What Ranger Energy Services does

Ranger Energy Services, Inc. (NYSE: RNGR) is a Houston-based, publicly traded oilfield services company founded in 2014 and IPO'd on the NYSE in August 2017. The company provides high-specification mobile rig well services, cased hole wireline services, and natural gas processing solutions to major U.S. exploration and production operators across the Permian (including Delaware), Bakken, DJ, Powder River, and Williston basins. Following the November 2025 acquisition of American Well Services, Ranger operates the largest well-servicing fleet in the Lower 48, with approximately 138+ mobile rigs and 68 wireline trucks delivering well-lifecycle coverage from completion through production, intervention, workover, and plug-and-abandonment.

Revenue is generated through usage-based contracts priced primarily on rig hours (historically averaging $584-$587 per hour on high-spec rigs), per-job wireline services, and managed-services fees on mobile treating units for natural gas processing. Go-to-market is direct enterprise field sales targeting large E&P operators — Pioneer Natural Resources, Oxy, ExxonMobil (Delaware), Continental Resources, BPX Energy, and Chord Energy are documented customers. Customer engagement is reinforced through industry consortiums such as the Enverus-backed LifeSaver safety platform. The company is executing an acquisition-led consolidation strategy: Patriot Completion Solutions (May 2021), PerfX Wireline Services (July 2021), Basic Energy Services assets (October 2021), and American Well Services (November 2025) collectively built a national, multi-basin platform from a single-basin origin.

The technology portfolio underpins service delivery rather than functioning as a standalone software business. Ranger RIGS is a proprietary sensor-and-cloud data acquisition system capturing real-time wellsite metrics (pump rates, pressures, volumes, weight, depth, torque) transmitted to engineers, managers, and customers. Ranger Live is a mobile application suite covering safety, vehicle tracking, electronic ticketing, and preventive maintenance. ECHO is a hybrid-electric workover rig program with 17 contracted units and 15 new builds delivering Q3 2026 through 2027, projecting $11.9M of incremental EBITDA on $45.9M of revenue. FY2025 reported revenue was $546.9M with $60.7M of EBITDA, $12.3M of net income, and $42.9M of free cash flow; Q1 2026 revenue of $159.1M (up 17.7% YoY) and a 14.6% adjusted EBITDA margin indicate early-cycle recovery following the AWS integration.

Name

Ranger Energy Services

Legal name

Ranger Energy Services, LLC and Affiliates

Website

https://rangerenergy.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Ranger Energy Services (NYSE: RNGR) is a Houston-based oilfield services company operating the largest fleet of high-specification mobile well-servicing rigs and wireline trucks in the U.S. Lower 48, delivering completion, production, workover, and abandonment services to major E&P operators across the Permian, Bakken, DJ, and Powder River basins.

Ownership category

akta.pro rank

Product category

Oilfield Well Services

NAICS

Pipeline Transportation of Natural Gas (486210), Electric Power Transmission, Control, and Distribution (22112)

SIC

Oil & Gas Field Machinery & Equipment (3533), Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Gas-Fired Power Plant O&M and Life-Extension/Repowering Services (EUACABAJ)

akta.pro secondary industry

Gas Distribution Operations (Day-to-Day Field & System Operations) (EUAJAAAB)

Keywords

• Oilfield well services
• Workover rig services
• Cased hole wireline
• Natural gas processing
• Plug and abandonment

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. High Specification Mobile Rig Well Services: Ranger operates one of the largest fleets of high-specification mobile well service rigs in the U.S., providing completion, production, maintenance, intervention, workover, and abandonment services for unconventional horizontal wells. This is the primary revenue driver, supplemented by ancillary services including rig-assist snubbing, flowback, transportation, rental tools, and fishing services. Rig rates averaged approximately $584-$587 per hour historically, with the ECHO hybrid rig program targeting $45.9M in revenue from 17 contracted units.
2. Cased Hole Wireline Services: Ranger provides cased hole wireline services including completions (perforating, plug setting), production and intervention, and pressure pumping. Following the Patriot and PerfX acquisitions, the wireline fleet expanded to approximately 68 wireline trucks plus 55 from acquisitions (totaling 68 trucks post-transaction). Revenue contribution from the Completion and Other Services segment (primarily wireline) was $50.8M in Q3 2021, growing substantially post-acquisition.
3. Natural Gas Processing / Processing Solutions: The Processing Solutions segment engages in the rental, installation, commissioning, start-up, operation and maintenance of Mobile Treating Units (MRUs), Natural Gas Liquid stabilizer and storage units and related equipment. Revenue contribution is smaller, approximately $1.0-1.2M per quarter.
4. Equipment and Tool Rentals: Ranger provides equipment rentals including tubing rentals, inspection, and chemical sales as part of ancillary services, adding higher-margin service lines through the AWS acquisition.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Ranger Energy Services provides high-specification mobile well service rigs and complementary cased-hole wireline services to oil and gas operators across the well lifecycle—from completion and production through workover and plugging and abandonment. The company also operates natural gas processing facilities and related ancillary services in select basins, supporting E&P customers with integrated wellsite solutions.

Product overview

Ranger Energy Services offers a portfolio of oilfield services structured as three core service divisions plus a technology platform. The first division, Well Services, provides high specification mobile rig services (including the premium Ranger Elite tier) covering the complete well lifecycle from completion through plug and abandonment, augmented by Ranger Elite premium offering, Rig Assist Snubbing, Fishing Services, and Equipment Rentals. The second division, Wireline Services, operated under the Mallard brand following acquisitions of Patriot Completion Solutions and PerfX Wireline Services, delivers cased hole wireline services including completions, production, intervention, and pressure pumping. The third division, Natural Gas Processing, handles rental, installation, commissioning, and maintenance of MRUs and NGL equipment. Supporting these service operations is a technology portfolio comprising Ranger Live (mobile platform with safety, tracking, ticketing, and maintenance systems), Ranger RIGS (real-time data acquisition system capturing wellsite metrics via cloud), eRIGS, and TOPS. The company has also launched the ECHO Hybrid Electric Rig program as a strategic innovation toward production-focused well servicing. A notable partnership initiative is the LifeSaver safety platform built on Enverus ONE.

Differentiator

Problem solved

Functional benefit

Brands

• Ranger RIGS: Ranger Information Gathering System - data acquisition system that delivers live wellsite metrics for operational performance benchmarking.
• Ranger Live
• Mallard

Products and services

• High-Specification Mobile Well Service Rigs High-spec mobile workover and well service rigs used by oil and gas operators to perform well completions, workover operations, production maintenance, and plugging and abandonment activities. Sold under the company's core well services line.
• Cased-Hole Wireline Services Cased-hole wireline and pump-down services for oil and gas operators covering well diagnostics, perforating, logging, and downhole mechanical services across the producing life of a well.
• Natural Gas Processing Solutions Wellhead natural gas treating and processing equipment and services that capture, treat, and monetize associated gas from oil and gas production sites, deployed primarily in the Permian Basin.
• ECHO Hybrid Electric Workover Rig A hybrid-electric workover rig designed to deliver high-spec workover performance with reduced fuel consumption, lower emissions, and improved wellsite efficiency compared with conventional diesel-only rigs.

Quantifiable outcome

• AWS acquisition expected to generate $4 million in annual cost synergies
• +6 more outcomes

Named customers6 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• EnveruscoreStrategic or Co-development Partner · 5 May 2026Ranger Energy Services, together with Continental Resources, BPX Energy, and Chord Energy, teamed with Enverus to build the LifeSaver field safety platform on the Enverus ONE platform. LifeSaver provides real-time, job-specific safety guidance to energy field crews using mobile technology. Field pilots are planned for 2026 beginning with well service and workover operations in the Bakken region, before expanding to additional North American basins and adjacent industrial sectors including power plant maintenance, wind and solar construction, and water infrastructure. The consortium model allows competitor companies to collaborate on a shared safety challenge while maintaining control over their own safety content and data.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Liberty Energy: Liberty Energy provides hydraulic fracturing, wireline, and production services across major U.S. basins. Directly comparable to Ranger in completion and well-services offerings, with similar enterprise-focused GTM targeting major E&P operators.
• NCS Multistage Holdings: NCS Multistage provides well-completion technologies and services including frac systems and downhole tools for U.S. shale operators. Comparable to Ranger's wireline and completion portfolio, particularly in production-stage intervention services.
• ProFrac Holding Corp: ProFrac is a U.S. hydraulic fracturing and well-completion services provider operating across multiple basins. Directly comparable to Ranger in completion services with similar enterprise sales model targeting major U.S. shale operators.
• Nine Energy Service: Nine Energy Service provides completion and production services to U.S. shale operators, including wireline, cementing, and well intervention. Directly comparable to Ranger's wireline and well-services portfolio serving the same unconventional horizontal well customer base.
• C&J Energy Services: C&J Energy Services provides completion services, wireline, and well services to U.S. upstream operators. Direct comparable to Ranger in well-completion and intervention offerings, with overlapping basin coverage and customer base.
• ProPetro Holding Corp: ProPetro is a leading U.S. oilfield services company providing pressure pumping, completion, and well services primarily in the Permian Basin. Direct comparable to Ranger in high-spec mobile rig/well-servicing offerings for major U.S. shale operators.

Broad incumbents

• Halliburton: Halliburton is one of the world's largest oilfield services companies with a comprehensive portfolio including completion services, drilling, and production solutions. Overlaps with Ranger in completion and well-services offerings as part of a much broader global portfolio.
• Patterson-UTI Energy: Patterson-UTI is a large U.S. oilfield services provider offering drilling rigs, pressure pumping, and directional drilling. Overlaps with Ranger in pressure pumping and well-completion services, though its drilling-focused portfolio is broader than Ranger's well-servicing specialty.
• Helmerich & Payne: Helmerich & Payne is a major U.S. drilling rig contractor with growing well-completion and pressure-pumping operations. Overlaps with Ranger in well-services and rig-based offerings, though drilling remains its primary business focus.

Regional players

• STEP Energy Services: STEP Energy Services is a Canada-based oilfield services provider offering fracturing, coiled tubing, and well services. Comparable to Ranger in well-services offerings, though primarily serving Canadian basins with limited U.S. overlap.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/RangerEnergy
• YouTubeyoutube.com/channel/UC6hB_KrfXA3I3jGZYyBZAJw
• Facebookfacebook.com/RangerEnergyServices
• LinkedInlinkedin.com/company/ranger-energy-services
• Instagraminstagram.com/rangerenergyservices

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ranger Energy Services