Cactus Drilling Co
How we got $1.9M
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Some signs of a sale
- In business 19 years (since 2007)
- Headcount down 30% since 2023 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
What they do
Cactus Drilling is a private land drilling contractor based in Oklahoma City, OK, describing itself as the largest privately-held U.S. land drilling contractor. It operates a fleet of contracted rigs and says it aims to deliver safe, efficient and reliable operations for its customers.
From the company's website. Industry: Water and Sewer Line and Related Structures Construction.
Employees over time
▲ 108% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 607 | $214.6M |
| 2021 | Form 5500 | 909 | $321.4M |
| 2022 | Form 5500 | 1,273 | $450.2M |
| 2023 | Form 5500 | 1,818 | $642.9M |
| 2024 | Form 5500 | 1,265 | $447.3M |
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Cactus Drilling Co this business | $5.8M | — |
| Epoch Well Services Oklahoma City | $5.8M | 0.5 mi |
| Kenai Mid-continent, Inc Oklahoma City | $5.8M | 0.6 mi |
| BREWER CONSTRUCTION OKLAHOMA, LLC Oklahoma City · 40 employees | $21.4M | 0.8 mi |
| Gyrodata Inc. Oklahoma City | $5.8M | 1.1 mi |
| AMERICAN HYDROVAC INC Oklahoma City · 21 employees | $5.3M | 1.1 mi |
| Newpark Drilling Fluids Oklahoma City | $5.8M | 1.3 mi |
The full calculation
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 | $1.9M |
| Multiple for this size and industry | 2.8× |
| Value range | $425K – $3.9M |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Water and Sewer Line and Related Structures Construction businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (12%). Treat these as a rough guide.
| Revenue range | $1.6M – $9.7M |
| EBITDA range | $190K – $1.2M |
| 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. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
People & advisors
Advisors
- AccountingHogantaylor LLPAudits its 401(k) plan (2024 filing)
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.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Cactus Drilling Co
Cactus Drilling Co is a water and sewer line and related structures construction company in Oklahoma City, Oklahoma, in business since 2007. Its estimated annual revenue is about $5.8M, with roughly $690K of EBITDA. It has about 1,265 employees. Its estimated business value is $1.9M (likely range $425K–$3.9M).
Common questions
- Who owns Cactus Drilling Co?
- The owner of Cactus Drilling Co 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 Cactus Drilling Co make?
- SeeBITDA estimates Cactus Drilling Co's annual revenue at about $5.8M (likely between $1.6M and $9.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Cactus Drilling Co worth?
- About $1.9M, roughly 2.8× its estimated EBITDA of $690K, typical for a water and sewer line and related structures construction company its size. Likely range: $425K–$3.9M.
- How many employees does Cactus Drilling Co have?
- About 1,265, from its 2024 retirement-plan filing.
- When was Cactus Drilling Co founded?
- Cactus Drilling Co has been in business since 2007.