F& H Drilling Service, Inc
How we got $1.7M
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 20 years (since 2006)
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| F& H DRILLING SERVICE, INC this business | $1.9M | — |
| BCG HOLDINGS, LLC Elk City · 3 employees | $1.2M | 0.0 mi |
| BGC HOLDINGS LLC Elk City · 1 employees | $745K | 0.0 mi |
| TLR WELL SERVICES, INC Elk City · 35 employees | $19.4M | 0.1 mi |
| 3G MANIFOLD, LLC Elk City · 1 employees | $608K | 0.1 mi |
| S&M WELDING, LLC Elk City · 5 employees | $2.6M | 0.3 mi |
| R M WATSON MUD ENGINEERING LLC Elk City · 1 employees | $540K | 0.4 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) | $1.5M |
| Estimate: the two combined (geometric mean) | $1.9M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $583K |
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 | $1.7M |
| Multiple for this size and industry | 3× |
| Value range | $921K – $2.4M |
| Revenue range | $1.3M – $2.2M |
| EBITDA range | $384K – $665K |
| 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
- BankingGreat Plains National 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 Roles are as stated there and may be out of date.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
| Great Plains National Bank PPP 2020 | All 1,112 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $40K | 4 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About F& H Drilling Service, Inc
F& H Drilling Service, Inc is an oil & gas company in Elk City, Oklahoma, in business since 2006. Its estimated annual revenue is about $1.9M, with roughly $583K of EBITDA. It has about 4 employees. Its estimated business value is $1.7M (likely range $921K–$2.4M).
Common questions
- Who owns F& H Drilling Service, Inc?
- The owner of F& H Drilling 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 F& H Drilling Service, Inc make?
- SeeBITDA estimates F& H Drilling Service, Inc's annual revenue at about $1.9M (likely between $1.3M and $2.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is F& H Drilling Service, Inc worth?
- About $1.7M, roughly 3× its estimated EBITDA of $583K, typical for a oil & gas company its size. Likely range: $921K–$2.4M.
- How many employees does F& H Drilling Service, Inc have?
- About 4, as reported on its PPP loan.
- When was F& H Drilling Service, Inc founded?
- F& H Drilling Service, Inc has been in business since 2006.