Daily Oil Bulletin (Wednesday, June 22, 2011) - STEP Energy Services has expanded its capital program and has committed to the deployment of six additional specialized coil tubing units and associated pumping and support equipment to service the ultra deep horizontal well market, which when constructed, will bring the company's fleet to 12 spreads. STEP’s first units are expected to be in service by the fourth quarter of 2011.
STEP Energy Services is founded by industry experts - Bailey Epp, President, Steve Glanville, Chief Operating Officer and Regan Davis, Chief Executive officer. STEP Energy Service’s capital partner is ARC Financial Corp.
STEP Energy Services is confident that the next step in the coil tubing industry is a client focused service provider with the specialized, technical expertise to address the deep horizontal well market not currently being serviced by the coil tubing industry.