Frontier Drilling LLC
How we got $85.9M
Based on its 192 employees and its payroll, both reported for PPP in 2021 and brought up to date.
Estimated value over time
▲ 1% since 2021Today'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
Signs of a sale Likely to sell
- In business 26 years (since 2000)
- Founder still runs it after 26 years
From public records and the company's website, not a statement that it's for sale.
What they do
Frontier Drilling LLC is a private land drilling contractor headquartered in Oklahoma City, Oklahoma, that describes itself as leading the drilling industry in safety, performance, and integrity. It operates a fleet of rigs from 750HP to 2000HP, including geothermal drilling.
From the company's website. Industry: Oil & gas.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| FRONTIER DRILLING LLC this business | $63.0M | — |
| FONTIER DRILLING LLC Oklahoma City · 198 employees | $91.5M | 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 |
| Far West Development Llc Oklahoma City | $1.5M | 0.4 mi |
| INDIANOLA RESOURCES, LLC Oklahoma City · 1 employees | $486K | 0.5 mi |
The full calculation
| Employees reported to the SBA | 192 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $74.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $40.8M |
| Estimate: the two combined (geometric mean) | $63.0M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $14.3M |
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 | $85.9M |
| Multiple for this size and industry | 6× |
| Value range | $45.2M – $117.5M |
| Revenue range | $41.4M – $71.8M |
| EBITDA range | $9.4M – $16.3M |
| 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
“Formed on April 12th, 2005 by Mac McAlister, Frontier Drilling is private land drilling contractor leading the drilling industry in safety, performance, and integrity.”
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 2021 | All 2 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 2/18/2021 | second | $1.7M | 192 |
2 locations
| 4801 Richmond Sq | Oklahoma City | This listing |
| 13800 S Meridian Ave | Oklahoma City | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Frontier Drilling LLC
Frontier Drilling LLC is an oil & gas company in Oklahoma City, Oklahoma, in business since 2000. It is owned by Mac McAlister (Founder). Its estimated annual revenue is about $63.0M, with roughly $14.3M of EBITDA. It has about 192 employees. Its estimated business value is $85.9M (likely range $45.2M–$117.5M). It has 2 locations.
Common questions
- Who owns Frontier Drilling LLC?
- Frontier Drilling LLC is owned by Mac McAlister (Founder), according to public sources such as the company's website or filings.
- How much revenue does Frontier Drilling LLC make?
- SeeBITDA estimates Frontier Drilling LLC's annual revenue at about $63.0M (likely between $41.4M and $71.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Frontier Drilling LLC worth?
- About $85.9M, roughly 6× its estimated EBITDA of $14.3M, typical for a oil & gas company its size. Likely range: $45.2M–$117.5M.
- How many employees does Frontier Drilling LLC have?
- About 192, as reported on its PPP loan.
- When was Frontier Drilling LLC founded?
- Frontier Drilling LLC has been in business since 2000.
- Is Frontier Drilling LLC for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 26 years (since 2000); founder still runs it after 26 years.