Drilling Equipment Resources, Inc.
How we got $969K
Based on its 7 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 18 years (since 2008)
From public records and the company's website, not a statement that it's for sale.
What they do
Drilling Equipment Resources, Inc. sells drilling supplies, new and used drilling equipment, and related services, and says its goal is to locate the right equipment for drilling projects.
From the company's website. Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing.
Customers & suppliers
Suppliers & brands
- Atlas Copco · brand it sells or installs
- Baldwin · brand it sells or installs
- Cetco · brand it sells or installs
- Matex · brand it sells or installs
- DrillRite · brand it sells or installs
- Wyo-Ben · brand it sells or installs
- Mitsubishi · brand it sells or installs
- RIDGID · brand it sells or installs
- Blue Gator · brand it sells or installs
- Baroid · brand it sells or installs
- MI Swaco · brand it sells or installs
- Steelco · brand it sells or installs
- Bestolife · brand it sells or installs
- Slickbore · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- EXPLORER PIPELINE COMPANY · Tulsa, 5 mi · $619.2M
- MID-CON ENERGY OPERATING, LLC · Tulsa, 5 mi · $467.7M
- SAMSON RESOURCES II OPCO, LLC · Tulsa, 8 mi · $326.7M
- BKG INDUSTRIES, LLC · Stigler, 69 mi · $318.2M
- SUPERIOR MIDSTREAM, LLC · Tulsa, 8 mi · $315.1M
Estimated value over time
▲ 26% 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 |
|---|---|---|
| DRILLING EQUIPMENT RESOURCES, INC. this business | $2.1M | — |
| LASER GROUP, L.L.C. Tulsa · 50 employees | $21.7M | 0.0 mi |
| DVORAK INSTRUMENTS, INC. Tulsa · 13 employees | $5.0M | 0.2 mi |
| PRECISION SINTERED PARTS, LLC Tulsa · 10 employees | $4.2M | 0.7 mi |
| CARLSON COMPANY Tulsa · 37 employees | $20.9M | 1.0 mi |
| OCV CONTROL VALVES, LLC Tulsa | $22.8M | 1.0 mi |
| ALLEN TECHNOLOGIES LLC Tulsa · 17 employees | $6.8M | 1.1 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.7M |
| Estimate: the two combined (geometric mean) | $2.1M |
| EBITDA margin (industry, adjusted for size) | 14% |
| EBITDA = revenue × margin | $303K |
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 | $969K |
| Multiple for this size and industry | 3.2× |
| Value range | $510K – $1.3M |
| Revenue range | $1.4M – $2.4M |
| EBITDA range | $199K – $345K |
| Industry (NAICS) | All Other Miscellaneous Fabricated Metal Product Manufacturing (332999) |
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. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
“Drilling Equipment Resources was founded in 2008 to resolve a common need in the drilling industry: access to new and used equipment.”
Advisors
- BankingRegent 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
| Regent Bank PPP 2020, PPP 2021 | All 726 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $49K | 7 |
| 2/11/2021 | second | $72K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Drilling Equipment Resources, Inc.
Drilling Equipment Resources, Inc. is an all other miscellaneous fabricated metal product manufacturing company in Tulsa, Oklahoma, in business since 2008. It is owned by Derek Anderson (President). Its estimated annual revenue is about $2.1M, with roughly $303K of EBITDA. It has about 7 employees. Its estimated business value is $969K (likely range $510K–$1.3M).
Common questions
- Who owns Drilling Equipment Resources, Inc.?
- Drilling Equipment Resources, Inc. is owned by Derek Anderson (President), according to public sources such as the company's website or filings.
- How much revenue does Drilling Equipment Resources, Inc. make?
- SeeBITDA estimates Drilling Equipment Resources, Inc.'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 Drilling Equipment Resources, Inc. worth?
- About $969K, roughly 3.2× its estimated EBITDA of $303K, typical for a all other miscellaneous fabricated metal product manufacturing company its size. Likely range: $510K–$1.3M.
- How many employees does Drilling Equipment Resources, Inc. have?
- About 7, as reported on its PPP loan.
- When was Drilling Equipment Resources, Inc. founded?
- Drilling Equipment Resources, Inc. has been in business since 2008.