Ranger Energy Services announced today the acquisition of Patriot Completion Solutions LLC (d/b/a Patriot Well Solutions) in an all-stock transaction. The acquisition of Patriot further expands Ranger's high quality wireline business while maintaining our considerable balance sheet strength. Patriot's market leading reputation for wireline evaluation and intervention services, combined with its strong market presence in the Permian, Bakken, DJ, and Powder River Basins, and debt free balance sheet, created a highly attractive opportunity for Ranger.

Read the full press release.

Attachments

  • Original document
  • Permalink

Disclaimer

Ranger Energy Services Inc. published this content on 17 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 May 2021 17:27:23 UTC.