Axis Energy Services Awarded Multi-Year EPIC Rig™ Agreement with a Leading Oil & Gas Operator

During the first half of Q1 2026, Axis Energy Services signed a multi-year well servicing agreement with a leading oil & gas operator.  This well servicing agreement marks the deployment of 15 electric-powered EPIC Rig™ units across the customer’s well servicing operations enhancing cost efficiency, safety, and execution consistency.

The EPIC Rigs will integrate Axis’ proprietary technology for remote rig up, stepless speed and torque control, automated braking and block positioning improving connection times and delivering repeatable, consistent performance.

“We’re grateful for the continued opportunity to support customers with our EPIC Rig™ technology,” said Ryan Phillips, CEO of Axis Energy Services. “Axis is proud to deliver a workover solution designed to meet the expectations we share with all of our customers. This multi-year agreement reflects the strength of our technology and our focus on disciplined execution and field performance. We appreciate our customers’ trust and look forward to the continued delivery of safe, reliable results.”

Each rig will feature Axis’ CORE® data platform for real-time visibility and analytics to optimize performance and maintenance across the customer’s portfolio. Integrated safety systems and motor braking enhance protection, while the electric design reduces maintenance and boosts uptime with flexible grid, natural gas, or diesel power options.

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About Axis Energy Services

Axis Energy Services, a pioneer of Electric Workover rigs, is an integrated well service company and the leading provider of plug and abandonment solutions in the U.S. land market.

With facilities and operations across all major oil and gas basins, Axis delivers a comprehensive suite of services spanning the full lifecycle of the well—from completions and interventions to plugging and abandonment (P&A). The company combines high-spec rig packages with some of the industry’s most experienced crews to execute complex operations with precision, efficiency, and consistency.

Founded in 2018, Axis set out to advance well service operations through technology-driven innovation. The company introduced the EPIC Rig™ (Electric-Powered Intervention & Completion Rig), a first-of-its-kind workover unit that integrates a VFD (variable frequency drive) drawworks with a built-in PLC (programmable logic controller).

This architecture enables precise, stepless control of motor speed and torque, delivering smoother hoisting and lowering operations than traditional gearbox-based systems while enhancing safety and operational performance. Axis further differentiates its offering through CORE®, its proprietary data acquisition and predictive analytics platform. CORE® provides operators with real-time visibility into critical operational data from any internet-enabled device, enabling informed decision-making and improved execution in the field. For more information, visit www.axisofs.com.