Profile: Ranger Energy Services Inc (RNGR.N)
24 May 2019
Ranger Energy Services Inc. is an independent providers of high-specification (high-spec) well service rigs and associated services in the United States. The Company focuses on unconventional horizontal well completion and production operations. The Company operates through Well Services and Processing Solutions segment. Well Services segment provides high-spec well service rigs and complementary equipment and services in the United States, with a focus on unconventional horizontal well completion, workover and maintenance operations. Processing Solutions segment engages in the rental, installation, commissioning, start-up, operation and maintenance of MRUs, NGL stabilizer units, NGL storage units and related equipment.
The Company operates in the active oil and natural gas basins in the United States, including the Permian Basin, the Denver-Julesburg Basin, the Bakken Shale and the Eagle Ford Shale. The Company also offers full transportation, turn-key mobilization services, installation and ongoing operation services in the field. The Company's turn-key mobilization services include in-bound transportation, site offloading, installation, commissioning, startup and training of field personnel. The Company's ongoing operations and maintenance services include daily onsite and callout service, daily field reports and NGL transportation and marketing arrangements. The Company’s high-spec well service rigs facilitate operations throughout the lifecycle of a well, including: well completion support, such as milling out composite plugs used during hydraulic fracturing; workover, including retrieval and replacement of existing production tubing; well maintenance, including replacement of downhole artificial lift components; and decommissioning, such as plugging and abandonment operations. The Company also provide rental equipment, including well control packages and hydraulic catwalks.
The Company competes with Basic Energy Services, Inc., C&J Energy Services, Inc., Forbes Energy Services Ltd., Key Energy Services Inc., Pioneer Energy Services Corp, GTUIT, LLC, Kinder Morgan Treating LP and Schlumberger Limited.
Ranger Energy Services Inc
800 Gessner Rd Ste 1000
HOUSTON TX 77024-4257