Lake Country Drilling, Inc.
How we got $1.7M
Based on its 17 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Estimated value over time
▲ 41% 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 |
|---|---|---|
| LAKE COUNTRY DRILLING, INC. this business | $5.2M | — |
| LAKE COUNTRY DRILLING INC Ardmore · 8 employees | $3.4M | 2.9 mi |
| SCHIRALLI CONSTRUCTION CORP Wilson · 8 employees | $3.8M | 7.4 mi |
| HOWARD CONSTRUCTION INC. Ardmore · 11 employees | $3.2M | 7.8 mi |
| STEVE BEAN CONSTRUCTION INC. Ardmore · 6 employees | $3.0M | 8.3 mi |
| ANOTHER PIPELINE COMPANY INC Ardmore · 9 employees | $3.8M | 8.5 mi |
| BIGFOOT LAND SERVICES, INC Ardmore · 6 employees | $2.3M | 8.5 mi |
The full calculation
| Employees reported to the SBA | 17 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $7.2M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.9M |
| Estimate: the two combined (geometric mean) | $5.2M |
| EBITDA margin (industry, adjusted for size) | 12% |
| EBITDA = revenue × margin | $621K |
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 | $1.7M |
| Multiple for this size and industry | 2.8× |
| Value range | $916K – $2.4M |
| Revenue range | $3.4M – $5.9M |
| EBITDA range | $409K – $708K |
| Industry (NAICS) | Water and Sewer Line and Related Structures Construction (237110) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingBancFirstPPP / 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 Roles are as stated there and may be out of date.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
| BancFirst PPP 2020 | All 7,048 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $67K | 17 |
About Lake Country Drilling, Inc.
Lake Country Drilling, Inc. is a water and sewer line and related structures construction company in Lone Grove, Oklahoma. Its estimated annual revenue is about $5.2M, with roughly $621K of EBITDA. It has about 17 employees. Its estimated business value is $1.7M (likely range $916K–$2.4M).
Common questions
- Who owns Lake Country Drilling, Inc.?
- The owner of Lake Country 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 Lake Country Drilling, Inc. make?
- SeeBITDA estimates Lake Country Drilling, Inc.'s annual revenue at about $5.2M (likely between $3.4M and $5.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Lake Country Drilling, Inc. worth?
- About $1.7M, roughly 2.8× its estimated EBITDA of $621K, typical for a water and sewer line and related structures construction company its size. Likely range: $916K–$2.4M.
- How many employees does Lake Country Drilling, Inc. have?
- About 17, as reported on its PPP loan.