Sutherland Well Service, Inc.
How we got $9.7M
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 Some signs of a sale
- In business 37 years (since 1989)
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 |
|---|---|---|
| SUTHERLAND WELL SERVICE, INC. this business | $9.0M | — |
| LAMBERT COMPANY, LLC Healdton · 2 employees | $1.1M | 0.2 mi |
| DAVIS, LLC Healdton · 2 employees | $823K | 0.2 mi |
| TEXOMA PUMPING UNIT Healdton · 24 employees | $11.6M | 0.5 mi |
| MITCHELL TANK TRUCK SERVICE, INC. Healdton · 4 employees | $1.8M | 0.7 mi |
| J. D. LEWIS CONSTRUCTION CO. Healdton · 58 employees | $22.5M | 1.2 mi |
| DAVIS DIRECTIONAL DRILLING LLC Healdton · 6 employees | $3.1M | 3.2 mi |
The full calculation
| Employees reported to the SBA | 19 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $8.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.9M |
| Estimate: the two combined (geometric mean) | $9.0M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $2.2M |
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 | $9.7M |
| Multiple for this size and industry | 4.4× |
| Value range | $5.1M – $13.3M |
| Revenue range | $5.9M – $10.3M |
| EBITDA range | $1.5M – $2.5M |
| 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
- BankingFirst Bank and Trust CoPPP / 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 Bank and Trust Co PPP 2020, PPP 2021 | All 694 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $234K | 17 |
| 1/17/2021 | second | $223K | 19 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Sutherland Well Service, Inc.
Sutherland Well Service, Inc. is an oil & gas company in Healdton, Oklahoma, in business since 1989. Its estimated annual revenue is about $9.0M, with roughly $2.2M of EBITDA. It has about 19 employees. Its estimated business value is $9.7M (likely range $5.1M–$13.3M).
Common questions
- Who owns Sutherland Well Service, Inc.?
- The owner of Sutherland 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 Sutherland Well Service, Inc. make?
- SeeBITDA estimates Sutherland Well Service, Inc.'s annual revenue at about $9.0M (likely between $5.9M and $10.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Sutherland Well Service, Inc. worth?
- About $9.7M, roughly 4.4× its estimated EBITDA of $2.2M, typical for a oil & gas company its size. Likely range: $5.1M–$13.3M.
- How many employees does Sutherland Well Service, Inc. have?
- About 19, as reported on its PPP loan.
- When was Sutherland Well Service, Inc. founded?
- Sutherland Well Service, Inc. has been in business since 1989.