STEP Energy Services Ltd.
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About
Founded in 2011, STEP is a fully integrated energy services company, providing fit-for-purpose solutions to producers in North America. In Canada, STEP provides deep-capacity coiled tubing and hydraulic fracturing services in the Montney, Duvernay, Viking, and Deep Basin. In the U.S., STEP offers coiled tubing, fracturing and cased hole and open hole wireline services in the Permian Basin and Eagle Ford Shale Play in Texas, the Bakken Shale Play in North Dakota, the Haynesville Shale in Louisiana, the Midcontinent region, and Kansas.
Editor's note: Updated Jan. 16, 2020.
Transactions
ProPetro Sells Coiled Tubing Assets to STEP Energy Services
ProPetro Sells Coiled Tubing Assets to STEP Energy Services
Canada's STEP Enters US Fracking Market With Acquisition Of Tucker Energy Services
Canada's STEP Enters US Fracking Market With Acquisition Of Tucker Energy Services
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New Financings
Entered into an agreement to purchase on a bought deal basis an aggregate of 5.38 million subscription…
Priced its recently filed IPO, backed by ARC Financial Corp. Planned to sell common shares at C$14 to C$…
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News
Glanville Named CEO of STEP Energy Services
Regan Davis, co-founder and CEO, will remain in an advisory following his retirement on Sept. 30.
ProPetro Sells Coiled Tubing Assets to STEP Energy Services
ProPetro said in a release that it elected to receive consideration for the sale of its coiled tubing assets in the form of cash and shares in STEP Energy Services, reflecting ProPetro’s confidence in STEP’s ability to grow the business and create value.
STEP Energy, UCS to Deliver Post-Production Stimulation Services in Permian, Bakken, DJ Basin
STEP Energy Services Ltd. and Universal Chemical Solutions Inc. (UCS) have entered into an agreement on Feb. 4 that will facilitate the delivery of post-production stimulation services to energy producers working in the Eagle Ford Shale, Permian Basin, Niobrara-DJ Basin and Bakken Formation.
Oilfield Service Companies Cut Jobs, Brace for Bankruptcies
Eight oilfield service providers, with a total of $10.9 billion in debt, have filed for bankruptcy this year, including three since prices fell to $20 a barrel in early March.
STEP Energy Services Completes Inaugural Coiled Tubing Job In North Dakota
STEP Energy Services (STEP) performed its first coiled tubing job in North Dakota earlier this month for an independent oil producer in the area, the company said on Jan. 16.
STEP Energy Services Names US Operations President
STEP Energy Services Ltd. has appointed Brock Duhon as president of STEP’s U.S. Operations on Aug. 8.