Fontier Drilling LLC
How we got $109.2M
Based on its 198 employees and its payroll, both reported for PPP in 2020 and brought up to date.
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.
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| FONTIER DRILLING LLC this business | $91.5M | — |
| FRONTIER DRILLING LLC Oklahoma City · 192 employees | $63.0M | 0.1 mi |
| 88 PETROLEUM COMPANY, INC. Oklahoma City · 3 employees | $1.4M | 0.3 mi |
| ZIA ENERGY LLC Oklahoma City · 28 employees | $9.5M | 0.4 mi |
| SOUTHERN RESOURCES, INC. Oklahoma City · 6 employees | $3.5M | 0.4 mi |
| INDIANOLA RESOURCES, LLC Oklahoma City · 1 employees | $486K | 0.4 mi |
| TLT LANDCO, LLC Oklahoma City · 1 employees | $658K | 0.4 mi |
The full calculation
| Employees reported to the SBA | 198 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $77.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $83.7M |
| Estimate: the two combined (geometric mean) | $91.5M |
| EBITDA margin (industry, adjusted for size) | 20% |
| EBITDA = revenue × margin | $18.2M |
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 | $109.2M |
| Multiple for this size and industry | 6× |
| Value range | $57.5M – $149.4M |
| Revenue range | $60.2M – $104.4M |
| EBITDA range | $12.0M – $20.7M |
| 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
- BankingHTLF 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 Roles are as stated there and may be out of date.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
| HTLF Bank PPP 2020 | All 2 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/12/2020 | first | $3.4M | 198 |
About Fontier Drilling LLC
Fontier Drilling LLC is an oil & gas company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $91.5M, with roughly $18.2M of EBITDA. It has about 198 employees. Its estimated business value is $109.2M (likely range $57.5M–$149.4M).
Common questions
- Who owns Fontier Drilling LLC?
- The owner of Fontier Drilling 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 Fontier Drilling LLC make?
- SeeBITDA estimates Fontier Drilling LLC's annual revenue at about $91.5M (likely between $60.2M and $104.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Fontier Drilling LLC worth?
- About $109.2M, roughly 6× its estimated EBITDA of $18.2M, typical for a oil & gas company its size. Likely range: $57.5M–$149.4M.
- How many employees does Fontier Drilling LLC have?
- About 198, as reported on its PPP loan.