STEP Energy Services

TSX · Coiled tubing and pumping · 2 desk pieces in archive

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Desk archive

Natural Gas

Shell Closed ARC on September 2. The Letter of Transmittal Is the Next Step

ARC said September 2 Shell completed the arrangement at about CAD 22 billion including net debt. Each share gets 0.40247 Shell shares and $8.20 cash. Shell cited about 370 kboe per day. TSX delisting is two trading days after close. Shell share delivery may take several days.

Sep 3, 2026

Markets

STEP Sold Its U.S. Coiled Tubing to Ranger for $27.5 Million. Canada Keeps the Rest

On August 31 Ranger said it agreed to buy STEP's U.S. coiled tubing assets for about $27.5 million, $22.5 million cash and $5 million of Ranger stock. The deal covers 13 spreads and about 220 people. Close is expected about September 11. STEP keeps Canadian fracturing and coiled tubing.

Sep 1, 2026

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