RNGR - Mergers and acquisitions

Ranger Energy Services, Inc. (NYSE:RNGR) ("Ranger" or the "Company") continues the expansion of its wireline services business with the announcement of the acquisition of PerfX Wireline Services ("PerfX"). Ranger is pleased to announce the acquisition of PerfX, its second wireline acquisition in the last several weeks. The first, the previously announced acquisition of Patriot Completion Services ("Patriot"), closed on May 14th while the PerfX acquisition closed yesterday, July 8th. The combination of Patriot and PerfX significantly increases the scale and scope of our existing Mallard wireline business. We are extending our range of services beyond our current completion-oriented work to

Ranger Energy Services, Inc. (NYSE:RNGR) ("Ranger" or the "Company") announced today the acquisition of Patriot Completion Solutions LLC (d/b/a Patriot Well Soluitions) ("Patriot") in an all-stock transaction. The acquisition of Patriot further expands Ranger's high quality wireline business while maintaining our considerable balance sheet strength. Patriot's market leading reputation for wireline evaluation and intervention services, combined with its strong market presence in the Permian, Bakken, DJ, and Powder River Basins, and debt free balance sheet, created a highly attractive opportunity for Ranger. Darron Anderson, CEO of Ranger Energy Services stated, "The addition of Patriot to o