Lake Country Drilling Inc
How we got $947K
Based on its 8 employees and its payroll, both reported for PPP in 2021 and brought up to date.
What we know
Estimated value over time
▲ 34% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| LAKE COUNTRY DRILLING INC this business | $3.4M | — |
| LAKE COUNTRY DRILLING, INC. Lone Grove · 17 employees | $5.2M | 2.9 mi |
| HOWARD CONSTRUCTION INC. Ardmore · 11 employees | $3.2M | 6.0 mi |
| ANOTHER PIPELINE COMPANY INC Ardmore · 9 employees | $3.8M | 6.3 mi |
| BIGFOOT LAND SERVICES, INC Ardmore · 6 employees | $2.3M | 6.3 mi |
| STEVE BEAN CONSTRUCTION INC. Ardmore · 6 employees | $3.0M | 7.3 mi |
| Kingery Drilling Co Inc. Ardmore | $5.8M | 7.5 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.1M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $3.0M |
| Estimate: the two combined (geometric mean) | $3.4M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $412K |
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 | $947K |
| Multiple for this size and industry | 2.3× |
| Value range | $498K – $1.3M |
| Revenue range | $2.3M – $3.9M |
| EBITDA range | $271K – $469K |
| Industry (NAICS) | Water and Sewer Line and Related Structures Construction (237110) |
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
- BankingBancFirstPPP / 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 Roles are as stated there and may be out of date.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
| BancFirst PPP 2021 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 3/17/2021 | second | $69K | 8 |
About Lake Country Drilling Inc
Lake Country Drilling Inc is a water and sewer line and related structures construction company in Ardmore, Oklahoma. Its estimated annual revenue is about $3.4M, with roughly $412K of EBITDA. It has about 8 employees. Its estimated business value is $947K (likely range $498K–$1.3M).
Common questions
- Who owns Lake Country Drilling Inc?
- The owner of Lake Country 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 Lake Country Drilling Inc make?
- SeeBITDA estimates Lake Country Drilling Inc's annual revenue at about $3.4M (likely between $2.3M and $3.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Lake Country Drilling Inc worth?
- About $947K, roughly 2.3× its estimated EBITDA of $412K, typical for a water and sewer line and related structures construction company its size. Likely range: $498K–$1.3M.
- How many employees does Lake Country Drilling Inc have?
- About 8, as reported on its PPP loan.