Stage Completions Announces Record 142-Stage Completion in Permian Basin in West Texas

Denver, CO — Stage Completions (USA) Corporation (“Stage” or the “Company”) is pleased to announce a record-setting 142-stage completion, with the 5.5” Bowhead II Sliding Sleeve System (“Bowhead II system”) in the Permian basin. The fracturing operation was completed in 4.3 days (34 stages per day), placing 9.2 million lb (4,600 tons) of sand at a maximum concentration of 4 ppg (480 kg/m3), and a maximum pump rate of 60 bbl/min (9.54 m3/min), with an average horsepower requirement of 4300 hp.

The Bowhead II system runs a dissolvable ball on collet that activates sliding sleeves. The Bowhead II system has a constant ID through the wellbore that is cementable in place and allows for longer laterals, tighter spacing, higher pump rates, reduced HHP requirements, optimized water volumes for completions, and higher sand concentration. The Bowhead II system provides continuous pinpoint fracturing capability to operators without wireline or coiled tubing.

The Bowhead II system offers clear technical advantages with respect to controlled fracture placement and stimulation efficiency. Mr. Sean Campbell, President of Stage, stated, “The trending emphasis on choosing the best completion practice for each well application should lead the industry as a whole to favor the Bowhead II system. Stage strives to remain a leading technology innovator and continues to differentiate itself in the industry. Operators have placed a high priority on completion efficiencies that directly impact estimated ultimate recovery and return on investment during a well’s life cycle. Post this large-scale completion, several operators are planning wells utilizing the 5.5” Bowhead II system.”

About Stage Completions
The Stage Completions group of companies is driving oil and gas completions forward with its disruptive technology for downhole single-point entry. Its proprietary technology utilizes single-point entry fracturing to increase well productivity and reduce well cost. Founded in 2014, the Stage group of companies has quickly challenged the industry standards with record-breaking completions times. Today, the Stage group of companies is rapidly expanding worldwide in some of the top well regions including Eagle Ford, Permian, Bakken, STACK, SCOOP, Canada, Saudi Arabia, China and Argentina. For more information about Stage Completions, please visit http://www.stagecompletions.com.

This release includes certain statements of the Company regarding judgments of the Company’s technology and its industry that would reasonably be expected to affect the Company’s future performance. Such statements and subjective judgments by the Company’s management may or may not prove to be correct and there can be no assurance that they will be realized. Accordingly, neither the Company any of its respective directors, partners, employees or advisers nor any other person, will be liable for any direct, indirect or consequential loss or damages suffered by any person as a result of relying on any statement in or omission from this release and any such liability is expressly disclaimed. In all cases, interested parties should conduct their own investigation and analysis of the Company and its technology and the information contained in this release. This cautionary statement expressly qualifies the forward-looking statements contained in this release.

The forward-looking statements made herein relate only to events or information as of the date on which the statements are made. The Company undertakes no obligation to update or revise publicly any forward-looking statements or correct any inaccuracies which may become apparent except as required by applicable securities legislation. The reader is cautioned not to place undue reliance on forward-looking statements.