Carter Rig Service, Inc
How we got $439K
Based on its 1 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
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 |
|---|---|---|
| CARTER RIG SERVICE, INC this business | $558K | — |
| Titan Compressor Systems Oklahoma City | $1.5M | 0.3 mi |
| No Limit Equipment Llc Oklahoma City | $1.5M | 0.4 mi |
| DECHER CONSULTING LLC Oklahoma City · 1 employees | $712K | 1.7 mi |
| KRUSKA CONSULTING LLC Oklahoma City · 1 employees | $557K | 1.7 mi |
| BLUE STREAM ENERGY INC. Oklahoma City · 1 employees | $529K | 2.1 mi |
| MCCONVILLE LAND SERVICES, LLC Oklahoma City · 1 employees | $709K | 2.1 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) | $508K |
| Estimate: the two combined (geometric mean) | $558K |
| 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 | $439K |
| Multiple for this size and industry | 2× |
| Value range | $231K – $601K |
| Revenue range | $367K – $636K |
| EBITDA range | $144K – $250K |
| 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
- 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 Roles are as stated there and may be out of date.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 2020 | All 478 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/29/2020 | first | $14K | 1 |
About Carter Rig Service, Inc
Carter Rig Service, Inc is an oil & gas company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $558K, with roughly $220K of EBITDA. It has about 1 employees. Its estimated business value is $439K (likely range $231K–$601K).
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 $558K (likely between $367K and $636K), 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 $439K, roughly 2× its estimated EBITDA of $220K, typical for a oil & gas company its size. Likely range: $231K–$601K.
- How many employees does Carter Rig Service, Inc have?
- About 1, as reported on its PPP loan.