Surge Well Service Inc
How we got $12.6M
Based on its 25 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 18 years (since 2008)
From public records and the company's website, not a statement that it's for sale.
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 |
|---|---|---|
| SURGE WELL SERVICE INC this business | $11.7M | — |
| R&S HYDROTESTING, INC. Hennessey · 5 employees | $1.6M | 0.5 mi |
| RANGER OILFIELD SERVICE, CORPORATION Hennessey · 58 employees | $30.7M | 0.6 mi |
| TRIPLE J WELL SERVICE CORP Hennessey · 10 employees | $3.7M | 0.6 mi |
| R&S SWABBING, INC. Hennessey · 6 employees | $3.1M | 0.6 mi |
| JP HYDROTESTING LLC Hennessey · 8 employees | $3.5M | 0.6 mi |
| LINCOLN SERVICES LLC Hennessey · 3 employees | $1.8M | 0.7 mi |
The full calculation
| Employees reported to the SBA | 25 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $9.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $10.7M |
| Estimate: the two combined (geometric mean) | $11.7M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.9M |
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 | $12.6M |
| Multiple for this size and industry | 4.4× |
| Value range | $6.6M – $17.2M |
| Revenue range | $7.7M – $13.4M |
| EBITDA range | $1.9M – $3.3M |
| 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
- BankingF & M 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 Roles are as stated there and may be out of date.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
| F & M Bank PPP 2020, PPP 2021 | All 379 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $380K | 25 |
| 1/19/2021 | second | $380K | 23 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Surge Well Service Inc
Surge Well Service Inc is an oil & gas company in Hennessey, Oklahoma, in business since 2008. Its estimated annual revenue is about $11.7M, with roughly $2.9M of EBITDA. It has about 25 employees. Its estimated business value is $12.6M (likely range $6.6M–$17.2M).
Common questions
- Who owns Surge Well Service Inc?
- The owner of Surge 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 Surge Well Service Inc make?
- SeeBITDA estimates Surge Well Service Inc's annual revenue at about $11.7M (likely between $7.7M and $13.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Surge Well Service Inc worth?
- About $12.6M, roughly 4.4× its estimated EBITDA of $2.9M, typical for a oil & gas company its size. Likely range: $6.6M–$17.2M.
- How many employees does Surge Well Service Inc have?
- About 25, as reported on its PPP loan.
- When was Surge Well Service Inc founded?
- Surge Well Service Inc has been in business since 2008.