Ranger Energy Services
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:67,927.71 metric tonnes CO₂e (Scope 1 & 2)
Scope 1 Emissions:67,927.71 metric tonnes CO₂e
Scope 2 Emissions:1,503.50 metric tonnes CO₂e
ESG Focus Areas
- Climate Change
- Employee Health & Safety
- Labor Practices
- Business Ethics
- Critical Incident Risk Management
- Cybersecurity
- Governance
Environmental Achievements
- Consolidation of facilities and yards to reduce footprint from 50 to 25 properties
- Plugged and abandoned over 1,800 wells in 2023
- Rig Recycling Program recycling over 120 rigs (approx. 9 million pounds of materials)
- Adoption of paper and water recycling initiatives
- Reduction of spill volumes and frequency
- Rolled out first electric drive wireline unit in Q4 2023
Social Achievements
- 39% decline in Total Recordable Incident Rate (TRIR) over two years
- 36% decline in attrition rate over two years
- Installation of in-vehicle monitoring systems (IVMS) resulting in a 38% drop in coachable events
- Building of a standardized onboarding program
- Multiple 2023 safety recognitions
- 30% reduction in heat-related illness in 2023 compared to 2022
Governance Achievements
- Adoption of amended charter by Nominating and Governance Committee to include oversight of ESG and sustainability program
- Amendment of Audit Committee charter to include responsibilities for risk assessments and risk management
Climate Goals & Targets
Environmental Challenges
- Reducing overall emissions
- Improving energy and emissions management
Mitigation Strategies
- Leveraging enhanced technologies, improved processes, and strengthened operational efficiencies
- Using lower-emission energy sources and engines
- Conducting extensive site cleanups
- Exploring opportunities to develop environmental-related businesses
- Improving energy and emissions management (including through the adoption of enhanced technologies, improved downhole tools, reduced travel radii, implementation of walking systems to reduce trucking requirements, and switching to lower consumption light-emitting diode (LED) lighting)
Supply Chain Management
Climate-Related Risks & Opportunities
Opportunities
- Reducing environmental footprint through strategic property consolidation and divestment
- Using lower-emission energy sources and engines
- Developing environmental-related businesses
- Improving energy and emissions management
Reporting Standards
Frameworks Used: TCFD, Greenhouse Gas Protocol, SASB
Sustainable Products & Innovation
- eRIGS data package
Awards & Recognition
- 2022 Bronze Medal from EcoVadis