Legacy Drilling, LLC
How we got $10.1M
Based on its 15 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Legacy Drilling LLC is a Stillwater, OK company that says it operates mechanical drilling rigs, with 7 rigs in the Mid-Continent region, and emphasizes rig repair and restore capabilities and safety.
From the company's website. Industry: Oil & gas.
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 |
|---|---|---|
| LEGACY DRILLING, LLC this business | $8.3M | — |
| TOP HAND FIELD SERVICES, LLC Stillwater · 100 employees | $65.5M | 0.5 mi |
| SPECIAL ENERGY CORPORATION Stillwater · 18 employees | $10.3M | 2.6 mi |
| OPTIMAL PIPELINE SOLUTIONS, L.L.C. Stillwater | $3.3M | 3.1 mi |
| DARIN KIRKPATRICK Perkins · 1 employees | $712K | 5.5 mi |
| B D B LLC Stillwater · 3 employees | $1.3M | 5.7 mi |
| EARL OIL, INC. Stillwater · 1 employees | $378K | 5.7 mi |
The full calculation
| Employees reported to the SBA | 15 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.3M |
| Estimate: the two combined (geometric mean) | $8.3M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $2.3M |
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 | $10.1M |
| Multiple for this size and industry | 4.4× |
| Value range | $5.3M – $13.8M |
| Revenue range | $5.4M – $9.4M |
| EBITDA range | $1.5M – $2.6M |
| 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
- BankingValliance 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
| Valliance Bank PPP 2020 | All 439 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/10/2020 | first | $249K | 15 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Legacy Drilling, LLC
Legacy Drilling, LLC is an oil & gas company in Stillwater, Oklahoma, in business since 2016. Its estimated annual revenue is about $8.3M, with roughly $2.3M of EBITDA. It has about 15 employees. Its estimated business value is $10.1M (likely range $5.3M–$13.8M).
Common questions
- Who owns Legacy Drilling, LLC?
- The owner of Legacy 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 Legacy Drilling, LLC make?
- SeeBITDA estimates Legacy Drilling, LLC's annual revenue at about $8.3M (likely between $5.4M and $9.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Legacy Drilling, LLC worth?
- About $10.1M, roughly 4.4× its estimated EBITDA of $2.3M, typical for a oil & gas company its size. Likely range: $5.3M–$13.8M.
- How many employees does Legacy Drilling, LLC have?
- About 15, as reported on its PPP loan.
- When was Legacy Drilling, LLC founded?
- Legacy Drilling, LLC has been in business since 2016.