• TSX
  • STEP
  • Expand
    Market Cap
    52 Wk High
    52 Wk Low
    More Stock Info
  • LinkedIn
  • Facebook
  • Instagram
  • YouTube
About STEP

Company Highlights

April 8, 2015

STEP Energy Services Confirms Purchase of GASFRAC Assets and Related Technology

Calgary, AB (April 8, 2015) – STEP Energy Services Ltd. (“STEP” or “the Corporation”) is pleased to announce that the Corporation has acquired fracturing and related assets, and intellectual property of GASFRAC Energy Services Inc. (“GASFRAC”). The acquisition will add 115,000 pressure pumping horsepower to STEP’s current service lines. STEP plans to commence conventional fracturing operations in Canada later in 2015.

“This acquisition is timely and opportunistic. It’s logical for STEP to extend its strong service platform into conventional fracturing. We believe our clients will find this service a natural complement to our coiled tubing and pumping services offering,” says Regan Davis, president and chief executive officer.

In addition to the fracturing equipment and the related technology, STEP acquired operating bases in Edson and Red Deer, Alberta, and Floresville, Texas.

Return to Company Highlights Listing

Head Office

Bow Valley Square II
1200, 205 - 5th Ave SW
Calgary, AB T2P 2V7