Reliance Oilfield Services
How we got $4.6M
Based on typical figures for its industry (2022 Economic Census), not its own records.
Employees over time
▲ 34% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 378 | $136.3M |
| 2021 | Form 5500 | 507 | $182.9M |
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.
What we know
What they do
Reliance Oilfield Services is a Western Canada wireline and cased hole service provider offering electric line, slickline, pumpdown, fiber optics, well optimization and remote location services to oil and gas operators across Manitoba, Saskatchewan, Alberta and British Columbia.
From the company's website. Industry: Oil & gas.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Reliance Oilfield Services this business | $4.6M | — |
| Bcf Minerals Tulsa | $1.5M | 0.0 mi |
| RAM ENERGY LLC Tulsa · 24 employees | $13.2M | 0.2 mi |
| DAVIS OPERATING COMPANY Tulsa · 4 employees | $2.2M | 0.3 mi |
| Brigadier Oil & Gas Tulsa | $1.5M | 0.5 mi |
| GOLDEN GAS SERVICE COMPANY Tulsa · 3 employees | $2.2M | 0.6 mi |
| Huntington Resources, Inc. Tulsa | $1.5M | 0.6 mi |
The full calculation
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 | $4.6M |
| Multiple for this size and industry | 3.6× |
| Value range | $1.2M – $7.5M |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Support Activities for Oil and Gas Operations businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (28%). Treat these as a rough guide.
| Revenue range | $1.5M – $6.3M |
| EBITDA range | $413K – $1.7M |
| 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. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
History & advisors
“From humble beginnings at Canadian Sub-Surface to Pure Energy Services and FMC Wireline, Reliance has evolved into the company it is today.”
Advisors
- AccountingForvis, LLPAudits its 401(k) plan (2021 filing)
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.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Reliance Oilfield Services
Reliance Oilfield Services is an oil & gas company in Tulsa, Oklahoma, in business since 2015. Its estimated annual revenue is about $4.6M, with roughly $1.3M of EBITDA. It has about 507 employees. Its estimated business value is $4.6M (likely range $1.2M–$7.5M).
Common questions
- Who owns Reliance Oilfield Services?
- The owner of Reliance Oilfield Services 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 Reliance Oilfield Services make?
- SeeBITDA estimates Reliance Oilfield Services's annual revenue at about $4.6M (likely between $1.5M and $6.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Reliance Oilfield Services worth?
- About $4.6M, roughly 3.6× its estimated EBITDA of $1.3M, typical for a oil & gas company its size. Likely range: $1.2M–$7.5M.
- How many employees does Reliance Oilfield Services have?
- About 507, from its 2021 retirement-plan filing.
- When was Reliance Oilfield Services founded?
- Reliance Oilfield Services has been in business since 2015.