Triple J Well Service Corp
How we got $4.0M
Based on its 10 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 |
|---|---|---|
| TRIPLE J WELL SERVICE CORP this business | $3.7M | — |
| R&S HYDROTESTING, INC. Hennessey · 5 employees | $1.6M | 0.1 mi |
| VARGAS WELL SERVICE LLC Hennessey · 6 employees | $2.1M | 0.3 mi |
| R&S SWABBING, INC. Hennessey · 6 employees | $3.1M | 0.5 mi |
| RANGER OILFIELD SERVICE, CORPORATION Hennessey · 58 employees | $30.7M | 0.6 mi |
| SURGE WELL SERVICE INC Hennessey · 25 employees | $11.7M | 0.6 mi |
| JP HYDROTESTING LLC Hennessey · 8 employees | $3.5M | 0.6 mi |
The full calculation
| Employees reported to the SBA | 10 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.9M |
| Estimate: the two combined (geometric mean) | $3.7M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $1.1M |
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 | $4.0M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.1M – $5.5M |
| Revenue range | $2.4M – $4.2M |
| EBITDA range | $732K – $1.3M |
| 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
- BankingInterBankPPP / 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 Roles are as stated there and may be out of date.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
| InterBank PPP 2020, PPP 2021 | All 585 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 | $90K | 10 |
| 1/20/2021 | second | $93K | 10 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Triple J Well Service Corp
Triple J Well Service Corp is an oil & gas company in Hennessey, Oklahoma, in business since 2013. Its estimated annual revenue is about $3.7M, with roughly $1.1M of EBITDA. It has about 10 employees. Its estimated business value is $4.0M (likely range $2.1M–$5.5M).
Common questions
- Who owns Triple J Well Service Corp?
- The owner of Triple J Well Service Corp 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 Triple J Well Service Corp make?
- SeeBITDA estimates Triple J Well Service Corp's annual revenue at about $3.7M (likely between $2.4M and $4.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Triple J Well Service Corp worth?
- About $4.0M, roughly 3.6× its estimated EBITDA of $1.1M, typical for a oil & gas company its size. Likely range: $2.1M–$5.5M.
- How many employees does Triple J Well Service Corp have?
- About 10, as reported on its PPP loan.
- When was Triple J Well Service Corp founded?
- Triple J Well Service Corp has been in business since 2013.