ProPetro Holding Corp. ("ProPetro" or the “Company") (NYSE: PUMP) today announced that STEP Energy Services (USA) Ltd., a subsidiary of STEP Energy Services Ltd. (“STEP”) (TSX: STEP) has acquired ProPetro’s Coiled Tubing assets, which were used for services including frac plug mill-out, wellbore clean-out, tubing-conveyed perforating and nitrogen pumping. ProPetro elected to receive consideration in the form of cash and shares in STEP, reflecting ProPetro’s confidence in STEP’s ability to grow the business and create value.
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