Okie Drilling Incorporated
How we got $15.4M
Based on its 32 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 99% 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.
Employees over time
▼ 9% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 32 | $29.2M |
| 2020 | Form 5500 | 25 | $22.8M |
| 2021 | Form 5500 | 25 | $22.8M |
| 2022 | Form 5500 | 28 | $25.5M |
| 2023 | Form 5500 | 32 | $29.2M |
| 2024 | Form 5500 | 29 | $26.4M |
| 2025 | Form 5500 | 29 | $26.4M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
What we know
Signs of a sale Unlikely to sell soon
- In business 23 years (since 2003)
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 |
|---|---|---|
| OKIE DRILLING INCORPORATED this business | $43.2M | — |
| LUM ENTERPRISES INC. Shady Point · 13 employees | $12.7M | 25.5 mi |
| HARCHEM CHEMICAL, INC. Muldrow · 4 employees | $3.9M | 29.5 mi |
| C2 SUPPLY, LLC Poteau · 3 employees | $3.1M | 30.1 mi |
| RED'S PREMIER OUTDOOR EQUIPMENT LLC Poteau · 2 employees | $1.7M | 30.1 mi |
| BMG SALES LLC Poteau · 21 employees | $20.5M | 32.9 mi |
| ROUGHNECK SUPPLY LLC Muskogee · 38 employees | $38.0M | 35.0 mi |
The full calculation
| Employees reported to the SBA | 32 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $34.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $41.5M |
| Estimate: the two combined (geometric mean) | $43.2M |
| EBITDA margin (industry, adjusted for size) | 7% |
| EBITDA = revenue × margin | $3.0M |
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 | $15.4M |
| Multiple for this size and industry | 5.2× |
| Value range | $8.1M – $21.1M |
| Revenue range | $28.4M – $49.3M |
| EBITDA range | $1.9M – $3.4M |
| Industry (NAICS) | Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers (423810) |
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
- BankingFirstar 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
| Firstar Bank PPP 2020 | All 380 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $438K | 32 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Okie Drilling Incorporated
Okie Drilling Incorporated is a construction and mining (except oil well) machinery and equipment merchant wholesalers company in Stigler, Oklahoma, in business since 2003. It is owned by Billy and Gary White (Co-founders). Its estimated annual revenue is about $43.2M, with roughly $3.0M of EBITDA. It has about 29 employees. Its estimated business value is $15.4M (likely range $8.1M–$21.1M).
Common questions
- Who owns Okie Drilling Incorporated?
- Okie Drilling Incorporated is owned by Billy and Gary White (Co-founders), according to public sources such as the company's website or filings.
- How much revenue does Okie Drilling Incorporated make?
- SeeBITDA estimates Okie Drilling Incorporated's annual revenue at about $43.2M (likely between $28.4M and $49.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Okie Drilling Incorporated worth?
- About $15.4M, roughly 5.2× its estimated EBITDA of $3.0M, typical for a construction and mining (except oil well) machinery and equipment merchant wholesalers company its size. Likely range: $8.1M–$21.1M.
- How many employees does Okie Drilling Incorporated have?
- About 29, from its 2025 retirement-plan filing.
- When was Okie Drilling Incorporated founded?
- Okie Drilling Incorporated has been in business since 2003.