Summary
Classic Oilfield Services
Founded in 1993
Description
CLASSIC OILFIELD SERVICE LTD. is an oilfield rental company which supplies specialty equipment to the Oilfield Service Industry. The company was established in September 1993 by four men who had the knowledge and the desire to provide a service to the oil and gas industry. They began their operation with a line of fishing tools, sand pumps and clean out bailers. In October 1994, Classic had the opportunity to purchase an existing oilfield company "Ram Oilfield Rentals". With this purchase they became a one stop shop for the oil patch. This diversification allowed the company to expand from a four man operation to 30+ employees during the peek of the oilfield activity in 1997. In October 1999, Classic Oilfield Service Ltd. purchased the assets of "Double R Oilfield Rentals" increasing the size of the company dramatically. At this time, there was no job too big or too small for this company to handle. The addition of 3 Knuckle Pickers ranging from 25 to 35 tons equipped with Tridem Air-ride trailers for moving equipment allowed this company to be completely self sufficient in the industry. Classic Oilfield Service Ltd. can supply anything the customer requires to complete the job. We continue to purchase more equipment and build up an already impressive inventory.
Strengths
- Classic Oilfield Services has a strong market share in their industry
- Revenue generated per employee is greater than industry average
- Demonstrating revenue growth that is faster than the industry average
- Revenue growth is more steady than the industry average
Weaknesses
- The number of employees is not growing as fast as the industry average
- Since Classic Oilfield Services was founded, the company has experienced slower revenue growth than the industry average
Annual Revenue
Classic Oilfield Services's annual revenue
$6697000
Based on Kona Equity data
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Revenue per employee
$334850
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Variance of revenue growth
0.01
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Annual revenue growth since founding
$237862
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Revenue growth rate from first known quarter to current
18.9%
Employee Count
20 employees
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Employee growth rate from first known quarter to current
-13.8%
Executives
Kim Heck
Office Administration
k**@classoil.comTimothy Holman
Rental Dispatcher
t**@classoil.comJoe Franklin
Truck Driver
j**@classoil.comCarley Johnstone
Accounts Receivable Clerk
c**@classoil.comJeff Owens
Business Owner
j**@classoil.comAdam Johnstone
Sales Director
a**@classoil.comJeremy Clark
Truck Driver
j**@classoil.comMike Blize
Manager, Operations
m**@classoil.comDaniela Tobler
Sales & Marketing Representative
d**@classoil.comGinette Aube
Office Manager
g**@classoil.comBrenda Johnstone
Office Admin
b**@classoil.comG Score - 4
The G Score is an eight-point scale where firms are given a score of 1 for each of the criteria that they pass. The G score compares a company against the industry median to find those that are healthy and growing.
- G1 Revenue is greater than the industry median.
- G2 Income per employee more than industry average.
- G3 Revenue growth rate from the first known quarter to current is higher than the industry average.
- G5 Variance of revenue growth is less than the industry average
Location
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Key Information
- Name: Classic Oilfield Services
- Category: Oil energy
- Industry: Oil Field Equipment Supplier
- SIC: 49; 138
- NAICS: 21; 211
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Firmographic data G Score of 4 Founded in 1993 SIC: 49 SIC: 138 NAICS: 21 NAICS: 211 #Oil & Gas Exploration & Services #Energy, Utilities & Waste Treatment
Frequently Asked Questions
Classic Oilfield Services's headquarters are located at 5222 - 65 St Lloydminster, Alberta T9V 2T3.
Classic Oilfield Services's official website is classoil.com
Classic Oilfield Services's annual revenue is $6.7 M.
Classic Oilfield Services's SIC: 49; 138
Classic Oilfield Services's NAICS: 21; 211.
Classic Oilfield Services has 20 employees
Classic Oilfield Services is in the industry of Oil energy.