Lignite, North Dakota (PRWEB) September 05, 2011
Inc. Magazine, which recently announced its annual ranking of the fastest growing private companies, has recognized Portal Service for the third time in five years.
Portal Service ranked #1786 in the overall list and #44 in the energy category. The magazine reported that Portal Service grew by 149% percent in the past three years. The company was one of four North Dakota businesses recognized and the only North Dakota-based energy company in the recent rankings.
"This recognition is a great honor as a family-owned energy services business in North Dakota," said Doug Johnson, President and CEO. "This is also a great testament to the hard work and dedication of all the employees in the Portal Service family," he said.
About Portal Service
Portal Service was founded in 1963 and has continued to expand its service offerings with the rapid growth in the North Dakota oil industry. The company is headquartered in Lignite (Burke County) and also maintains a office and yard in Tioga (Williams County).
The company is a leading provider of oilfield, energy infrastructure and heavy civil construction services throughout the Williston Basin and Bakken Shale. The company also sells, installs and rents oilfield equipment and supplies. The company also distributes, installs and maintains HG Pumping Units throughout the United States.
More information is available at http://www.portalservicecompany.com.
About Inc. 5000
The Inc. 5000 listing recognizes companies that are demonstrating the "gold standard of entrepreneurial success," according to the magazine. Independent companies that are privately held, for-profit and based in the U.S. are eligible for the annual ranking.
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million.
A complete list of results of the Inc. 5000 can be found at http://www.inc.com/inc5000/welcome.