Summers Well Drilling, Inc.
How we got $1.1M
Based on its 11 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Summers Well Drilling is a family-owned well drilling and water system company serving Northwest Arkansas and Northeast Oklahoma, offering well drilling, pump service, water testing and filtration for homes, farms, commercial and municipal projects.
From the company's website. Industry: Fencing, siding & exterior.
Estimated value over time
▲ 23% 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
▲ 18% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 11 | $2.8M |
| 2024 | Form 5500 | 13 | $3.3M |
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 |
|---|---|---|
| SUMMERS WELL DRILLING, INC. this business | $4.6M | — |
| TEAGUE HEATING, AIR & REFRIGERATION, LLC Westville · 5 employees | $1.2M | 15.7 mi |
| GRAND EARTHMOVING, LLC Grove · 11 employees | $3.9M | 23.4 mi |
| MACDONALD EQUIPMENT COMPANY Grove | $1.7M | 23.9 mi |
| CWF ENTERPRISES, INC. Grove · 13 employees | $4.7M | 24.2 mi |
| ARMSTRONG CONSTRUCTION LLC Tahlequah · 1 employees | $413K | 27.7 mi |
| LONGS EXCAVATING LLC Langley · 5 employees | $1.2M | 29.3 mi |
The full calculation
| Employees reported to the SBA | 11 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $3.8M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $4.3M |
| Estimate: the two combined (geometric mean) | $4.6M |
| EBITDA margin (industry, adjusted for size) | 11% |
| EBITDA = revenue × margin | $491K |
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 | $1.1M |
| Multiple for this size and industry | 2.3× |
| Value range | $595K – $1.5M |
| Revenue range | $3.1M – $5.3M |
| EBITDA range | $323K – $560K |
| Industry (NAICS) | All Other Specialty Trade Contractors (238990) |
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
“As a 3rd generation family owned business, we've seen just about every challenge you can run into with wells and water systems.”
Advisors
- BankingGrand Savings 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
| Grand Savings Bank PPP 2020 | All 196 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 | $112K | 11 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Summers Well Drilling, Inc.
Summers Well Drilling, Inc. is a family-owned fencing, siding & exterior company in Colcord, Oklahoma, in business since 2018. Its estimated annual revenue is about $4.6M, with roughly $491K of EBITDA. It has about 13 employees. Its estimated business value is $1.1M (likely range $595K–$1.5M).
Common questions
- Who owns Summers Well Drilling, Inc.?
- The owner of Summers Well 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 Summers Well Drilling, Inc. make?
- SeeBITDA estimates Summers Well Drilling, Inc.'s annual revenue at about $4.6M (likely between $3.1M and $5.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Summers Well Drilling, Inc. worth?
- About $1.1M, roughly 2.3× its estimated EBITDA of $491K, typical for a fencing, siding & exterior company its size. Likely range: $595K–$1.5M.
- How many employees does Summers Well Drilling, Inc. have?
- About 13, from its 2024 retirement-plan filing.
- When was Summers Well Drilling, Inc. founded?
- Summers Well Drilling, Inc. has been in business since 2018.