Ranger Energy Services Signs Contract with Chevron for Three Additional ECHO Hybrid Rigs

Corporate ActionCommodity
โดย Business Wire·Read original
Summary · why it matters

Ranger Energy Services has entered into a contract with Hess Corporation, a wholly owned subsidiary of Chevron, to deploy three additional ECHO hybrid workover rigs in the Lower 48 United States. The ECHO rig, introduced in 2025, is the industry's first Hybrid Double Electric Workover Rig and reflects Ranger's ongoing conversion and electrification of its conventional rig fleet. The three rigs are expected to be delivered to Chevron in 2027, equipped with winterization packages, and will operate in the Bakken. With these additions, Ranger's active ECHO rig fleet is expected to reach twenty rigs by the end of 2027.

Impact on stocks 2

Energy▲ · 2 stocks
Ranger Energy Services Inc
RNGR
▲ PositiveDemandrelevance

Ranger signs contract with Chevron for three additional ECHO hybrid rigs, expanding its active fleet.

Chevron Corp
CVX
▲ PositiveDemandrelevance

Chevron's subsidiary Hess contracts for three additional ECHO hybrid rigs, indicating demand for Ranger's services.

Off-coverage companies 1

Hess CorporationPrivate▲ Positive
Demandrelevance

Hess, as Chevron subsidiary, contracts for three additional ECHO hybrid rigs, supporting its operations.

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