Coiled tubing

ProPetro Announces Divestiture of Coiled Tubing Assets

Retrieved on: 
Thursday, September 1, 2022
Energy, Other Energy, Oil, Gas, Permian, Security (finance), COVID-19, Technology, Safety, NYSE, LP, LLP, Coiled tubing, Disclosure, SEC, TSX, U.S. Securities and Exchange Commission, Bracewell LLP, Company, News, Eagle Ford, Dallas, Annual report, Public expenditure, Private Securities Litigation Reform Act, Growth, Industry, Risk management

This is a great transaction for ProPetro and all of our stakeholders, said Sam Sledge, Chief Executive Officer of ProPetro.

Key Points: 
  • This is a great transaction for ProPetro and all of our stakeholders, said Sam Sledge, Chief Executive Officer of ProPetro.
  • Our goal was to rationalize our portfolio while positioning the Coiled Tubing business assets and talented team for even greater success.
  • As part of STEP, the assets will have the appropriate scale to effectively compete and achieve their full potential.
  • STEP is an energy services company that provides coiled tubing, fluid and nitrogen pumping and hydraulic fracturing solutions.

Global Coiled Tubing (Value, Volume) Market Analysis & Forecast, 2016-2020 & 2021-2026: Services (Well Intervention, Drilling, Completion), Application (Onshore, Offshore) - ResearchAndMarkets.com

Retrieved on: 
Friday, August 13, 2021
Other Manufacturing, Manufacturing, Well, Natural gas, Porter's five forces analysis, Well intervention, Global, SWOT, CAGR, Completion, USD, COVID-19, Deepwater, NOC, Growth, CT, Coiled tubing, Industry, Oil

The Global Coiled Tubing Market was valued at USD 2985.67 Million in the year 2020.

Key Points: 
  • The Global Coiled Tubing Market was valued at USD 2985.67 Million in the year 2020.
  • Escalating demand for recoverable resources and augmented exploration, production, and completion activities are the key drivers that propel the growth in the coiled tubing services market.
  • The report presents the analysis of Coiled Tubing market for the historical period of 2016-2020 and the forecast period of 2021-2026.
  • The report provides a comprehensive analysis of the global Coiled Tubing market, segmented by Services (Well Intervention, Drilling, Completion) and Application (Onshore, Offshore).

STEP Energy Services Ltd. Extends and Amends Its Credit Facilities

Retrieved on: 
Tuesday, August 3, 2021
Oil wells, Petroleum production, Petroleum industry, Coiled tubing, Forward-looking statement, Wireline, Articles, Energy industry

CALGARY, Alberta, Aug. 03, 2021 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (STEP) is pleased to announce that it has entered into an agreement with its lenders to both extend and amend its credit facilities.

Key Points: 
  • CALGARY, Alberta, Aug. 03, 2021 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (STEP) is pleased to announce that it has entered into an agreement with its lenders to both extend and amend its credit facilities.
  • The maturity date of STEPs credit facilities has been extended by 13 months, from June 25, 2022 to July 30, 2023.
  • Certain statements contained in this Press Release constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws (collectively, forward-looking statements).
  • STEP is an oilfield service company that provides stand-alone and fully integrated fracturing, coiled tubing and wireline solutions.

STEP Energy Services Ltd. to Announce Second Quarter 2021 Results

Retrieved on: 
Tuesday, July 13, 2021
Oil wells, Petroleum production, Petroleum industry, Coiled tubing, Wireline, Energy industry

CALGARY, Alberta, July 13, 2021 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (STEP) intends to release its 2021 second quarter results on Wednesday August 11, 2021 after markets close.

Key Points: 
  • CALGARY, Alberta, July 13, 2021 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (STEP) intends to release its 2021 second quarter results on Wednesday August 11, 2021 after markets close.
  • Financial Statements and Management's Discussion and Analysis will be posted to STEPs website and SEDAR immediately after the press release is disseminated.
  • STEP is an oilfield service company that provides stand-alone and fully integrated fracturing, coiled tubing and wireline solutions.
  • Our combination of modern equipment along with our commitment to safety and quality execution has differentiated STEP in plays where wells are deeper, have longer laterals and higher pressures.

Key Energy Services Provides Financial and Operational Update

Retrieved on: 
Monday, June 14, 2021
Oil wells, Petroleum production, Coiled tubing, Industrial equipment, Tubing, Well intervention, KEGX, Key Energy Services, Engineering, Economic sectors

HOUSTON, June 14, 2021 (GLOBE NEWSWIRE) -- Key Energy Services, Inc. (Key or the Company)(OTC: KEGX) today provided the following operational and financial update.

Key Points: 
  • HOUSTON, June 14, 2021 (GLOBE NEWSWIRE) -- Key Energy Services, Inc. (Key or the Company)(OTC: KEGX) today provided the following operational and financial update.
  • Coiled Tubing Services segment revenues were flat at $2.9 million in the first quarter of 2021, versus $2.8 million in the 2020 fourth quarter.
  • Key undertakes no obligation to update or withdraw any forward-looking statement to reflect events or circumstances after the date of this press release, except as required by law.
  • Key Energy Services is a leading onshore, rig-based well servicing contractor and provides a complete range of well intervention services with operations in all major onshore oil and gas producing regions of the continental United States.

STEP Energy Services Ltd. Announces Annual General and Special Meeting Voting Results

Retrieved on: 
Friday, May 14, 2021
Oil wells, Petroleum production, Petroleum industry, Coiled tubing, Wireline, Fuels

b'STEP is an oilfield service company that provides stand-alone and fully integrated fracturing, coiled tubing and wireline solutions.

Key Points: 
  • b'STEP is an oilfield service company that provides stand-alone and fully integrated fracturing, coiled tubing and wireline solutions.
  • Our combination of modern equipment along with our commitment to safety and quality execution has differentiated STEP in plays where wells are deeper, have longer laterals and higher pressures.\nFounded in 2011 as a specialized deep capacity coiled tubing company, STEP now provides an integrated solution for deep capacity coiled tubing and fracturing services to exploration and production (\xe2\x80\x9cE&P\xe2\x80\x9d) companies in Canada and the United States (\xe2\x80\x9cU.S.\xe2\x80\x9d).
  • Our Canadian services are focused in the WCSB, while in the U.S., our services are focused in the Permian and Eagle Ford in Texas, the Uinta-Piceance and Niobrara-DJ basins in Colorado and the Bakken in North Dakota.\nOur four core values; Safety, Trust, Execution and Possibilities inspire our team of professionals to provide differentiated levels of service, with a goal of flawless execution and an unwavering focus on safety.\nFor more information please contact:\n'

STEP Energy Services Ltd. to Announce First Quarter 2021 Results

Retrieved on: 
Monday, April 26, 2021
Oil wells, Petroleum production, Coiled tubing, Industrial equipment, Tubing

b"CALGARY, Alberta, April 26, 2021 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (\xe2\x80\x9cSTEP\xe2\x80\x9d) intends to release its 2021 first quarter results on Wednesday May 12, 2021 after markets close.\nFinancial Statements and Management's Discussion and Analysis will be posted to STEP\xe2\x80\x99s website and SEDAR immediately after the press release is disseminated.\nSTEP is an oilfield service company that provides stand-alone and fully integrated fracturing, coiled tubing and wireline solutions.

Key Points: 
  • b"CALGARY, Alberta, April 26, 2021 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (\xe2\x80\x9cSTEP\xe2\x80\x9d) intends to release its 2021 first quarter results on Wednesday May 12, 2021 after markets close.\nFinancial Statements and Management's Discussion and Analysis will be posted to STEP\xe2\x80\x99s website and SEDAR immediately after the press release is disseminated.\nSTEP is an oilfield service company that provides stand-alone and fully integrated fracturing, coiled tubing and wireline solutions.
  • Our combination of modern equipment along with our commitment to safety and quality execution has differentiated STEP in plays where wells are deeper, have longer laterals and higher pressures.\nFounded in 2011 as a specialized deep capacity coiled tubing company, STEP now provides an integrated solution for deep capacity coiled tubing and fracturing services to exploration and production (\xe2\x80\x9cE&P\xe2\x80\x9d) companies in Canada and the United States (\xe2\x80\x9cU.S.\xe2\x80\x9d).
  • Our Canadian services are focused in the WCSB, while in the U.S., our services are focused in the Permian and Eagle Ford in Texas and the Bakken in North Dakota.\nOur four core values; Safety, Trust, Execution and Possibilities inspire our team of professionals to provide differentiated levels of service, with a goal of flawless execution and an unwavering focus on safety.\nFor more information please contact:\n"

Honghua Group Announces 2020 Annual Results, Electric Fracturing Segment Achieved Rapid Growth

Retrieved on: 
Tuesday, March 30, 2021
Oil wells, Petroleum production, Industrial equipment, Tubing, Coiled tubing, China Aerospace Science and Industry Corporation, Industry economics), Secondary sector of the economy, Economic taxonomy

Honghua sold 4 sets of electric fracturing pumps, and launched the first set of electric coiled tubing in China and electric automatic sand transportation and storage device.

Key Points: 
  • Honghua sold 4 sets of electric fracturing pumps, and launched the first set of electric coiled tubing in China and electric automatic sand transportation and storage device.
  • Adhering to the concept of the overall development of electric fracturing and taking 6000HP electric fracturing pump as core equipment, Honghua launched numerous complete sets of electric fracturing equipment in turn, including electric fluid supply skid, command control center, flexible tank, high-pressure manifold, electric coiled tubing, and automatic sand transportation and storage device.
  • In the stage of exploring cost-reducing, efficiency-enhancing, and eco-friendly development models, Honghua facilitated large-scale development of unconventional oil & gas with electric fracturing equipment.
  • Honghua Group Ltd (Stock Code: 0196.HK, "Honghua") is the main platform for energy equipment development of China Aerospace Science & Industry Corporation ("CASIC").

STEP Energy Services Ltd. to Announce Fourth Quarter and Year End 2020 Results

Retrieved on: 
Friday, February 19, 2021
Oil wells, Petroleum production, Petroleum industry, Wireline, Coiled tubing, System for Electronic Document Analysis and Retrieval, Technology, Science and technology, Calfrac Well Services

CALGARY, Alberta, Feb. 19, 2021 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (STEP) intends to release its 2020 fourth quarter and year end results on Wednesday March 17, 2021 after markets close.

Key Points: 
  • CALGARY, Alberta, Feb. 19, 2021 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (STEP) intends to release its 2020 fourth quarter and year end results on Wednesday March 17, 2021 after markets close.
  • Financial Statements and Management's Discussion and Analysis will be posted to STEPs website and SEDAR immediately after the press release is disseminated.
  • STEP is an oilfield service company that provides stand-alone and fully integrated fracturing, coiled tubing and wireline solutions.
  • Our Canadian services are focused in the WCSB, while in the U.S., our services are focused in the Permian and Eagle Ford in Texas and the Bakken in North Dakota.

STEP Energy Services and Universal Chemical Solutions Agree to Deliver Post-Production Stimulation Services

Retrieved on: 
Thursday, February 4, 2021
Petroleum production, Oil wells, Petroleum industry, Geology, Sedimentary rocks, Bakken Formation, Coiled tubing, Wireline, Petroleum reservoir

CALGARY, Alberta, Feb. 04, 2021 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (STEP) and Universal Chemical Solutions, Inc. (UCS) are pleased to announce they have entered into an agreement that will facilitate the delivery of post-production stimulation services to energy producers working in the Eagle Ford Shale, Permian Basin, Niobrara-DJ Basin and Bakken Formation.

Key Points: 
  • CALGARY, Alberta, Feb. 04, 2021 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (STEP) and Universal Chemical Solutions, Inc. (UCS) are pleased to announce they have entered into an agreement that will facilitate the delivery of post-production stimulation services to energy producers working in the Eagle Ford Shale, Permian Basin, Niobrara-DJ Basin and Bakken Formation.
  • STEP expects that producers will be able to increase recovery rates of their declining assets with a single pumping treatment into the hydrocarbon bearing reservoir.
  • In collaboration with interested energy producers, well candidates will be identified by STEP and UCS using reservoir modelling expertise.
  • STEP is an oilfield service company that provides stand-alone and fully integrated fracturing, coiled tubing and wireline solutions.