Houston-based Ranger Energy Services Inc. has agreed to swap stock for Patriot Completion Solutions LLC to expand its Lower 48 wireline business.

Ranger provides well service rigs and associated oilfield services (OFS) for domestic onshore producers with a focus on unconventional well completions and production operations. Patriot, a portfolio company of White Deer Energy, offers cased-hole wireline, pumpdown and coiled tubing services principally in the Bakken and Eagle Ford shales, Permian Basin and the Rockies.

Ranger would add 22 wireline units to its fleet with Patriot. No other financial details were disclosed.

“The addition of Patriot to our Ranger portfolio of companies checks a number of strategic boxes,” CEO Darron Anderson said. “Operators continue to drive...