Skip to main content
    Ad Space — 728×90 Leaderboard
    H
    Houston Oil Companies

    The Energy Capital Directory

    Ranger Oil Corporation

    Profile compiled and reviewed by the Houston Oil Companies Data Team from public filings and company sources.

    Share

    Upstream · Independent E&P

    Ranger Oil Corporation

    Ranger Oil was a Houston-based E&P company focused on the Eagle Ford Shale before its acquisition by Baytex Energy in 2023.

    Founded
    2020 (formerly Penn Virginia)
    Employees
    200+
    Revenue
    $1 billion (2022)
    HQ
    Houston, TX
    Eagle Ford ShaleSouth TexasOil ProductionCapital Efficiency

    Ranger Oil Corporation was an independent E&P company headquartered in Houston, Texas, focused on the development and production of oil and natural gas from the Eagle Ford Shale in South Texas. Formerly known as Penn Virginia Corporation, the company rebranded as Ranger Oil in 2021. Ranger Oil was acquired by Canadian company Baytex Energy in 2023.

    Headquarters

    Houston, TX

    Founded

    2020 (formerly Penn Virginia)

    Employees

    200+

    Revenue

    $1 billion (2022)

    History of Ranger Oil Corporation

    Ranger Oil traces its roots to Penn Virginia Corporation, a company with heritage dating back to 1882. Penn Virginia rebranded as Ranger Oil Corporation in 2021 to better reflect its pure-play Eagle Ford Shale focus. In 2023, Baytex Energy acquired Ranger Oil for approximately $2.5 billion, gaining a significant Eagle Ford position.

    Operations & Business Segments

    Ranger Oil operated approximately 140,000 net acres in the Eagle Ford Shale in South Texas, focused on the volatile oil and condensate windows. The company was known for strong operational execution and capital-efficient development.

    Headquarters Location

    Houston, TX

    Key Specialties & Capabilities

    Eagle Ford ShaleSouth TexasOil ProductionCapital EfficiencyHorizontal DrillingUnconventional Resources

    Frequently Asked Questions About Ranger Oil Corporation

    Does Ranger Oil Corporation still exist?▾
    Ranger Oil Corporation was acquired by Baytex Energy in 2023. Its Eagle Ford Shale assets are now part of Baytex Energy's US operations.
    What was Ranger Oil?▾
    Ranger Oil (formerly Penn Virginia) was a Houston-based E&P company focused on oil and gas production in the Eagle Ford Shale in South Texas.
    Where was Ranger Oil headquartered?▾
    Ranger Oil Corporation was headquartered in Houston, Texas.
    What does Ranger Oil Corporation do in Houston?▾
    Ranger Oil Corporation is a upstream company based in Houston, TX. Ranger Oil was a Houston-based E&P company focused on the Eagle Ford Shale before its acquisition by Baytex Energy in 2023.
    Where is Ranger Oil Corporation headquartered?▾
    Ranger Oil Corporation is headquartered in Houston, TX, founded in 2020 (formerly Penn Virginia). The company operates in Houston's energy corridor as part of the upstream sector.

    More Upstream Companies in Houston

    Amplify Energy

    Independent E&P · Houston, TX

    Callon Petroleum

    Independent E&P · Houston, TX

    Centennial Resource Development

    Permian Basin E&P · Houston, TX

    Comstock Resources

    Natural Gas E&P · Frisco, TX (Houston Operations)

    ConocoPhillips

    Independent E&P · Houston, TX

    Coterra Energy

    Independent E&P · Houston, TX

    View all Upstream companies →

    Similar Companies to Ranger Oil Corporation