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Oilfield service provider: Ranger Energy Services (RNGR) (2017)

Ranger Energy Services, Inc. (NYSE:RNGR) was founded in 2017 and is headquartered in Houston, Texas, USA, with 1,074 full-time employees. It is one of the largest independent suppliers of high-standard drilling and related services in the United States, focusing on technology Unconventional horizontal well completion and production operations are required.

Ranger Energy Services

Ranger Energy Services (RNGR):

The 123 well-served drilling rigs owned by Ranger Energy Services (including 49 drilling service platforms acquired from ESCO) are one of the latest and most advanced units in the industry. Based on the company’s history of rig utilization and customer feedback, Ranger Energy Services is The preferred operator of Shanghai Exploration and Production (“E&P”) companies.

Ranger Energy Services’ high specification (the company’s only drilling rig that is not high specification is generally only used for plugging and abandonment of conventional vertical wells) drilling service drilling rigs can be operated during the entire life cycle of the well, including (i) completion support , Such as milling composite plugs used in hydraulic fracturing; (ii) repairs, including retrieval and replacement of existing production pipelines; (iii) good maintenance, including replacement of underground artificial elevator components; and (iv) decommissioning, such as blockages and abandonment operation.

Ranger Energy Services also provides rental equipment, including well pipe control packages, hydraulic walkways and other equipment often deployed in the company’s wells.

In addition, Ranger Energy Services owns and operates a number of proprietary modular natural gas processing equipment that can process abundant natural gas streams at wellheads or central gathering points.

Ranger Energy Services has operations in most active oil and gas basins in the United States, including the Permian Basin, Denver-Julesburg Basin, Bakken Shale, Eagle Ford Shale, Hainesville Shale, SCOOP and STACK on the Gulf Coast.

Ranger Energy Services’ customers include many leading U.S. onshore exploration and development operators , such as Devon Energy Corporation (ESCO customer), EOG Resources, Inc. , Noble Energy, Inc. , Oasis Petroleum Inc. , PDC Energy Inc. and Statoil ASA etc.

Ranger Energy Services (RNGR) investment:

Ranger Energy Services, Inc. (NYSE:RNGR) submitted its IPO prospectus on 5/22/2017 and listed on the NYSE on 8/11/2017 with an issue price of US$14.5. It issued 5,862,069 shares and raised 8,500 Ten thousand dollars, stock code: RNGR.

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