Ranger Energy Services, Inc. (RNGR): Business Model Canvas

Key Partnerships

Ranger Energy Services, Inc. understands the importance of fostering strong partnerships to drive its business model forward. By collaborating with key players in the oil and gas industry, equipment suppliers, and compliance firms, Ranger Energy Services is able to provide high-quality services and solutions to its clients. Here are some of the key partnership categories:

• Ranger Energy Services works closely with oil and gas producers to provide a range of services such as well servicing, fluid management, and completion solutions. By understanding the specific needs of its clients, Ranger Energy Services is able to tailor its offerings to meet their requirements.

• To ensure that it has access to the latest equipment and technology, Ranger Energy Services partners with leading suppliers in the industry. This allows the company to offer cutting-edge solutions that are efficient and cost-effective.

• Given the importance of environmental and regulatory compliance in the oil and gas industry, Ranger Energy Services has established strategic alliances with firms that specialize in this area. By working together, Ranger Energy Services is able to ensure that its operations meet all necessary regulations and standards.

Key Activities

Ranger Energy Services, Inc. engages in a range of key activities that enable the company to provide high-quality services to its clients in the oil and gas industry. These activities include:

• Providing high-performance rigs and related services: Ranger Energy Services, Inc. offers a variety of rigs and related services to its clients, including well servicing, wireline, and coiled tubing services. These services are crucial in the extraction and production of oil and gas from wells.
• Operational maintenance and support for oilfield operations: The company provides operational maintenance and support services to ensure that oilfield operations run smoothly and efficiently. This includes services such as equipment maintenance, repair, and troubleshooting to minimize downtime and maximize productivity.
• Research and development in energy-efficient solutions: Ranger Energy Services, Inc. invests in research and development to create energy-efficient solutions for its clients. By developing innovative technologies and techniques, the company aims to reduce its carbon footprint and improve overall sustainability in the oil and gas industry.

By focusing on these key activities, Ranger Energy Services, Inc. strives to provide exceptional service to its clients while also driving innovation and sustainability in the oil and gas sector.

Key Resources

At Ranger Energy Services, Inc. (RNGR), our success is driven by our key resources that enable us to provide top-notch services to our clients in the oil and gas industry. These resources include:

• Advanced rig technology and equipment: RNGR invests in cutting-edge rig technology and equipment to ensure efficient and safe operations in the field. Our rigs are equipped with the latest features and capabilities to enhance productivity and reduce downtime.
• Skilled workforce: Our team of engineers and field technicians are highly skilled and experienced in oil extraction and rig operations. They undergo rigorous training to ensure they are up-to-date on the latest industry trends and technologies.
• Intellectual property: RNGR holds intellectual property rights in oil extraction and rig operation technologies that give us a competitive edge in the market. Our proprietary technologies help us deliver innovative solutions to our clients and stay ahead of the competition.

These key resources form the foundation of RNGR's business model, enabling us to meet the evolving needs of our clients and drive growth and profitability in the oil and gas industry.

Value Propositions

Ranger Energy Services, Inc. prides itself on providing high-quality rig services that are designed to maximize oil and gas extraction for our customers. Our efficiency-driven approach ensures that our clients are able to achieve optimal production levels while minimizing downtime and operational costs.

• High-efficiency rig services: Our advanced technologies and experienced workforce enable us to deliver efficient drilling and well servicing solutions that are tailored to meet the unique needs of each project.
• Customizable solutions: We understand that every oil and gas operation is different, which is why we work closely with our customers to develop customized solutions that address their specific challenges and goals.
• Commitment to safety, reliability, and environmental sustainability: At Ranger Energy Services, safety is our top priority. We have stringent safety protocols in place to ensure the well-being of our employees and the protection of the environment. Our reliable services are backed by a track record of success and a commitment to sustainable practices that minimize our impact on the environment.

By choosing Ranger Energy Services, customers can trust that they are partnering with a company that is dedicated to delivering exceptional value through efficient, customizable, and sustainable rig services.

Customer Relationships

Ranger Energy Services, Inc. prides itself on building strong and lasting relationships with its customers. With a focus on dedicated support teams and technical expertise, the company ensures that clients receive the assistance they need to meet their operational goals.

• Dedicated Support Teams: Ranger Energy Services, Inc. provides dedicated support teams for each client, offering continuous assistance and addressing any issues that may arise in a timely manner. This personalized approach ensures that clients feel valued and supported throughout their partnership with the company.
• Long-Term Contracts and Partnerships: By establishing long-term contracts and partnerships with clients, Ranger Energy Services, Inc. aims to build trust and reliability. This allows for a sustainable and mutually beneficial relationship, where clients can rely on the company for consistent service provision.
• Technical Support and Consulting: Ranger Energy Services, Inc. offers technical support and consulting services to help clients optimize their operations and improve efficiency. With a team of experts in the field, the company is able to provide valuable insights and solutions to help clients achieve their operational objectives.

Channels

Ranger Energy Services, Inc. utilizes multiple channels to reach and engage with its target customers. These channels are carefully selected to ensure maximum reach and effectiveness in the market. Some of the key channels utilized by RNGR include:

• Direct sales teams: Ranger Energy Services, Inc. has a dedicated team of sales professionals who are responsible for building relationships with potential clients, understanding their needs, and offering customized solutions. These sales teams are well-trained and equipped with the necessary tools and resources to effectively communicate the value proposition of RNGR's services to potential customers.
• Company website and digital marketing platforms: Ranger Energy Services, Inc. maintains a robust online presence through its company website and various digital marketing platforms. The website serves as a central hub for information about RNGR's services, solutions, and industry expertise. Digital marketing platforms such as social media, email marketing, and online advertising are used to reach a wider audience and engage with potential customers.
• Industry trade shows and networking events: RNGR actively participates in industry trade shows and networking events to connect with key stakeholders and decision-makers in the oil and gas industry. These events provide an opportunity for RNGR to showcase its capabilities, establish thought leadership, and build relationships with potential clients. By participating in these events, RNGR is able to stay informed about industry trends and developments, and stay ahead of the competition.

Customer Segments

Ranger Energy Services, Inc. (RNGR) serves a diverse range of customer segments within the oil and gas industry. These include:

• Large oil and gas extraction companies: RNGR provides a wide range of services to large oil and gas companies, including well stimulation, wireline, and coiled tubing services. These companies often turn to RNGR for their expertise and state-of-the-art equipment.
• Mid to small scale independent operators: RNGR also caters to mid to small scale independent operators who may not have the resources or capacity to carry out certain oilfield services in-house. These operators rely on RNGR to provide cost-effective and efficient solutions.
• Government and regulatory bodies requiring compliance and monitoring: RNGR also works closely with government and regulatory bodies that require compliance and monitoring services in the oil and gas industry. RNGR's expertise and technology help ensure that operations are carried out in accordance with regulations.

Cost Structure

Ranger Energy Services, Inc. (RNGR) incurs several key costs in order to operate and grow its business efficiently. These costs include:

• Investment in high-tech drilling and extraction equipment: RNGR invests heavily in state-of-the-art drilling and extraction equipment to ensure that its operations are efficient and effective. This includes the purchase of rigs, trucks, tools, and other machinery necessary for oil and gas extraction.
• Labor costs including training and salaries of skilled workers: Another significant cost for RNGR is its labor costs. The company employs skilled workers such as drillers, technicians, engineers, and project managers. RNGR invests in training programs to ensure that its workforce is highly skilled and can operate the latest equipment and technology.
• Research and development expenses: RNGR also incurs costs related to research and development. The company invests in developing new technologies and processes to improve the efficiency and safety of its operations. This includes testing new drilling techniques, researching alternative energy sources, and exploring ways to minimize environmental impact.

Revenue Streams

Ranger Energy Services generates revenue through various streams that support its operations and growth in the oilfield services industry.

• One of the primary revenue sources for Ranger Energy Services is through providing rig services to companies in the oil and gas industry. These services include drilling, well completions, well servicing, and workover operations. The company charges fees for these services, which are based on the scope and complexity of the work involved.
• Ranger Energy Services also generates revenue through oilfield management services, where the company oversees and coordinates various aspects of oilfield operations on behalf of its clients. This includes managing drilling and completion activities, as well as providing logistical and operational support to optimize efficiency and productivity.

• Ranger Energy Services enters into long-term contracts with oil and gas companies for providing drilling and extraction services over an extended period. These contracts typically involve a commitment to provide services for a specific number of wells or for a set duration, ensuring a steady stream of revenue for the company.
• By securing long-term contracts, Ranger Energy Services can plan its operations effectively, allocate resources efficiently, and maintain a consistent revenue stream that contributes to the company's financial stability and growth.

• Ranger Energy Services offers proprietary technologies and consulting services to its clients in the oil and gas industry, generating revenue through the sale of these innovative solutions. These technologies include tools, equipment, software, and systems that enhance operational efficiency, safety, and cost-effectiveness in oilfield operations.
• The company also provides consulting services to help clients optimize their drilling and production processes, improve performance, and achieve better results in their operations. By offering these value-added services, Ranger Energy Services diversifies its revenue streams and builds relationships with clients based on trust, expertise, and collaboration.