Canaan Resources Drilling Company, LLC
How we got $1.6M
Based on 4 employees on its 2025 401(k) filing.
What we know
Estimated value over time
▲ 19% since 2021Today'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
▲ 0% since 2021Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2021 | Form 5500 | 4 | $1.3M |
| 2022 | Form 5500 | 4 | $1.3M |
| 2023 | Form 5500 | 4 | $1.3M |
| 2024 | Form 5500 | 4 | $1.3M |
| 2025 | Form 5500 | 4 | $1.3M |
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 |
|---|---|---|
| CANAAN RESOURCES DRILLING COMPANY, LLC this business | $1.8M | — |
| CUMMINGS OIL CO Oklahoma City · 5 employees | $3.3M | 0.2 mi |
| STAMPER DRILLING LLC Oklahoma City | $23.2M | 0.2 mi |
| LONTRA ENERGY CONSULTING LLC Oklahoma City · 1 employees | $321K | 0.3 mi |
| Red Bluff Resources, Llc Oklahoma City | $1.5M | 0.3 mi |
| TYLER PETTIT, LLC Oklahoma City · 1 employees | $508K | 0.4 mi |
| STACK ENERGY PARTNERS LLC Oklahoma City · 4 employees | $2.4M | 0.5 mi |
The full calculation
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $1.6M |
| Multiple for this size and industry | 3× |
| Value range | $839K – $2.4M |
| Employees in its retirement plan (2025 Form 5500) | 4 |
| Industry revenue per employee | $330K |
| Revenue = employees × revenue per employee | $1.8M |
| EBITDA margin (industry, adjusted for size) | 30% |
| EBITDA = revenue × margin | $535K |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $1.2M – $2.2M |
| EBITDA range | $350K – $656K |
| 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. These are statistical estimates, not reported financials. Listing details come from the company's Form 5500 retirement-plan filing. Full methodology
About Canaan Resources Drilling Company, LLC
Canaan Resources Drilling Company, LLC is an oil & gas company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $1.8M, with roughly $535K of EBITDA. It has about 4 employees. Its estimated business value is $1.6M (likely range $839K–$2.4M).
Common questions
- Who owns Canaan Resources Drilling Company, LLC?
- The owner of Canaan Resources Drilling Company, LLC 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 Canaan Resources Drilling Company, LLC make?
- SeeBITDA estimates Canaan Resources Drilling Company, LLC's annual revenue at about $1.8M (likely between $1.2M and $2.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Canaan Resources Drilling Company, LLC worth?
- About $1.6M, roughly 3× its estimated EBITDA of $535K, typical for a oil & gas company its size. Likely range: $839K–$2.4M.
- How many employees does Canaan Resources Drilling Company, LLC have?
- About 4, from its 2025 retirement-plan filing.