Company Highlights

October 3, 2014

STEP Continues to Expand Fleet in Q3

Calgary, AB (October 3, 2014) – STEP Energy Services’ newly commissioned ultra-capacity spread 33C13, made its way to Bentley, Alberta at the beginning of September to perform an abrasive cut job for a major producer.  After the inaugural job was complete, the team of field professionals continued north to Grande Prairie, and have experienced strong utilization ever since.

“Overall, our first jobs went extremely well with only a few minor challenges, which the crew worked together to overcome,” said Will Sweeney, site manager. “With our maintenance professionals on hand to address any issues we hadn’t encountered during commissioning on the test well, we were able to deliver the level of service STEP is known for.  I’m excited to see my team continue to contribute to STEP’s success.”

Not long after, 33C05, STEP’s newest masted coiled tubing unit, headed to the Pink Mountain area on its maiden voyage. The unit successfully milled 27 plugs on the client’s three well pad and is now headed to northern British Columbia for additional work.

With the addition of 33C05 and 33C13, plus two more ultra-capacity spreads on the way, the Company’s coiled tubing fleet will total 14 units by the end of the year.  STEP’s fluid pumping capacity grew in the third quarter as well.  By the end of September, STEP had a total of 17 operational fluid pumps with an 18th unit ready for commissioning and available for work in Q4.

“STEP has seen rapid growth and success in 2014, going from eight to 14 coiled tubing units, and 12 to 18 fluid pumps in 12 months,” says vice president sales and marketing, Marc Johnson. “We will continue to expand our fleet based on client demand and our solutions will evolve as market needs arise.”