Platinum Oilfield Services LLC
How we got $2.2M
Based on its 8 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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 |
|---|---|---|
| PLATINUM OILFIELD SERVICES LLC this business | $2.7M | — |
| M&W OIL FIELD SERVICE LLC Coalgate · 10 employees | $2.1M | 0.1 mi |
| M & W OIL FIELD SERVICES LLC Coalgate · 10 employees | $2.1M | 0.2 mi |
| BLACK HAWK SERVICES, L.L.C. Coalgate · 24 employees | $7.3M | 4.7 mi |
| AWL SERVICES LLC Centrahoma · 3 employees | $1.1M | 7.4 mi |
| DAVID WRIGHT Stonewall · 1 employees | $419K | 17.1 mi |
| TRINITY OIL AND GAS PRODUCERS LLC Allen · 2 employees | $608K | 19.1 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.5M |
| Estimate: the two combined (geometric mean) | $2.7M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $740K |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has fallen 12% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $2.2M |
| Multiple for this size and industry | 3× |
| Value range | $1.3M – $3.5M |
| Revenue range | $2.0M – $3.5M |
| EBITDA range | $555K – $962K |
| 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
- BankingFirst United Bank and Trust CompanyPPP / 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 Roles are as stated there and may be out of date.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
| First United Bank and Trust Company PPP 2020 | All 2,229 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $139K | 8 |
About Platinum Oilfield Services LLC
Platinum Oilfield Services LLC is an oil & gas company in Coalgate, Oklahoma. Its estimated annual revenue is about $2.7M, with roughly $740K of EBITDA. It has about 8 employees. Its estimated business value is $2.2M (likely range $1.3M–$3.5M).
Common questions
- Who owns Platinum Oilfield Services LLC?
- The owner of Platinum Oilfield Services 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 Platinum Oilfield Services LLC make?
- SeeBITDA estimates Platinum Oilfield Services LLC's annual revenue at about $2.7M (likely between $2.0M and $3.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Platinum Oilfield Services LLC worth?
- About $2.2M, roughly 3× its estimated EBITDA of $740K, typical for a oil & gas company its size. Likely range: $1.3M–$3.5M.
- How many employees does Platinum Oilfield Services LLC have?
- About 8, as reported on its PPP loan.