Ranger Energy to deploy three more ECHO hybrid rigs for Chevron

Ranger Energy Services (NYSE: RNGR) 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, according to a company statement.

The three rigs are expected to be delivered in 2027 and will be equipped with winterization packages for operation in the Bakken region. With the addition of these rigs, Ranger's active ECHO fleet is expected to reach 20 rigs by the end of 2027.

Ranger introduced its ECHO workover rig in 2025, describing it as the industry's first hybrid double electric workover rig. The company delivered its first two ECHO rigs in 2025.

"We are pleased to collaborate with Chevron as Ranger continues to advance the modernization of the well services sector," said Stuart Bodden, Chief Executive Officer of Ranger. "This agreement with Chevron further supports the advancement of the ECHO platform."

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