The H and S Drilling Company
How we got $1.6M
Based on its 3 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
GDP Drilling offers well drilling, completions, consulting and engineering for oil and gas upstream operations, serving operators and consultants.
From the company's website. Industry: Oil & gas.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- UNIVERSAL FIELD SERVICES, INC · Tulsa, 9 mi · $153.0M
- LYNNCO SUPPLY CHAIN SOLUTIONS, INC. · Tulsa, 8 mi · $43.5M
- HOGAN ASSESSMENT SYSTEMS, INC. · Tulsa, 0 mi · $34.9M
- QUEST AUTOMATED SERVICES LLC · Tulsa, 8 mi · $29.2M
- MELONE'S ENTERPRISES, LLC · Inola, 27 mi · $23.6M
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 |
|---|---|---|
| THE H AND S DRILLING COMPANY this business | $1.8M | — |
| Welltec Tulsa | $1.5M | 0.0 mi |
| Peak Completion Technology Tulsa | $1.5M | 0.0 mi |
| Blue Mountain Midstream Tulsa | $1.5M | 0.0 mi |
| Silverado Oil & Gas Tulsa | $1.5M | 0.0 mi |
| Citizen Energy Tulsa | $1.5M | 0.0 mi |
| EAGLE ROAD OIL LLC Tulsa · 15 employees | $8.6M | 0.0 mi |
The full calculation
| Employees reported to the SBA | 3 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.7M |
| Estimate: the two combined (geometric mean) | $1.8M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $543K |
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 | $1.6M |
| Multiple for this size and industry | 3× |
| Value range | $857K – $2.2M |
| Revenue range | $1.2M – $2.0M |
| EBITDA range | $357K – $619K |
| 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
History & advisors
Advisors
- BankingBOKF, National AssociationPPP / 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
| BOKF, National Association PPP 2020, PPP 2021 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $46K | 3 |
| 2/7/2021 | second | $46K | 3 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About The H and S Drilling Company
The H and S Drilling Company is an oil & gas company in Tulsa, Oklahoma, in business since 2017. Its estimated annual revenue is about $1.8M, with roughly $543K of EBITDA. It has about 3 employees. Its estimated business value is $1.6M (likely range $857K–$2.2M).
Common questions
- Who owns The H and S Drilling Company?
- The owner of The H and S Drilling Company 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 The H and S Drilling Company make?
- SeeBITDA estimates The H and S Drilling Company's annual revenue at about $1.8M (likely between $1.2M and $2.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is The H and S Drilling Company worth?
- About $1.6M, roughly 3× its estimated EBITDA of $543K, typical for a oil & gas company its size. Likely range: $857K–$2.2M.
- How many employees does The H and S Drilling Company have?
- About 3, as reported on its PPP loan.
- When was The H and S Drilling Company founded?
- The H and S Drilling Company has been in business since 2017.