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RNGR (Ranger Energy Services) Construction In Progress : $17.0 Mil (As of Sep. 2024)


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What is Ranger Energy Services Construction In Progress?

Ranger Energy Services's quarterly construction in progress increased from Mar. 2024 ($11.6 Mil) to Jun. 2024 ($20.5 Mil) but then declined from Jun. 2024 ($20.5 Mil) to Sep. 2024 ($17.0 Mil).

Ranger Energy Services's annual construction in progress increased from Dec. 2021 ($2.9 Mil) to Dec. 2022 ($3.3 Mil) and increased from Dec. 2022 ($3.3 Mil) to Dec. 2023 ($21.6 Mil).

Ranger Energy Services Construction In Progress Historical Data

The historical data trend for Ranger Energy Services's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ranger Energy Services Construction In Progress Chart

Ranger Energy Services Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
Get a 7-Day Free Trial Premium Member Only 6.30 1.80 2.90 3.30 21.60

Ranger Energy Services Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.40 21.60 11.60 20.50 17.00

Ranger Energy Services Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Ranger Energy Services Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ranger Energy Services Inc (NYSE:RNGR) » Definitions » Construction In Progress
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Traded in Other Exchanges
97L:Germany
Address
10350 Richmond, Suite 550, Houston, TX, USA, 77042
Website
https://www.rangerenergy.com
Ranger Energy Services Inc is a provider of onshore high specification (high-spec) well service rigs, wireline services, and additional processing solutions and ancillary services in the United States. It offers a range of well site services to U.S. exploration and production (E&P) companies that are fundamental to establishing and enhancing the flow of oil and natural gas throughout the productive life of a well. The segments of the group are High Specification Rigs, Wireline Services and Processing Solutions and Ancillary Services, of which key revenue is derived from High Specification Rigs segment.
Executives
Brett T. Agee director 10350 RICHMOND AVENUE, SUITE 550, HOUSTON TX 77042
Michael C Kearney director 3300 NORTH SAM HOUSTON PKWY EAST, HOUSTON TX 77032-3411
Krishna Shivram director C/O WEATHERFORD INTERNATIONAL PLC, 2000 ST JAMES PLACE, HOUSTON TX 77056
J. Matt Hooker officer: Chief Operating Officer 800 GESSNER STREET, SUITE 1000, HOUSTON TX 77024
Melissa Cougle officer: Chief Financial Officer 777 POST OAK BLVD., 7TH FLOOR, HOUSTON TX 77056
Stuart Bodden director, officer: Chief Executive Officer 10350 RICHMOND AVENUE, SUITE 550, HOUSTON TX 77042
Charles S. Leykum director, 10 percent owner 1000 LOUISIANA STREET, SUITE 3850, HOUSTON TX 77002
Byron A Dunn director C/O HARVEST NATURAL RESOURCES, INC., 1177 ENCLAVE PARKWAY, SUITE 300, HOUSTON TX 77077
William M Austin director C/O KEY ENERGY SERVICES, INC., 1301 MCKINNEY STREET, SUITE 1800, HOUSTON TX 77010
John Fichthorn 10 percent owner C/O DIALECTIC CAPITAL MANAGEMENT, LLC, 17 STATE STREET, SUITE 3930, NEW YORK NY 10004
Dialectic Geronimo Manager Llc 10 percent owner 119 ROWAYTON AVENUE, NORWALK CT 06853
Dialectic Partners, Llc 10 percent owner 2ND FLOOR 119 ROWAYTON AVE, NORWALK CT 06853
Dialectic Geronimo Spv Llc 10 percent owner 119 ROWAYTON AVENUE, 2ND FLOOR, NORWALK CT 06853
Dialectic Capital Management, Lp 10 percent owner 119 ROWAYTON AVENUE, 2ND FLOOR, NORWALK CT 06853
Ben A Guill 10 percent owner 600 TRAVIS, SUITE 6000, HOUSTON TX 77002