Eagle Drilling Fluids, L.L.C.
How we got $3.9M
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 High sell likelihood
- In business 43 years (since 1983)
- Founder still runs it after 43 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Eagle Drilling Fluids is an Oklahoma City company that provides drilling fluid systems and mud engineering services to oil and gas operators in Oklahoma and Texas.
From the company's website. Industry: Oil & gas.
Estimated value over time
▲ 9% 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
Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 7 | $2.5M |
| 2020 | Form 5500 | 2 | $721K |
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 |
|---|---|---|
| EAGLE DRILLING FLUIDS, L.L.C. this business | $3.5M | — |
| EDGE ENERGY MANAGEMENT LLC Oklahoma City · 4 employees | $2.2M | 0.0 mi |
| TRI- STATE ELECTRICAL CONTRACTORS, LLC Oklahoma City · 51 employees | $28.7M | 0.3 mi |
| TEXCOM PEAK ENVIRONMENTAL SERVICES LLC Oklahoma City · 4 employees | $2.3M | 0.4 mi |
| Total Access Resources Oklahoma City | $1.5M | 0.4 mi |
| HUB OIL & GAS INC. Nichols Hills · 1 employees | $537K | 0.4 mi |
| Flogistix Oklahoma City | $1.5M | 0.5 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.6M |
| Estimate: the two combined (geometric mean) | $3.5M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $1.1M |
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 | $3.9M |
| Multiple for this size and industry | 3.6× |
| Value range | $2.0M – $5.3M |
| Revenue range | $2.3M – $4.0M |
| EBITDA range | $706K – $1.2M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
“Since 1983, Eagle Drilling Fluids has been a trusted partner to operators across Oklahoma and the Texas Panhandle.”
Advisors
- BankingSimmons 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
| Simmons Bank PPP 2020, PPP 2021 | All 789 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/14/2020 | first | $97K | 7 |
| 2/1/2021 | second | $21K | 1 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Eagle Drilling Fluids, L.L.C.
Eagle Drilling Fluids, L.L.C. is an oil & gas company in Oklahoma City, Oklahoma, in business since 1983. It is owned by Zane Fleming (Founder). Its estimated annual revenue is about $3.5M, with roughly $1.1M of EBITDA. It has about 2 employees. Its estimated business value is $3.9M (likely range $2.0M–$5.3M).
Common questions
- Who owns Eagle Drilling Fluids, L.L.C.?
- Eagle Drilling Fluids, L.L.C. is owned by Zane Fleming (Founder), according to public sources such as the company's website or filings.
- How much revenue does Eagle Drilling Fluids, L.L.C. make?
- SeeBITDA estimates Eagle Drilling Fluids, L.L.C.'s annual revenue at about $3.5M (likely between $2.3M and $4.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Eagle Drilling Fluids, L.L.C. worth?
- About $3.9M, roughly 3.6× its estimated EBITDA of $1.1M, typical for a oil & gas company its size. Likely range: $2.0M–$5.3M.
- How many employees does Eagle Drilling Fluids, L.L.C. have?
- About 2, from its 2020 retirement-plan filing.
- When was Eagle Drilling Fluids, L.L.C. founded?
- Eagle Drilling Fluids, L.L.C. has been in business since 1983.
- Is Eagle Drilling Fluids, L.L.C. for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 43 years (since 1983); founder still runs it after 43 years; no family successor named on its website.