Kings Well Service LLC
How we got $10.1M
Based on its 19 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 24 years (since 2002)
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 |
|---|---|---|
| KINGS WELL SERVICE LLC this business | $8.3M | — |
| STIMULATION PUMPING SERVICES INC Blackwell · 41 employees | $23.4M | 0.3 mi |
| PULLER'S OIL COMPANY, LLC Blackwell · 2 employees | $1.2M | 0.4 mi |
| WARD OILFIELD SERVICES LLC Blackwell · 2 employees | $1.0M | 0.7 mi |
| KEENEY DIRECTIONAL SERVICES LLC Blackwell · 1 employees | $499K | 1.6 mi |
| BIG DIPPER HOT OIL, INC. Blackwell · 6 employees | $2.6M | 2.4 mi |
| O-K BIT SERVICE INC. Tonkawa · 18 employees | $8.5M | 7.6 mi |
The full calculation
| Employees reported to the SBA | 19 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.9M |
| Estimate: the two combined (geometric mean) | $8.3M |
| EBITDA margin (industry, adjusted for size) | 28% |
| 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 | $10.1M |
| Multiple for this size and industry | 4.4× |
| Value range | $5.3M – $13.9M |
| Revenue range | $5.5M – $9.5M |
| EBITDA range | $1.5M – $2.6M |
| 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
People & advisors
Advisors
- BankingBank 7PPP / 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
| Bank 7 PPP 2020 | All 400 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 | $243K | 19 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Kings Well Service LLC
Kings Well Service LLC is an oil & gas company in Blackwell, Oklahoma, in business since 2002. Its estimated annual revenue is about $8.3M, with roughly $2.3M of EBITDA. It has about 19 employees. Its estimated business value is $10.1M (likely range $5.3M–$13.9M).
Common questions
- Who owns Kings Well Service LLC?
- The owner of Kings Well Service LLC 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 Kings Well Service LLC make?
- SeeBITDA estimates Kings Well Service LLC's annual revenue at about $8.3M (likely between $5.5M and $9.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Kings Well Service LLC worth?
- About $10.1M, roughly 4.4× its estimated EBITDA of $2.3M, typical for a oil & gas company its size. Likely range: $5.3M–$13.9M.
- How many employees does Kings Well Service LLC have?
- About 19, as reported on its PPP loan.
- When was Kings Well Service LLC founded?
- Kings Well Service LLC has been in business since 2002.