Latshaw Drilling Company, LLC
How we got $326.7M
Based on its 468 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
- Headcount down 56% since 2021 (retirement plan filings)
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.
Employees over time
▼ 70% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 468 | $154.3M |
| 2020 | Form 5500 | 200 | $65.9M |
| 2021 | Form 5500 | 316 | $104.2M |
| 2022 | Form 5500 | 218 | $71.9M |
| 2023 | Form 5500 | 196 | $64.6M |
| 2024 | Form 5500 | 139 | $45.8M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| LATSHAW DRILLING COMPANY, LLC this business | $241.7M | — |
| C & S LABORATORIES INC Tulsa · 6 employees | $2.5M | 0.4 mi |
| Extract Production Services / Hoss Pumping Systems Tulsa | $1.5M | 0.7 mi |
| Zeeco World Headquarters Tulsa | $1.5M | 1.0 mi |
| Carbontech-americas Broken Arrow | $1.5M | 1.6 mi |
| Oilfield Improvements Broken Arrow | $1.5M | 1.6 mi |
| TULSA GAS TECHNOLOGIES, INC Tulsa · 22 employees | $10.0M | 1.6 mi |
The full calculation
| Employees reported to the SBA | 468 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $182.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $246.9M |
| Estimate: the two combined (geometric mean) | $241.7M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $48.0M |
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 | $326.7M |
| Multiple for this size and industry | 6.8× |
| Value range | $171.9M – $447.0M |
| Revenue range | $159.0M – $275.6M |
| EBITDA range | $31.6M – $54.8M |
| 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
People & advisors
Advisors
- AccountingEide Bailly, LLCAudits its 401(k) plan (2024 filing)
- BankingSimmons 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
| Simmons Bank PPP 2020, PPP 2021 | All 789 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $10.0M | 468 |
| 5/27/2021 | second | $2.0M | 250 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Latshaw Drilling Company, LLC
Latshaw Drilling Company, LLC is an oil & gas company in Tulsa, Oklahoma. It is owned by Trent Latshaw (Founder and President). Its estimated annual revenue is about $241.7M, with roughly $48.0M of EBITDA. It has about 139 employees. Its estimated business value is $326.7M (likely range $171.9M–$447.0M).
Common questions
- Who owns Latshaw Drilling Company, LLC?
- Latshaw Drilling Company, LLC is owned by Trent Latshaw (Founder and President), according to public sources such as the company's website or filings.
- How much revenue does Latshaw Drilling Company, LLC make?
- SeeBITDA estimates Latshaw Drilling Company, LLC's annual revenue at about $241.7M (likely between $159.0M and $275.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Latshaw Drilling Company, LLC worth?
- About $326.7M, roughly 6.8× its estimated EBITDA of $48.0M, typical for a oil & gas company its size. Likely range: $171.9M–$447.0M.
- How many employees does Latshaw Drilling Company, LLC have?
- About 139, from its 2024 retirement-plan filing.