Houston, TX-based Ranger Energy Services LLC has acquired Bayou Workover Services LLC, a privately held oilfield services company providing workover, plug and abandonment, and fluid management services in the Rockies and Williston basin.
This acquisition follows the recent acquisition by Ranger's financial sponsor CSL Capital Management, LLC (CSL) of Magna Energy Services LLC. The combination of the two acquisitions with Ranger expands Ranger's geographic coverage as well as diversifies its service line offerings. Ranger will now be able to support its customer base with superior service quality across the most prolific liquids-rich basins in the U.S. with a fleet of 70 high-specification workover rigs.
Scott Milliren, Ranger's founder and CEO, will serve as Ranger's chairman. Brett Agee, formerly CEO of Bayou, will serve as Ranger's CEO and Dennis Douglas, previously CEO of Magna, will serve as Ranger's COO.