Ranger Energy Services Inks Contract With Hess To Deploy Three Additional ECHO Hybrid Workover Rigs In Lower 48 U.S.

Ranger Energy Services, Inc. (NYSE:RNGR) ("Ranger" or the "Company") today announced that it has entered into a contract with Hess Corporation, a wholly owned subsidiary of Chevron Corporation (NYSE:CVX) to deploy three additional ECHO hybrid workover rigs in the Lower 48 United States. Introduced in 2025, Ranger’s ECHO workover rig is the industry’s first Hybrid Double Electric Workover Rig and reflects the Company’s ongoing conversion and electrification of its conventional rig fleet.