Company Highlights

March 15, 2012

STEP Energy Services Provides Operational and Equipment Update

Calgary, AB (March 15, 2012) – Since pumping their first job on December 10, 2011, STEP Energy Services has performed over 200 pumping services jobs for 30 clients in the Western Canadian Sedimentary Basin.  During the three month period, STEP successfully executed 100% of the jobs on-time with zero equipment downtime and zero total recordable injury frequency (TRIF).  STEP Energy Services’ field professionals are focused on providing an exceptional client experience with every job performed in the field.

Steve Glanville, COO, says “customer response to our field professionals, equipment, safety and operational success has been truly gratifying – it reinforces that STEP is focused not only on the correct equipment requirements for our client’s technical operations, but that our client focused service experience is being recognized by the industry”, Glanville adds “several O&G executives have taken the time to personally contact us to commend our field professionals for their exceptional approach to service on location”.  

All of STEP Energy Services’ equipment has been designed and built in Calgary for specific operational requirements in the North American oil and gas marketplace.  STEP’s first Coiled Tubing Mast unit is scheduled to commence operations in Q2 2012.  The purpose-built mast units are being fabricated to service producer’s deep horizontal wellbores reaching over 4,000m.  STEP Energy Services’ complete fleet of twelve (12) coiled tubing spreads is targeted for full operations by the end of Q2 2013.

Bailey Epp, President, stated “In response to STEP’s initial operational success with our pumping units, clients have requested contracts to secure our first coiled tubing mast units.  This confirms that STEP is listening to the marketplace and delivering a service and operational experience that is new to the industry”.