Ranger Energy Services, Inc. Appoints Byron A. Dunn to the Board and Special Committee
March 26, 2020 at 05:04 pm EDT
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On March 25, 2020, the board of directors of Ranger Energy Services, Inc. expanded the size of the Board from nine directors to ten directors, and appointed Byron A. Dunn to the Board to fill the newly created vacancy. The Board also appointed Mr. Dunn to the special committee formed to consider the non-binding offer from CSL Capital Management, L.P. (“CSL”) and Bayou Well Holdings Company, LLC (“Bayou”), proposing to acquire all of the outstanding shares of common stock of the Company not owned by CSL, Bayou and T.Rowe Price Associates, Inc. Mr. Dunn will serve until the Company’s 2020 annual meeting of stockholders and until his successor is elected and qualified or until his earlier death, resignation or removal. Mr. Dunn was a founder of Independence Contract Drilling, Inc. (“Independence”) in 2011 and served as Director, President and Chief Executive Officer of Independence until October 2018, upon his retirement. From 2007 to 2010, Mr. Dunn served as Director, President and Chief Executive Officer of Global Energy Services, whose Drilling Group formed the rig manufacturing division of Independence.
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.
RANGER ENERGY SERVICES, INC. 
