Ranger Energy Secures Contracts for First Hybrid Electric Workover Rigs

Reuters

2025/07/29

Ranger Energy Secures Contracts for First Hybrid Electric Workover Rigs

Ranger Energy Services Inc. has announced a significant development with the launch of the industry's first Hybrid Double Electric Workover Rig, known as the ECHO rig. This innovative project highlights Ranger's commitment to enhancing operating efficiency, safety, and reducing emissions. The company has successfully contracted both ECHO rigs with major U.S. operators, which include provisions for a return on capital investment and options for additional rigs, indicating strong market demand. The rigs, expected to be delivered by the third quarter of 2025, are designed to operate with zero emissions when connected to well site power and feature advanced technologies like regenerative braking, real-time diagnostics, and AI support for enhanced performance and safety.

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 Business Wire (Ref. ID: 20250728753224) on July 28, 2025, and is solely responsible for the information contained therein.

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ID: 20250728753224) on July 28, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RNGR","symbol_name":"Ranger Energy Services Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250728:nNDL2l0L4g:1","article_id":"2555701229","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2555701229","pubTimestamp":1753736713,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Ranger Energy Services Inc. has announced a significant development with the launch of the industry's first Hybrid Double Electric Workover Rig, known as the ECHO rig. 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