Mills Well Service, Inc.
How we got $28.9M
Based on its 50 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 19 years (since 2007)
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 |
|---|---|---|
| MILLS WELL SERVICE, INC. this business | $24.4M | — |
| BILL WEEMS OIL, L.L.C. Seminole · 3 employees | $1.7M | 0.5 mi |
| CONSOLIDATED PRODUCTION INC. Seminole · 1 employees | $366K | 0.8 mi |
| ABOSS LLC Seminole · 1 employees | $557K | 0.9 mi |
| MIDWEST LOGGING & PERFORATING, INC. Seminole · 2 employees | $930K | 2.1 mi |
| DAKOTA ROYALTIES, INC. Seminole · 2 employees | $685K | 3.7 mi |
| Seminole Mud Co. Seminole | $1.5M | 3.9 mi |
The full calculation
| Employees reported to the SBA | 50 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $22.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $20.7M |
| Estimate: the two combined (geometric mean) | $24.4M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $5.6M |
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 | $28.9M |
| Multiple for this size and industry | 5.2× |
| Value range | $15.2M – $39.5M |
| Revenue range | $16.1M – $27.9M |
| EBITDA range | $3.7M – $6.3M |
| 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
- BankingBancFirstPPP / 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 Roles are as stated there and may be out of date.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
| BancFirst PPP 2020, PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/26/2020 | first | $585K | 50 |
| 1/23/2021 | second | $586K | 29 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mills Well Service, Inc.
Mills Well Service, Inc. is an oil & gas company in Seminole, Oklahoma, in business since 2007. Its estimated annual revenue is about $24.4M, with roughly $5.6M of EBITDA. It has about 50 employees. Its estimated business value is $28.9M (likely range $15.2M–$39.5M).
Common questions
- Who owns Mills Well Service, Inc.?
- The owner of Mills Well Service, 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 Mills Well Service, Inc. make?
- SeeBITDA estimates Mills Well Service, Inc.'s annual revenue at about $24.4M (likely between $16.1M and $27.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mills Well Service, Inc. worth?
- About $28.9M, roughly 5.2× its estimated EBITDA of $5.6M, typical for a oil & gas company its size. Likely range: $15.2M–$39.5M.
- How many employees does Mills Well Service, Inc. have?
- About 50, as reported on its PPP loan.
- When was Mills Well Service, Inc. founded?
- Mills Well Service, Inc. has been in business since 2007.