STEP Energy Services Breakout Notes
Regan Davis, president and CEO of STEP Energy Services, (ticker: STEP) presented today at EnerCom’s The Oil & Gas Conference® 22.
STEP is an oil and gas service company based in Calgary, Alberta. Its initial business focus was in coiled tubing, but expanded to provide a diverse set of oilfield services.
During the company’s breakout session, management was asked the following questions:
- What are the companies looking like now, 12 months from now, and 12 months into the future?
- What kind of shift hours are on the frac jobs?
- How much frac horsepower is sitting idle on a pad versus how much is being used?
- How much of sand goes into wells that are vertical vs horizontal?
- Is leakage of about 30% correct?
- How do go from 12-24 hour shifts?
- What do you think Canadian business looks like in three to five years?
- Rule of thumb on frac intensity for Canada versus US?
- What % of sand is coming from Wisconsin and Illinois?
- What is the mesh size of the frac sand?
- Do you desire to frac in the US?
- Could you walk through what made you want to use coil tubing in the US?
- If frac pricing stays flat, how much could your designs improve based on efficiencies?
- What is the reason for the increase in horsepower needed for Canadian frac jobs?
- Are Canadian reservoirs as harsh on equipment compared to the Bakken?
- Can you talk about depreciation rates?
- How difficult is it to find labor for the new frac jobs?
STEP presented at EnerCom’s 2017 The Oil & Gas Conference®.
You can listen to the company’s presentation by clicking here.
