Key Energy Services


Key Energy Services

Infobox_Company
company_name = Key Energy Services
company_
company_type = Public (nyse|KEG)
foundation = 1977
location = Operates internationally. Incorporated in Maryland with principal offices in Houston and Midland.
key_people =
Chairman & CEO: Dick Alario
SVP & CFO: William M. Austin
SVP & General Counsel: Newton W. Wilson III
SVP & Chief People Officer: Kim B. Clarke
Senior Vice President of Business Development, Technology and Strategic Planning: Don Weinheimer
num_employees = 7,500 worldwide
industry = Oilfield Services
products = Well Services, Fishing & Rental Services, Electric Wireline Services, Pressure Pumping Services, Fluid Services
homepage = [http://www.keyenergy.com/ www.keyenergy.com]

Key Energy Services, established in 1977, is an oilfield services company providing well services. Based in Houston, TX, Key Energy has other offices in Midland, TX and regional offices in Bakersfield, CA; Farmington, NM; Casper, WY; El Reno, OK; Lafayette and Shreveport, LA; and Arnoldsburg, WV. Key has over 175 service locations (known as “yards” or “districts”) in the US; seven in Argentina and one in Mexico (Poza Rica)..

Key's principal executive office is located at 1301 McKinney Street, Suite 1800, Houston, Texas 77010.

Business Segments

Well Services
Rig-based well-servicing for workover or re-entries on existing wells, such as:
* New well completions
* PNA (Plug and Abandonment)
* Stimulation of existing wells with declining production
* Hydra-Walk(r) pipe handling system

Fluid Services
Oilfield transportation services (often referred to as “Trucking”)

Electric wireline services (EWS)
Uses specific tools and specialty equipment to acquire data on formations or status of the well.

Fishing & Rental Services (FRS)
Process to recover lost or stuck equipment in the well bore utilizing a "fishing tool” or “jar”. The FRS operations also cut windows in well sidewall casings for horizontal re-entries.

Marine Well Services
Key acquired the Moncla Companies1 in 2008 and now has seven workover barge rigs. Barge rigs are used to reach wellheads in shallow water, positioned on the well and then sink themselves on the existing pad for workover operations. Each barge has been named after a species of fish.

Pressure Pumping Services (PPS)
Provides fracing aka Hydraulic_fracturing, coiled tubing, acidizing and cementing services.

History & Notable Acquisitions

While Key Energy traces its roots to New Hope, PA, operating under the name The Yankee Companies, the company’s current name is a legacy of Yale E. Key, a West Texas oilman. Key Energy has grown through over 1002of acquisitions. The most notable ones are listed below.

External links

* [http://www.keyenergy.com Key Energy Services]
[http://www.oilserviceindex.com/ Oil Service Index]

References1 http://www.rigzone.com/news/article.asp?a_id=504452 http://www.allbusiness.com/banking-finance/financial-markets-investing/8907145-1.html


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