Ranger Energy to Build Three ECHO Rigs for Chevron


   
   HOUSTON, TX (DTN) -- Ranger Energy Services announced Tuesday (7/14) it has 
signed a contract with Hess Corporation, a Chevron subsidiary, to deploy three 
additional ECHO hybrid rigs workover in the Lower 48 United States.

   Ranger's ECHO workover rig is the industry's first hybrid double electric 
workover rig aimed at the conversion and electrification of its conventional 
rig fleet, according to a company statement.

   The 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.

    With these additions, Ranger's active ECHO rig fleet is expected to reach 
twenty rigs by the end of 2027.




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