Key Energy Services, Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- John Marshall Dodson
- Full Time Employees
- 2,000
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- Address
- 1500 CityWest Blvd Suite 800 Houston TX United States of America 77010
- IPO Date
- Dec 11, 1992
- CIK
- 0000318996
- Website
- keyenergy.com
- Similar Companies
- Business
- Key Energy Services, Inc. (KEGX) operates as an onshore rig-based well servicing contractor primarily serving oil and natural gas producers in the United States. The company provides a comprehensive array of well intervention and production services through its four main segments: Rig Services, which encompass completion of newly drilled wells, workover and recompletion of existing wells, well maintenance, plugging and abandonment, and specialty drilling; Fishing and Rental Services, including recovery of lost equipment, rental of ancillary tools such as reverse units, drill pipe, tubulars, laydown machines, blowout preventers, pumps, power swivels, foam air units, and fishing tools; Coiled Tubing Services, offering wellbore clean-outs, nitrogen jet lifts, through-tubing fishing, formation stimulations, milling of temporary isolation plugs, and pre- and post-hydraulic fracturing preparation; and Fluid Management Services, providing transportation, well-site storage, and disposal of drilling, completion, workover, and maintenance fluids, along with hot oiling for clearing wellbore restrictions. Key Energy targets exploration and production companies ranging from small independents to major operators, with a significant presence in key basins including the Permian, supported by an extensive fleet of rigs with pull capacities of 150,000-250,000 pounds and heights of 71-116 feet. Founded in 1977 and headquartered in Houston, Texas, the company changed its name from Key Energy Group, Inc. to Key Energy Services, Inc. in December 1998. In May 2024, Key Energy acquired substantially all assets of the well servicing division of Endeavor Energy Resources, L.P. in an all-cash transaction, enhancing its Permian Basin footprint, integrating talented personnel, and leveraging improved liquidity and free cash flow to reduce debt while continuing to support Endeavor's operations.
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