Ranger Energy Services completes $27.5 million STEP U.S. well services asset acquisition

Bitget2026/10/09 10:33

Ranger Energy Services completed its purchase of STEP’s U.S. coiled tubing, fluid and nitrogen pumping well services assets on Oct. 8, 2026. Total consideration about $27.5 million, subject to post-closing adjustments; comprised of $22.5 million cash, 307,503 Class A shares valued at $5.0 million. Deal adds coiled tubing units, related equipment, operating assets, lease rights; includes assumed obligations tied to facility, vehicle, equipment leases. Cash portion funded through borrowings under the Wells Fargo revolving credit facility. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ranger Energy Services Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-26-065491), on October 09, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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