STEP Energy Services : Exceeding Record Depths and Client Expectations

October 27, 2020 STEP Energy Services Exceeding Record Depths and Client Expectations

Calgary, AB - October 27, 2020 - STEP Energy Services Ltd. ('STEP') is proud to announce another record-breaking milestone for its U.S. operations in North Dakota. While performing a milling operation for a client in the Bakken, STEP professionals surpassed the previously achieved record depth of 23,404 feet (7,134 meters) set at the end of September. During this operation, the crew tagged a depth of 24,084 feet (7,341 meters), milled through 54 plugs and completed the well safely and quickly. In addition to this being a depth record for STEP U.S. operations, it is also a record depth for the valued client.

'We are dedicated to providing an exceptional client experience and this is a great example of our professionals doing just that. I'm proud of our team's ability to execute efficiently, collaborate and focus on delivering a safe operation. These are the ingredients it takes to make our clients happy, and break a record or two along the way,' said Brock Duhon, president of U.S operations.

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About STEP

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. Our Canadian services are focused in the Western Canadian Sedimentary Basin (WCSB), while in the U.S., our services are focused in the Permian and Eagle Ford in Texas and the Bakken in North Dakota.

TSX: STEP