ARC Financial portfolio firm STEP Energy Services is set to acquire offshore fracking solutions company Tucker Energy Energy , in a cash deal worth $ 275 million . The purchase features assets in the offshore plays in Oklahoma , including hydraulic turbine spreads of 192,500 horsepower . In addition , STEP has acquired $ 330 m of a revolving syndicated credit facility , as well as several smaller operating companies .
ARC Financial portfolio firm STEP Energy Services is set to acquire Oklahoma fracking solutions company Tucker Energy Services, in a cash deal worth $275m. The purchase features assets in the Woodford plays in Oklahoma, including four fracturing spreads of 192,500 horsepower. In addition, STEP has secured $330m of a revolving syndicated credit facility, as well as several smaller operating facilities.