{"id":981273,"date":"2026-07-14T07:34:15","date_gmt":"2026-07-14T11:34:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ranger-energy-services-announces-contract-with-chevron-to-build-three-additional-echo-hybrid-rigs\/"},"modified":"2026-07-14T07:34:15","modified_gmt":"2026-07-14T11:34:15","slug":"ranger-energy-services-announces-contract-with-chevron-to-build-three-additional-echo-hybrid-rigs","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ranger-energy-services-announces-contract-with-chevron-to-build-three-additional-echo-hybrid-rigs\/","title":{"rendered":"Ranger Energy Services Announces Contract with Chevron to Build Three Additional ECHO Hybrid Rigs"},"content":{"rendered":"

<\/p>\n

Ranger Energy Services Announces Contract with Chevron to Build Three Additional ECHO Hybrid Rigs<\/b><\/p>\n

HOUSTON–(BUSINESS WIRE<\/a>)–
\nRanger Energy Services, Inc. (NYSE: RNGR) (\u201cRanger\u201d or the \u201cCompany\u201d) today announced that it has entered into a contract with Hess Corporation, a wholly owned subsidiary of Chevron Corporation (NYSE: CVX) to deploy three additional ECHO hybrid workover rigs in the Lower 48 United States. Introduced in 2025, Ranger\u2019s ECHO workover rig is the industry\u2019s first Hybrid Double Electric Workover Rig<\/i> and reflects the Company\u2019s ongoing conversion and electrification of its conventional rig fleet.<\/p>\n

\n\u201cWe are pleased to collaborate with Chevron as Ranger continues to advance the modernization of the well services sector,\u201d said Stuart Bodden, Chief Executive Officer of Ranger. \u201cFollowing the delivery of Ranger\u2019s first two ECHO rigs in 2025, customer interest in Ranger\u2019s differentiated technology has continued to increase. This agreement with Chevron further supports the advancement of the ECHO platform. The contract is also aligned with Ranger\u2019s \u2018Lead the Way\u2019 culture and our continued commitment to innovation, efficiency, and safety.\u201d<\/p>\n

\nThe three additional ECHO workover rigs contemplated under the contract are expected to be delivered to Chevron in 2027. The rigs will be equipped with winterization packages and are expected to operate in the Bakken. Ranger Energy Services remains focused on practical innovations that provide measurable operational value to its customers. With these additions, Ranger\u2019s active ECHO rig fleet is expected to reach twenty rigs by the end of 2027.<\/p>\n

About Ranger Energy Services<\/b><\/p>\n

\nRanger Energy Services, Inc. (NYSE: RNGR) is the largest provider of high-specification well service rigs to the U.S. onshore oil and gas industry. Ranger is committed to providing safe, reliable, and innovative services that enhance customer productivity while supporting environmental responsibility.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260713838331\/en\/<\/a><\/span><\/p>\n

\nMelissa Cougle
\n
Executive Vice President and Chief Financial Officer
\n
(713) 935-8900<\/p>\n

KEYWORDS:<\/b> Texas United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Energy Other Energy Oil\/Gas<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Ranger Energy Services Announces Contract with Chevron to Build Three Additional ECHO Hybrid Rigs HOUSTON–(BUSINESS WIRE)– Ranger Energy Services, Inc. (NYSE: RNGR) (\u201cRanger\u201d or the \u201cCompany\u201d) today announced that it has entered into a contract with Hess Corporation, a wholly owned subsidiary of Chevron Corporation (NYSE: CVX) to deploy three additional ECHO hybrid workover rigs in the Lower 48 United States. Introduced in 2025, Ranger\u2019s ECHO workover rig is the industry\u2019s first Hybrid Double Electric Workover Rig and reflects the Company\u2019s ongoing conversion and electrification of its conventional rig fleet. \u201cWe are pleased to collaborate with Chevron as Ranger continues to advance the modernization of the well services sector,\u201d said Stuart Bodden, Chief Executive Officer of Ranger. \u201cFollowing the delivery … <\/p>\n

Continue reading “Ranger Energy Services Announces Contract with Chevron to Build Three Additional ECHO Hybrid Rigs”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-981273","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRanger Energy Services Announces Contract with Chevron to Build Three Additional ECHO Hybrid Rigs - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ranger-energy-services-announces-contract-with-chevron-to-build-three-additional-echo-hybrid-rigs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ranger Energy Services Announces Contract with Chevron to Build Three Additional ECHO Hybrid Rigs - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ranger Energy Services Announces Contract with Chevron to Build Three Additional ECHO Hybrid Rigs HOUSTON–(BUSINESS WIRE)– Ranger Energy Services, Inc. (NYSE: RNGR) (\u201cRanger\u201d or the \u201cCompany\u201d) today announced that it has entered into a contract with Hess Corporation, a wholly owned subsidiary of Chevron Corporation (NYSE: CVX) to deploy three additional ECHO hybrid workover rigs in the Lower 48 United States. Introduced in 2025, Ranger\u2019s ECHO workover rig is the industry\u2019s first Hybrid Double Electric Workover Rig and reflects the Company\u2019s ongoing conversion and electrification of its conventional rig fleet. \u201cWe are pleased to collaborate with Chevron as Ranger continues to advance the modernization of the well services sector,\u201d said Stuart Bodden, Chief Executive Officer of Ranger. \u201cFollowing the delivery … Continue reading "Ranger Energy Services Announces Contract with Chevron to Build Three Additional ECHO Hybrid Rigs"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ranger-energy-services-announces-contract-with-chevron-to-build-three-additional-echo-hybrid-rigs\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-14T11:34:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20260713838331r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ranger-energy-services-announces-contract-with-chevron-to-build-three-additional-echo-hybrid-rigs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ranger-energy-services-announces-contract-with-chevron-to-build-three-additional-echo-hybrid-rigs\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Ranger Energy Services Announces Contract with Chevron to Build Three Additional ECHO Hybrid Rigs\",\"datePublished\":\"2026-07-14T11:34:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ranger-energy-services-announces-contract-with-chevron-to-build-three-additional-echo-hybrid-rigs\\\/\"},\"wordCount\":342,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ranger-energy-services-announces-contract-with-chevron-to-build-three-additional-echo-hybrid-rigs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20260713838331r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ranger-energy-services-announces-contract-with-chevron-to-build-three-additional-echo-hybrid-rigs\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ranger-energy-services-announces-contract-with-chevron-to-build-three-additional-echo-hybrid-rigs\\\/\",\"name\":\"Ranger Energy Services Announces Contract with Chevron to Build Three Additional ECHO Hybrid Rigs - 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