Company Highlights

February 21, 2017

STEP Energy Services Reaches New Canadian Coiled Tubing Depth Record

Calgary, AB (February 21, 2017) – STEP Energy Services Ltd. (“STEP”) is pleased to share the successful completion of another record breaking coiled tubing project on a four well pad in the Duvernay.  On the evening of February 16 after milling 43 plugs at pressures over 60MPa, the professionals on rig C08 tagged in at 7,115m (23,343 ft) with 2-3/8" (60.3 mm) CT, breaking the Company’s previous Canadian record set in July 2016 of 7,091m (23,264 ft)) with 2-3/8" (60.3 mm). This does not beat the Company’s overall depth record of 7,150m (23,458 ft) achieved in September 2016 for a client in south Texas.

Todd Rainville, vice president of sales and marketing says, “This is another great accomplishment for STEP; from the planning of the wellbore with the client to our engineering team designing a custom string for the job, and our field professionals executing the high pressure work safely in the field, we successfully delivered the Exceptional Client Experience.”