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STEP Energy Services Ltd. Announces Mutual Termination of Arrangement Agreement

Dec 20, 2024

Contract Type

agreement

CalgaryManufacturingEnergyOil And GasRenewable Energy

Description

STEP Energy Services Ltd. has announced that it has mutually terminated an arrangement agreement with 2659160 Alberta Ltd. and the limited partnerships comprising ARC Energy Fund 8. The termination is without liability or cost to any party, and it was made after it became clear that the requisite minority shareholder approval could not be achieved.

Company Information

Company

STEP Energy Services

Location

Calgary, Alberta, Canada

About

STEP Energy Services is a leading provider of coiled tubing, fluid and nitrogen pumping services in the North American market. The company is known for its commitment to safety and operational excellence. STEP Energy has a wide range of proprietary equipment and a dedicated workforce, enhancing service delivery for its customers. They operate in various locations across the United States and Canada.

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STEP Energy Services signed a new agreement. Fundz surfaces partnerships and contracts as they are announced.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.