M&A Deal Summary

Ranger Energy Services Acquires Basic Energy Services

On September 16, 2021, Ranger Energy Services, Inc. acquired energy services and equipment company Basic Energy Services, Inc. for 37M USD

Acquisition Highlights
  • This is Ranger Energy Services’ 4th transaction in the Energy Services and Equipment sector.
  • This is Ranger Energy Services’ 1st largest (disclosed) transaction.
  • This is Ranger Energy Services’ 4th transaction in the United States.
  • This is Ranger Energy Services’ 2nd transaction in Texas.

M&A Deal Summary

Date 2021-09-16
Target Basic Energy Services, Inc.
Sector Energy Services and Equipment
Buyer(s) Ranger Energy Services, Inc.
Deal Type Special Situations/Distressed
Deal Value 37M USD

Target

Basic Energy Services, Inc.

Fort Worth, Texas, United States
website
Basic Energy's corporate headquarters in Forth Worth, Texas.
Basic Energy's corporate headquarters in Forth Worth, Texas.
Basic Energy Services is a provider of well-site services for oil and gas exploration and production companies. These services are fundamental to establishing and maintaining the flow of oil and gas from a well throughout its life cycle. Basic Energy Services was formed in 1992 and is based in Fort Worth, Texas.

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Buyer(S) 1

Buyer

Ranger Energy Services, Inc.

Houston, Texas, United States

website


Category Company
SectorEnergy Services and Equipment
DESCRIPTION

Ranger Energy Services is an independent provider of well service rigs and associated services in the United States, with a focus on unconventional horizontal well completion and production operations. Ranger Energy Services is based in Houston, Texas.


DEAL STATS #
Overall 4 of 4
Sector (Energy Services and Equipment) 4 of 4
Type (Special Situations/Distressed) 1 of 1
State (Texas) 2 of 2
Country (United States) 4 of 4
Year (2021) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-09 PerfX Wireline Services LLC

Denver, Colorado, United States

PerfX Wireline Services is specializing in pump down perforating operations. PerfX Wireline Services was founded in 2014 and is based in Denver, Colorado.

Buy -