Ranger Energy Services Inc. Hires Stuard Bodden as Chief Executive Officer
September 02, 2021
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Ranger Energy Services Inc. announced that Stuard Bodden took on the roles of CEO on September 1. He succeeds Darron Anderson, who retired from his post on June 11. Bill Austin, Ranger's chairman, served as interim CEO until Anderson's replacement was found. This isn't the first time Stodden has succeeded Anderson. Anderson was the CEO of Express Energy Services for 10 years before resigning in 2015. The following year, Stodden was appointed Express Energy's CEO and led the company until this past March. Before joining Express Energy Services, Stodden was the CEO and founder of Innovative Deepwater Exploration Ltd. and Stuart Bodden Consulting. He also served as the president of upstream at Pacific Oil & Gas in Southeast Asia from 2010 to 2012 and served as a partner at McKinsey & Co. from 1998 to 2009. In April 2020, Stodden joined the board of Bridger Photonics Inc.
Ranger Energy Services, Inc. is a provider of onshore high specification well service rigs, wireline services, and additional processing solutions and ancillary services in the United States. The Company operates in three segments: High Specification Rigs, Wireline Services, and Processing Solutions and Ancillary Services. The High Specification Rigs provides high specification well service rigs and complementary equipment and services to facilitate operations throughout the lifecycle of a well. The Wireline Services. provides services necessary to bring and maintain a well on production and consists of its wireline completion, wireline production and pump down lines of business. The processing Solutions and Ancillary Services provides other services often utilized in conjunction with its High Specification Rigs and Wireline Services segments. These services include equipment rentals, plug and abandonment, logistics, snubbing and coil tubing, and processing solutions.