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Ranger Energy Services Inc's Business Segments
Ranger Energy Services Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q2 FY2025
Reportable Segments
3
Largest Segment
High Specification Rigs
Total Revenue
$ 141
Regions Reported
-
Revenue Share by Reportable Segment - Q2 FY2025
- High Specification Rigs61.4%
- Processing Solutions and Ancillary Services22.9%
- Wireline Service15.7%
Revenue by Reportable Segment - Q2 FY2025
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| High Specification Rigs | $ 86 | 61.4% |
| Processing Solutions and Ancillary Services | $ 32 | 22.9% |
| Wireline Service | $ 22 | 15.7% |
Revenue by Product & Service Category - Q2 FY2025
- High Specification Rigs61.4%
- Processing Solutions and Ancillary Services22.9%
- Wireline Services15.7%
Revenue by Product & Service Category - Q2 FY2025
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| High Specification Rigs | $ 86 | 61.4% |
| Processing Solutions and Ancillary Services | $ 32 | 22.9% |
| Wireline Services | $ 22 | 15.7% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Ranger Energy Services Inc
Ranger Energy Services Inc. is a leading provider of well service rigs and associated support services in the United States. The company has a strong track record of delivering safe and efficient solutions to the oil and gas industry.
Ranger Energy Services operates a fleet of modern and technologically advanced well service rigs, which are used for a variety of activities including completion and remedial work, well maintenance, and production enhancement. These rigs are equipped with state-of-the-art equipment and are staffed by highly skilled and experienced crews.
The company offers a comprehensive range of support services to complement its rig operations. These services include fluid management, providing rigs and personnel for well testing, and equipment rental. The fluid management services include the transportation, storage, and disposal of fluids used in drilling and production operations.
In addition to its well service rig fleet, the company also offers wireline services. Wireline services involve the use of wireline cables to perform various downhole operations such as logging, perforating, and well intervention. Ranger Energy Services has a dedicated team of wireline experts who provide safe and efficient wireline solutions to clients.
Ranger Energy Services places a strong emphasis on safety, quality, and environmental stewardship. The company has implemented rigorous safety protocols and procedures to ensure that all operations are conducted in a safe and efficient manner. Quality control measures are also in place to deliver high-quality services and meet customer expectations. Additionally, the company is committed to minimizing its environmental footprint through responsible waste management and resource conservation practices.
The company's clients include major oil and gas companies, independent operators, and well service providers. Ranger Energy Services has a strong presence in key oil and gas producing regions across the United States, including the Permian Basin, the Eagle Ford Shale, and the Gulf Coast.
Overall, Ranger Energy Services Inc. is a trusted and reliable provider of well service rigs and support services to the oil and gas industry. With a focus on safety, quality, and environmental responsibility, the company continues to deliver innovative solutions and excellent customer service.
Ranger Energy Services operates a fleet of modern and technologically advanced well service rigs, which are used for a variety of activities including completion and remedial work, well maintenance, and production enhancement. These rigs are equipped with state-of-the-art equipment and are staffed by highly skilled and experienced crews.
The company offers a comprehensive range of support services to complement its rig operations. These services include fluid management, providing rigs and personnel for well testing, and equipment rental. The fluid management services include the transportation, storage, and disposal of fluids used in drilling and production operations.
In addition to its well service rig fleet, the company also offers wireline services. Wireline services involve the use of wireline cables to perform various downhole operations such as logging, perforating, and well intervention. Ranger Energy Services has a dedicated team of wireline experts who provide safe and efficient wireline solutions to clients.
Ranger Energy Services places a strong emphasis on safety, quality, and environmental stewardship. The company has implemented rigorous safety protocols and procedures to ensure that all operations are conducted in a safe and efficient manner. Quality control measures are also in place to deliver high-quality services and meet customer expectations. Additionally, the company is committed to minimizing its environmental footprint through responsible waste management and resource conservation practices.
The company's clients include major oil and gas companies, independent operators, and well service providers. Ranger Energy Services has a strong presence in key oil and gas producing regions across the United States, including the Permian Basin, the Eagle Ford Shale, and the Gulf Coast.
Overall, Ranger Energy Services Inc. is a trusted and reliable provider of well service rigs and support services to the oil and gas industry. With a focus on safety, quality, and environmental responsibility, the company continues to deliver innovative solutions and excellent customer service.
Ranger Energy Services, Inc. offers a wide range of services and products tailored primarily for the energy sector, particularly in the oil and gas industry. The company specializes in providing a comprehensive suite of services that facilitate the exploration, production, and development of oil and gas resources.
1. Segments
Ranger Energy Services operates through several key segments which include:
a. Well Services
This segment focuses on providing essential services that are critical throughout the lifecycle of an oil and gas well. Well services may include well completion, workovers, and maintenance.
- Completion Services: Involves preparing the well for production after drilling. This includes activities such as fracking, cementing, and hydrostatic testing.
- Workover Services: This includes interventions on existing wells to enhance production, repairs, and maintenance, which might entail replacing equipment or optimizing the production process.
b. Fluid Services
Fluid services refer to the management and transportation of fluids that are integral to the drilling and production processes.
- Water Transfer Services: Moving large volumes of water, which is crucial for hydraulic fracturing operations.
- Fluid Management: Handling, treating, and disposing of water and other fluids used in exploration and production, ensuring compliance with environmental regulations.
c. Fishing Services
Fishing services involve the retrieval of equipment or debris that becomes lodged in a well. This is essential for maintaining operational efficiency.
- Fishing Tools & Techniques: Use of specialized tools to remove stuck equipment or material from the wellbore, including heavy-duty magnets, grapple tools, and other retrieval devices.
d. Rental Services
This segment provides various equipment rental options to operators in the oil and gas sector.
- Rental Equipment: This can include drill pipe, production equipment, tanks, and pressure control equipment, allowing clients to reduce capital expenses by renting instead of purchasing.
e. Production Services
Production services support the continuous operation of oil and gas production facilities.
- Asset Management: Ongoing monitoring and management of production assets equipment to optimize efficiency and output.
- Maintenance Programs: Regular and emergency maintenance services provided to ensure that production equipment remains operational.
Products
While Ranger Energy Services primarily offers services, its operations do involve the provision of specialized equipment necessary for the oil and gas sector, which includes:
- Production Equipment: Items such as separators, compressors, and pumps that are essential for the extraction and processing of oil and gas.
- Well Intervention Tools: These include a range of tools designed to facilitate servicing operations, such as coiled tubing units, slickline, and wireline equipment.
- Pressure Control Equipment: Equipment such as blowout preventers (BOPs) designed to manage well pressure and ensure safety during drilling and completion activities.
Services
In addition to the aforementioned segments, Ranger Energy Services provides a range of integrated services that enhance operational effectiveness in the energy sector:
- Safety and Compliance Services: Ensuring that operations meet industry safety standards and regulatory requirements, minimizing risks associated with oil and gas operations.
- Project Management Services: Offering planning and execution support for oil and gas projects from initial conception through operational execution.
- Technical and Engineering Support: Providing engineering expertise to optimize well design and operations, ensuring that projects remain on schedule and within budget.
Conclusion
Ranger Energy Services, Inc. differentiates itself through its dedicated focus on providing high-quality, specialized services that enhance the productivity and efficiency of well drilling and production operations. By offering a comprehensive suite of services across various segments, along with essential rental equipment and a commitment to safety and compliance, Ranger Energy Services positions itself as a key player in the oil and gas industry, catering to the diverse needs of its clients.
1. Segments
Ranger Energy Services operates through several key segments which include:
a. Well Services
This segment focuses on providing essential services that are critical throughout the lifecycle of an oil and gas well. Well services may include well completion, workovers, and maintenance.
- Completion Services: Involves preparing the well for production after drilling. This includes activities such as fracking, cementing, and hydrostatic testing.
- Workover Services: This includes interventions on existing wells to enhance production, repairs, and maintenance, which might entail replacing equipment or optimizing the production process.
b. Fluid Services
Fluid services refer to the management and transportation of fluids that are integral to the drilling and production processes.
- Water Transfer Services: Moving large volumes of water, which is crucial for hydraulic fracturing operations.
- Fluid Management: Handling, treating, and disposing of water and other fluids used in exploration and production, ensuring compliance with environmental regulations.
c. Fishing Services
Fishing services involve the retrieval of equipment or debris that becomes lodged in a well. This is essential for maintaining operational efficiency.
- Fishing Tools & Techniques: Use of specialized tools to remove stuck equipment or material from the wellbore, including heavy-duty magnets, grapple tools, and other retrieval devices.
d. Rental Services
This segment provides various equipment rental options to operators in the oil and gas sector.
- Rental Equipment: This can include drill pipe, production equipment, tanks, and pressure control equipment, allowing clients to reduce capital expenses by renting instead of purchasing.
e. Production Services
Production services support the continuous operation of oil and gas production facilities.
- Asset Management: Ongoing monitoring and management of production assets equipment to optimize efficiency and output.
- Maintenance Programs: Regular and emergency maintenance services provided to ensure that production equipment remains operational.
Products
While Ranger Energy Services primarily offers services, its operations do involve the provision of specialized equipment necessary for the oil and gas sector, which includes:
- Production Equipment: Items such as separators, compressors, and pumps that are essential for the extraction and processing of oil and gas.
- Well Intervention Tools: These include a range of tools designed to facilitate servicing operations, such as coiled tubing units, slickline, and wireline equipment.
- Pressure Control Equipment: Equipment such as blowout preventers (BOPs) designed to manage well pressure and ensure safety during drilling and completion activities.
Services
In addition to the aforementioned segments, Ranger Energy Services provides a range of integrated services that enhance operational effectiveness in the energy sector:
- Safety and Compliance Services: Ensuring that operations meet industry safety standards and regulatory requirements, minimizing risks associated with oil and gas operations.
- Project Management Services: Offering planning and execution support for oil and gas projects from initial conception through operational execution.
- Technical and Engineering Support: Providing engineering expertise to optimize well design and operations, ensuring that projects remain on schedule and within budget.
Conclusion
Ranger Energy Services, Inc. differentiates itself through its dedicated focus on providing high-quality, specialized services that enhance the productivity and efficiency of well drilling and production operations. By offering a comprehensive suite of services across various segments, along with essential rental equipment and a commitment to safety and compliance, Ranger Energy Services positions itself as a key player in the oil and gas industry, catering to the diverse needs of its clients.