Mendenhall Drilling, Inc.
How we got $8.9M
Based on its 17 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 9% 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
Signs of a sale Unlikely to sell soon
- In business 20 years (since 2006)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MENDENHALL DRILLING, INC. this business | $7.3M | — |
| DAN D DRILLING CORP. Lamont · 32 employees | $21.5M | 0.4 mi |
| DOUBLE R OILFIELD SERVICES LLC Lamont · 9 employees | $3.4M | 0.4 mi |
| J-B OILFIELD SERVICES, LLC Lamont · 16 employees | $7.4M | 0.4 mi |
| 3D WELL SERVICE, INC. Lamont · 16 employees | $5.2M | 2.5 mi |
| DEM OPERATIONS, INC. Lamont · 3 employees | $1.4M | 2.9 mi |
| CASING CREWS, INC. Lamont · 36 employees | $22.4M | 3.0 mi |
The full calculation
| Employees reported to the SBA | 17 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $6.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $6.9M |
| Estimate: the two combined (geometric mean) | $7.3M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $2.0M |
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 | $8.9M |
| Multiple for this size and industry | 4.4× |
| Value range | $4.7M – $12.2M |
| Revenue range | $4.8M – $8.3M |
| EBITDA range | $1.3M – $2.3M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
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
- BankingThe State Exchange 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
| The State Exchange Bank PPP 2020, PPP 2021 | All 52 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $210K | 17 |
| 1/16/2021 | second | $210K | 15 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Mendenhall Drilling, Inc.
Mendenhall Drilling, Inc. is an oil & gas company in Lamont, Oklahoma, in business since 2006. It is owned by RON MENDENHALL. Its estimated annual revenue is about $7.3M, with roughly $2.0M of EBITDA. It has about 17 employees. Its estimated business value is $8.9M (likely range $4.7M–$12.2M).
Common questions
- Who owns Mendenhall Drilling, Inc.?
- Mendenhall Drilling, Inc. is owned by RON MENDENHALL, according to public sources such as the company's website or filings.
- How much revenue does Mendenhall Drilling, Inc. make?
- SeeBITDA estimates Mendenhall Drilling, Inc.'s annual revenue at about $7.3M (likely between $4.8M and $8.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mendenhall Drilling, Inc. worth?
- About $8.9M, roughly 4.4× its estimated EBITDA of $2.0M, typical for a oil & gas company its size. Likely range: $4.7M–$12.2M.
- How many employees does Mendenhall Drilling, Inc. have?
- About 17, as reported on its PPP loan.
- When was Mendenhall Drilling, Inc. founded?
- Mendenhall Drilling, Inc. has been in business since 2006.