ProPetro Announces Divestiture of Coiled Tubing Assets
This is a great transaction for ProPetro and all of our stakeholders, said Sam Sledge, Chief Executive Officer of ProPetro.
- 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.