Casing Crews, Inc.
How we got $26.4M
Based on its 36 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 18 years (since 2008)
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 |
|---|---|---|
| CASING CREWS, INC. this business | $22.4M | — |
| DEM OPERATIONS, INC. Lamont · 3 employees | $1.4M | 0.1 mi |
| 3D WELL SERVICE, INC. Lamont · 16 employees | $5.2M | 0.5 mi |
| DOUBLE R OILFIELD SERVICES LLC Lamont · 9 employees | $3.4M | 2.9 mi |
| J-B OILFIELD SERVICES, LLC Lamont · 16 employees | $7.4M | 2.9 mi |
| MENDENHALL DRILLING, INC. Lamont · 17 employees | $7.3M | 3.0 mi |
| DAN D DRILLING CORP. Lamont · 32 employees | $21.5M | 3.1 mi |
The full calculation
| Employees reported to the SBA | 36 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $16.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $24.1M |
| Estimate: the two combined (geometric mean) | $22.4M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $5.1M |
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 | $26.4M |
| Multiple for this size and industry | 5.2× |
| Value range | $13.9M – $36.2M |
| Revenue range | $14.7M – $25.5M |
| EBITDA range | $3.3M – $5.8M |
| 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 | $681K | 36 |
| 1/27/2021 | second | $365K | 21 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Casing Crews, Inc.
Casing Crews, Inc. is an oil & gas company in Lamont, Oklahoma, in business since 2008. It is owned by CODY DEAN DARLING. Its estimated annual revenue is about $22.4M, with roughly $5.1M of EBITDA. It has about 36 employees. Its estimated business value is $26.4M (likely range $13.9M–$36.2M).
Common questions
- Who owns Casing Crews, Inc.?
- Casing Crews, Inc. is owned by CODY DEAN DARLING, according to public sources such as the company's website or filings.
- How much revenue does Casing Crews, Inc. make?
- SeeBITDA estimates Casing Crews, Inc.'s annual revenue at about $22.4M (likely between $14.7M and $25.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Casing Crews, Inc. worth?
- About $26.4M, roughly 5.2× its estimated EBITDA of $5.1M, typical for a oil & gas company its size. Likely range: $13.9M–$36.2M.
- How many employees does Casing Crews, Inc. have?
- About 36, as reported on its PPP loan.
- When was Casing Crews, Inc. founded?
- Casing Crews, Inc. has been in business since 2008.