Ranger Energy Services Acquires STEP Energy Services' Well Services Assets
Acquiring Company
Ranger Energy Services
Acquired Company
STEP Energy Services
Houston
CalgaryEnergyOil And GasManufacturingEnergyOil And GasRenewable EnergyDescription
On August 31, 2026, Ranger Energy Services, Inc. entered into an Asset Purchase Agreement with STEP Energy Services and its affiliates. The agreement involves the acquisition of assets related to STEP’s coiled tubing, fluid and nitrogen pumping, and well services business. This acquisition includes various operational assets and contractual rights associated with STEP's existing operations. The transaction aims to enhance Ranger's service offerings in the energy sector.
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M&A Insights
Based on deal dataFrequently asked
Who acquired STEP Energy Services?
STEP Energy Services was acquired by Ranger Energy Services, based in Houston. The deal was reported on August 31, 2026. Ranger is an independent provider of well service rigs, wireline and associated services in the United States, with a focus on unconventional horizontal well completion and production operations. Ranger Energy Services is publicly traded (RNGR) and operates in Energy.
When did Ranger Energy Services acquire STEP Energy Services?
Ranger Energy Services's acquisition of STEP Energy Services was reported on August 31, 2026. On August 31, 2026, Ranger Energy Services, Inc. entered into an Asset Purchase Agreement with STEP Energy Services and its affiliates. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does STEP Energy Services do?
STEP Energy Services is a leading provider of coiled tubing, fluid and nitrogen pumping services in the North American market. The company is known for its commitment to safety and operational excellence. It is privately held, operating in Manufacturing, and is based in Calgary.
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