Ranger Energy Services Acquires Patriot Completion Solutions

Ranger Energy Services Acquires American Well Services from Argonaut Private Equity

November 10, 2025

Oil & Gas

Ranger Energy Services (NYSE: RNGR) has acquired American Well Services (AWS), a Permian Basin-focused well services provider, from Argonaut Private Equity for approximately $90.5 million in a cash, stock and earn‑out deal. The acquisition increases Ranger’s rig count by roughly 25%, expands its service lines and is expected to be immediately accretive with identified synergies of $4 million.

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.

Caliber Completion Services Acquires Wireline Assets from ClearWell/Pioneer Wireline

May 10, 2022

Oil & Gas

Caliber Completion Services, LLC acquired substantially all wireline assets previously owned by the ClearWell Dynamics subsidiary formerly known as Pioneer Wireline Services, LLC. The transaction — supported by investor B-29 Investments, LP — expands Caliber’s geographic footprint and service offerings across the Permian Basin and Mid‑Continent region, increasing its operational wireline units from seven to roughly forty.

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.

Patriot Environmental Acquires Transwater

August 18, 2020

Environmental Services

Patriot Environmental, LLC has acquired Transwater, Inc., a Midland, Texas provider of remote water-monitoring solutions for oil & gas, mining and solid-waste markets. The acquisition adds Transwater’s TransWatch remote sensors, drone/boat-based surveying and water-lab capabilities to Patriot’s geosynthetics and water-management services as an add-on to Patriot’s platform within the Environmental Specialties International portfolio.