Ranger Oil Corporation is engaged in the exploration, development, and production of oil and natural gas in the United States.
Ranger Oil Corporation, an independent player in the oil and gas industry, specializes in the exploration, development, and production of crude oil, natural gas liquids, and natural gas across the United States. The company focuses on drilling unconventional horizontal development wells and actively manages producing wells situated in the prolific Eagle Ford Shale field located in South Texas. As of December 31, 2021, Ranger Oil Corporation boasts substantial assets, including approximately 241 million barrels of oil equivalent in total proved reserves and a robust portfolio of 860 gross productive wells. Additionally, the company holds leasehold and royalty interests covering approximately 172,000 gross acres.
Formerly known as Penn Virginia Corporation, Ranger Oil Corporation underwent a strategic rebranding in October 2021 to better reflect its operational focus and commitment within the energy sector. Established in 1882, the company has deep-rooted experience and expertise in the oil and gas industry, contributing to its strong position in the market today. Headquartered in Houston, Texas, Ranger Oil Corporation continues to leverage its extensive knowledge and operational capabilities to drive sustainable growth and maximize the value of its assets.
With a rich history spanning over a century, Ranger Oil Corporation remains dedicated to advancing its exploration and production activities while adhering to high standards of environmental stewardship and operational efficiency. The company's strategic initiatives are aimed at optimizing resource recovery and enhancing shareholder value through prudent resource management and innovative technological solutions. As a prominent player in the U.S. energy landscape, Ranger Oil Corporation remains committed to delivering reliable and sustainable energy solutions to meet the evolving demands of the market.