Carter Rig Service Inc.
How we got $441K
Based on its 1 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▲ 1% since 2021Today'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 |
|---|---|---|
| CARTER RIG SERVICE INC. this business | $559K | — |
| THE MCCRACKEN COMPANY, LLC Moore · 1 employees | $712K | 0.9 mi |
| QUALITY OIL TOOLS, LLC Moore · 2 employees | $1.0M | 1.2 mi |
| PKM LAND INC. Moore · 1 employees | $557K | 1.2 mi |
| STRAWN SALES, INC Moore · 3 employees | $932K | 1.5 mi |
| CALIBER COMPLETION SERVICES LLC Moore · 56 employees | $23.0M | 1.6 mi |
| MALLARD OILFIELD EQUIPMENT CO Moore · 7 employees | $1.8M | 1.8 mi |
The full calculation
| Employees reported to the SBA | 1 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $471K |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $511K |
| Estimate: the two combined (geometric mean) | $559K |
| EBITDA margin (industry, adjusted for size) | 39% |
| EBITDA = revenue × margin | $220K |
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 | $441K |
| Multiple for this size and industry | 2× |
| Value range | $232K – $603K |
| Revenue range | $368K – $638K |
| EBITDA range | $145K – $251K |
| 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
- BankingThe First National Bank and Trust Co, Chickasha, OklahomaPPP / 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 Roles are as stated there and may be out of date.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
| The First National Bank and Trust Co, Chickasha, Oklahoma PPP 2021 | All 478 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/13/2021 | second | $14K | 1 |
About Carter Rig Service Inc.
Carter Rig Service Inc. is an oil & gas company in Moore, Oklahoma. Its estimated annual revenue is about $559K, with roughly $220K of EBITDA. It has about 1 employees. Its estimated business value is $441K (likely range $232K–$603K).
Common questions
- Who owns Carter Rig Service Inc.?
- The owner of Carter Rig 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 Carter Rig Service Inc. make?
- SeeBITDA estimates Carter Rig Service Inc.'s annual revenue at about $559K (likely between $368K and $638K), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Carter Rig Service Inc. worth?
- About $441K, roughly 2× its estimated EBITDA of $220K, typical for a oil & gas company its size. Likely range: $232K–$603K.
- How many employees does Carter Rig Service Inc. have?
- About 1, as reported on its PPP loan.