Harrison Drilling, Inc.
How we got $846K
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 25 years (since 2001)
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 |
|---|---|---|
| HARRISON DRILLING, INC. this business | $1.0M | — |
| AEON GAS MEASUREMENT, LLC Tulsa · 5 employees | $1.7M | 1.4 mi |
| Winn Analytical Tulsa | $1.5M | 1.4 mi |
| BK EXPLORATION CORPORATION Tulsa · 3 employees | $1.1M | 2.0 mi |
| LATSHAW DRILLING COMPANY, LLC Tulsa · 468 employees | $241.8M | 3.4 mi |
| Advanced-Flo Systems Tulsa | $1.5M | 3.4 mi |
| Zeeco World Headquarters Tulsa | $1.5M | 3.5 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $600K |
| Estimate: the two combined (geometric mean) | $1.0M |
| EBITDA margin (industry, adjusted for size) | 34% |
| EBITDA = revenue × margin | $353K |
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 | $846K |
| Multiple for this size and industry | 2.4× |
| Value range | $445K – $1.2M |
| Revenue range | $691K – $1.2M |
| EBITDA range | $232K – $402K |
| Industry (NAICS) | Drilling Oil and Gas Wells (213111) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingArvest 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
| Arvest Bank PPP 2020, PPP 2021 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/15/2020 | first | $16K | 3 |
| 1/22/2021 | second | $17K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Harrison Drilling, Inc.
Harrison Drilling, Inc. is an oil & gas company in Tulsa, Oklahoma, in business since 2001. Its estimated annual revenue is about $1.0M, with roughly $353K of EBITDA. It has about 3 employees. Its estimated business value is $846K (likely range $445K–$1.2M).
Common questions
- Who owns Harrison Drilling, Inc.?
- The owner of Harrison Drilling, 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 Harrison Drilling, Inc. make?
- SeeBITDA estimates Harrison Drilling, Inc.'s annual revenue at about $1.0M (likely between $691K and $1.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Harrison Drilling, Inc. worth?
- About $846K, roughly 2.4× its estimated EBITDA of $353K, typical for a oil & gas company its size. Likely range: $445K–$1.2M.
- How many employees does Harrison Drilling, Inc. have?
- About 3, as reported on its PPP loan.
- When was Harrison Drilling, Inc. founded?
- Harrison Drilling, Inc. has been in business since 2001.