Atlas Drilling, LLC
How we got $35.7M
Based on its 56 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 16 years (since 2010)
- Headcount down 34% since 2023 (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
▼ 7% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 56 | $18.5M |
| 2020 | Form 5500 | 25 | $8.2M |
| 2021 | Form 5500 | 34 | $11.2M |
| 2022 | Form 5500 | 55 | $18.1M |
| 2023 | Form 5500 | 79 | $26.0M |
| 2024 | Form 5500 | 60 | $19.8M |
| 2025 | Form 5500 | 52 | $17.1M |
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 |
|---|---|---|
| ATLAS DRILLING, LLC this business | $30.2M | — |
| CASE WIRELINE SERVICES INC. Woodward · 25 employees | $13.1M | 0.1 mi |
| DURANGO SERVICES, INC. Woodward · 35 employees | $24.4M | 0.2 mi |
| NORTH STAR WELL SERVICES INC Woodward · 23 employees | $15.0M | 0.2 mi |
| WESTOAK PRODUCTION SERVICES, INC Woodward · 34 employees | $15.8M | 0.2 mi |
| THI WIREROPE, LLC Woodward · 4 employees | $2.7M | 0.2 mi |
| EDGE SERVICES, INC. Woodward · 101 employees | $41.2M | 0.2 mi |
The full calculation
| Employees reported to the SBA | 56 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $22.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $31.8M |
| Estimate: the two combined (geometric mean) | $30.2M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $6.9M |
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 | $35.7M |
| Multiple for this size and industry | 5.2× |
| Value range | $18.8M – $48.8M |
| Revenue range | $19.9M – $34.5M |
| EBITDA range | $4.5M – $7.8M |
| 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
Leadership
- MFMatthew FlanerySigned for the company · 2025 retirement-plan filing (Form 5500)
Advisors
- BankingEquity 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
| Equity Bank PPP 2020, PPP 2021 | All 375 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 | $1.1M | 56 |
| 1/23/2021 | second | $1.1M | 56 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Atlas Drilling, LLC
Atlas Drilling, LLC is an oil & gas company in Woodward, Oklahoma, in business since 2010. Its estimated annual revenue is about $30.2M, with roughly $6.9M of EBITDA. It has about 52 employees. Its estimated business value is $35.7M (likely range $18.8M–$48.8M).
Common questions
- Who owns Atlas Drilling, LLC?
- The owner of Atlas Drilling, 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 Atlas Drilling, LLC make?
- SeeBITDA estimates Atlas Drilling, LLC's annual revenue at about $30.2M (likely between $19.9M and $34.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Atlas Drilling, LLC worth?
- About $35.7M, roughly 5.2× its estimated EBITDA of $6.9M, typical for a oil & gas company its size. Likely range: $18.8M–$48.8M.
- How many employees does Atlas Drilling, LLC have?
- About 52, from its 2025 retirement-plan filing.
- When was Atlas Drilling, LLC founded?
- Atlas Drilling, LLC has been in business since 2010.