Mergers and Acquisitions (M&A): Ranger Energy Services (NYSE: RNGR) Announces Agreement to Acquire American Well Services for $90.5 Million.
Houston, Texas – Ranger Energy Services has announced the acquisition of American Well Services (https://www.americanwellservices.net/). According to the company announcement Ranger Energy Services, Inc. is a leading provider of high-specification workover rigs and completion solutions for the U.S. onshore oil and gas industry. The company is dedicated to delivering safe, reliable, and innovative services through technology-enabled solutions designed to maximize customer productivity and minimize environmental impact. Following the acquisition of American Well Services, Ranger has become the largest well-servicing provider in the lower 48 states, with a significant presence in the Permian Basin. This strategic move expanded Ranger’s scale by increasing its rig count by approximately 25% and added complementary service lines such as tubing rentals and inspection. The company is also focused on innovation, with investments in its ECHO hybrid electric rig program and the Overwatch AI diagnostics platform to drive efficiency and safety.
To learn more about Ranger Energy Services, visit https://www.rangerenergy.com/
Company LinkedIn Page: https://www.linkedin.com/company/ranger-energy-services/
Company Contact:
Ranger Energy Services
10350 Richmond Avenue, Suite 550
Houston, TX 77042
713-935-8900
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