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Permian Basin Oil and Gas Magazine

PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.

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Ranger Energy acquires assets of Basic Energy in Texas, New Mexico

September 30, 2021 by PBOG

Houston-based Ranger Energy Services said Sept. 16 its subsidiary Ranger Energy Acquisition was the successful bidder to acquire certain assets of Basic Energy Services in bankruptcy auction for $36.65 million cash.  Basic Energy owns properties and assets in Texas, New Mexico and Oklahoma.  Ranger is an independent provider of well service rigs and associated services with a focus on unconventional horizontal well completion and production operations.

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