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.  The agreement deploys 15 electric-powered EPIC Rig™ units across the customer’s operations.

Electric Design Improves Efficiency and Safety

These rigs will improve cost efficiency, enhance safety, and deliver consistent execution in the field.

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.”

CORE® Data Platform Enhances Visibility

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 is a pioneer in electric workover rigs. The company operates as an integrated well service provider and leads the U.S. land market in plug and abandonment solutions.

Axis maintains facilities and operations across all major oil and gas basins. The company delivers a full suite of services across the well lifecycle. These services include completions, interventions, and plugging and abandonment (P&A). Axis pairs high-spec rig packages with experienced crews. This approach ensures precise, efficient, and consistent execution in complex operations.

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

This design enables precise, stepless control of motor speed and torque. It delivers smoother hoisting and lowering than traditional gearbox systems. It also improves safety and overall performance.

Axis strengthens its offering with CORE®, its proprietary data platform. CORE® provides real-time access to critical operational data. Operators can monitor performance from any internet-enabled device. This visibility supports faster decisions and better execution in the field.