Ranger Energy Services Inc. (RNGR)

Overview

Ranger Energy Services, Inc., based in Houston, Texas, and established in 2017, specializes in providing comprehensive onshore energy services across the United States. The company caters to exploration and production companies by supplying high-specification well service rigs, wireline services, and an array of complementary services. These offerings are spread over three main segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services, each tailored to support operations throughout the lifecycle of a well. Ranger Energy Services prides itself on its extensive fleet, including well service rigs, wireline units, and high-pressure pump trucks, facilitating a vast range of maintenance and operational needs within the oil and gas sector.

Products and Services

• High Specification Rigs:

  This segment delivers well service rigs accompanied by complementary equipment and services essential for the comprehensive lifecycle management of a well, including well maintenance services. Ranger Energy boasts a fleet of 402 well service rigs, specialized in accommodating the complex requirements of its clients.

• Wireline Services:

  These services encompass wireline production and intervention solutions designed to diagnose and rectify well production challenges. The offerings include cased hole logging, perforating, mechanical, and pipe recovery services aimed at enhancing well productivity. Additionally, wireline completion services primarily support pump down perforating operations, creating perforations or entry holes through the production casing. Supporting this segment, Ranger Energy maintains a fleet of 66 wireline units and 29 high-pressure pump trucks.

• Processing Solutions and Ancillary Services:

  Ranger Energy rents out well service-related equipment, such as fluid pumps, power swivels, well control packages, hydraulic catwalks, frac tanks, pipe racks, and pipe handling tools, catering to a variety of operational needs. The segment extends to include specialized services like coiled tubing, decommissioning, and snubbing. Additionally, it offers proprietary and modular equipment for the processing of natural gas streams. This encompasses the rental, installation, commissioning, start up, operation, and maintenance of mechanical refrigeration units, nitrogen gas liquid stabilizer units, nitrogen gas liquid storage units, and related equipment, ensuring flexible and comprehensive solutions for gas processing requirements.