Drill Bit Service LLC
How we got $1.9M
Based on its 4 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
- In business 21 years (since 2005)
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
▼ 50% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 4 | $1.3M |
| 2020 | Form 5500 | 3 | $989K |
| 2021 | Form 5500 | 4 | $1.3M |
| 2022 | Form 5500 | 4 | $1.3M |
| 2023 | Form 5500 | 2 | $659K |
| 2024 | Form 5500 | 2 | $659K |
| 2025 | Form 5500 | 2 | $659K |
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 |
|---|---|---|
| DRILL BIT SERVICE LLC this business | $2.1M | — |
| Automation-X Oklahoma City | $1.5M | 0.3 mi |
| DNOW Oklahoma City | $1.5M | 0.6 mi |
| REDNEX OILFIELD RENTALS LLC Oklahoma City · 68 employees | $35.8M | 0.8 mi |
| RUFNEX RENTALS, INCORPORATED Oklahoma City · 56 employees | $29.5M | 0.8 mi |
| RUFNEX OILFIELD SERVICES LLC Oklahoma City · 176 employees | $115.3M | 0.9 mi |
| Centek Inc Oklahoma City | $1.5M | 0.9 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.9M |
| Estimate: the two combined (geometric mean) | $2.1M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $649K |
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 | $1.9M |
| Multiple for this size and industry | 3× |
| Value range | $1.0M – $2.7M |
| Revenue range | $1.4M – $2.4M |
| EBITDA range | $427K – $740K |
| 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 2020, 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 |
|---|---|---|---|
| 4/10/2020 | first | $50K | 4 |
| 2/10/2021 | second | $50K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Drill Bit Service LLC
Drill Bit Service LLC is an oil & gas company in Oklahoma City, Oklahoma, in business since 2005. Its estimated annual revenue is about $2.1M, with roughly $649K of EBITDA. It has about 2 employees. Its estimated business value is $1.9M (likely range $1.0M–$2.7M).
Common questions
- Who owns Drill Bit Service LLC?
- The owner of Drill Bit Service 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 Drill Bit Service LLC make?
- SeeBITDA estimates Drill Bit Service LLC's annual revenue at about $2.1M (likely between $1.4M and $2.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Drill Bit Service LLC worth?
- About $1.9M, roughly 3× its estimated EBITDA of $649K, typical for a oil & gas company its size. Likely range: $1.0M–$2.7M.
- How many employees does Drill Bit Service LLC have?
- About 2, from its 2025 retirement-plan filing.
- When was Drill Bit Service LLC founded?
- Drill Bit Service LLC has been in business since 2005.