owned by Michael Stovall (President), according to public sources such as the company's website or filings.
- How much revenue does Genie Well Service, Inc. make?
- SeeBITDA estimates Genie Well Service, Inc.'s annual revenue at about $9.5M (likely between $6.3M and $10.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Genie Well Service, Inc. worth?
- About $10.2M, roughly 4.4× its estimated EBITDA of $2.3M, typical for a oil & gas company its size. Likely range: $5.4M–$14.0M.
- How many employees does Genie Well Service, Inc. have?
- About 25, as reported on its PPP loan.