Grubbs Well Testing
How we got $632K
Based on its 2 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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 |
|---|---|---|
| GRUBBS WELL TESTING this business | $668K | — |
| Vz Environmental Altus | $1.5M | 1.8 mi |
| MARTINEZ WELL SERVICES LLC Altus · 1 employees | $557K | 10.7 mi |
| DOUBLE H FLOWBACK SERVICES LLC Blair · 1 employees | $444K | 10.9 mi |
| WILLISCHILD OIL AND GAS CORP. Snyder · 8 employees | $2.3M | 20.7 mi |
| TITAN SERVICES OF OKLAHOMA, LLC Granite · 4 employees | $1.4M | 23.1 mi |
| STRATA-GIZE CONSULTING LLC Granite · 1 employees | $493K | 23.4 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $941K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $365K |
| Estimate: the two combined (geometric mean) | $668K |
| EBITDA margin (industry, adjusted for size) | 39% |
| EBITDA = revenue × margin | $263K |
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 | $632K |
| Multiple for this size and industry | 2.4× |
| Value range | $332K – $864K |
| Revenue range | $440K – $762K |
| EBITDA range | $173K – $300K |
| Industry (NAICS) | Drilling Oil and Gas Wells (213111) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingFrazer 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 Roles are as stated there and may be out of date.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
| Frazer Bank PPP 2020, PPP 2021 | All 177 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $10K | 2 |
| 1/16/2021 | second | $10K | 2 |
About Grubbs Well Testing
Grubbs Well Testing is an oil & gas company in Altus, Oklahoma. Its estimated annual revenue is about $668K, with roughly $263K of EBITDA. It has about 2 employees. Its estimated business value is $632K (likely range $332K–$864K).
Common questions
- Who owns Grubbs Well Testing?
- The owner of Grubbs Well Testing 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 Grubbs Well Testing make?
- SeeBITDA estimates Grubbs Well Testing's annual revenue at about $668K (likely between $440K and $762K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Grubbs Well Testing worth?
- About $632K, roughly 2.4× its estimated EBITDA of $263K, typical for a oil & gas company its size. Likely range: $332K–$864K.
- How many employees does Grubbs Well Testing have?
- About 2, as reported on its PPP loan.