Ranger Energy Services Acquires American Well Services from Argonaut Private Equity

Argonaut Private Equity Acquires Pioneer Well Services Assets (American Well Services)

March 22, 2021

Energy

Argonaut Private Equity acquired the assets of Pioneer Well Services, a subsidiary of Pioneer Natural Resources, and the operations will do business as American Well Services. The transaction retains substantially all operations employees and assets (rigs, water hauling trucks, frac tanks, hot oil units and heavy construction equipment) and positions the business to partner with Argonaut portfolio company Nichols Oil Tools to offer bundled completions and workover solutions in the Permian Basin.

Ranger Energy Services Acquires Patriot Completion Solutions

May 17, 2021

Oil & Gas

Ranger Energy Services, Inc. (NYSE: RNGR) acquired Patriot Completion Solutions LLC (d/b/a Patriot Well Solutions) in an all-stock transaction. The deal expands Ranger's wireline evaluation and intervention capabilities, adding Patriot's 22 wireline units and experienced technical team while Patriot was a portfolio company of White Deer Energy.

Ranger Energy Services Acquires PerfX Wireline Services

July 9, 2021

Oil & Gas

Ranger Energy Services, Inc. (NYSE: RNGR) completed the acquisition of PerfX Wireline Services on July 8, expanding its Mallard wireline business alongside the recent Patriot Completion Services acquisition. The transactions add significant assets (wireline trucks, pumps, cranes), eight locations and 27 customers, and include a warrant giving Ranger a 30% ownership option in XConnect; Ranger issued shares and assumed certain equipment-related debt as part of the combined deals.

Baytex Energy Acquires Ranger Oil Corporation

June 20, 2023

Energy

Baytex Energy Corp. completed the acquisition (the Merger) of Ranger Oil Corporation, materially increasing Baytex's operated footprint in the Eagle Ford and expanding its North American oil-weighted asset base. The transaction enhances Baytex's development inventory and free cash flow profile, enabling increased shareholder returns and the introduction of a dividend.

Axis Energy Services Merges with Brigade Energy Services

October 1, 2024

Oil & Gas

Axis Energy Services and Brigade Energy Services have closed a merger to form a combined well-servicing company operating under the Axis Energy Services name and headquartered in Dallas. The combination creates a larger, technology-forward well services provider with expanded workforce and equipment capacity—positioning the company to better serve major U.S. oil and gas basins and accelerate P&A, completion and workover capabilities.

Quanta Services Acquires Evergreen North America Industrial Services from The Sterling Group

February 23, 2024

Industrial Services

Quanta Services has completed the acquisition of Evergreen North America Industrial Services from private equity firm The Sterling Group. Evergreen is a provider of specialized and recurring environmental and industrial services to downstream/midstream energy, industrial and chemical customers; the deal expands Quanta’s environmental and specialty infrastructure capabilities and geographic footprint across North America.