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KEY ENERGY SERVICES (KEG) Stocks

ABOUT KEY ENERGY SERVICES

πŸ“Š Key Energy Services Inc., an American oilfield services company, was founded in 1977 and has its headquarters in Houston, Texas.

πŸ“Š The company provides an extensive portfolio of cutting-edge energy production solutions and services that enables American exploration and production (E&P) companies to get the most out of the life of their wells.

πŸ“Š The company’s history can be traced back to the Yankee Companies, the legacy of Yale. E. Key who stated his oil-well service business, Yale. E. Key, in the 1940s. After his death, the company was sold to the Yankee Companies.

πŸ“Š The latter changed its name to Key Energy in the 1990s.

πŸ“Š Since then, the company has grown exponentially through more than 1, 000 acquisitions.

πŸ“Š Key Energy Services Inc. operates a fleet of 884 well-service rigs in the U.S. It also has a technology-development and control-systems business in Canada.

πŸ“Š Today, the company employs approximately 7 500 people across its global operations.

HISTORY OF KEY ENERGY SERVICES

  • Key Energy Services, Inc. focuses on the provision of onshore energy production services.
  • The company conducts its operations through five primary segments: Rig Services, Fishing and Rental Services, Coiled Tubing Services, Fluid Management Services and Functional Support.
  • Rig Services comprises the completion of newly drilled wells, workover and recompletion of existing oil and natural gas wells, as well as the maintenance, plugging and abandonment of wells.
  • The Fishing and Rental Services segment provides fishing services and rental equipment.
  • Coiled Tubing Services provides for the use of a continuous metal pipe spooled onto a large reel which is then inserted into oil and natural gas wells. Fluid Management handles transportation and well-storage services for fluids used in drilling, completions and maintenance activities.
  • The Functional Support division is responsible for overhead and other costs in support of reportable segments.
  • Key Energy Services, Inc. also has regional offices in Bakersfield, California; Farmington, New Mexico; Casper, Wyoming, Fort Lupton and Grand Junction, Colorado; Lafayette and Shreveport, Louisiana; El Reno, Oklahoma and Arnoldsburg, West Virginia.
  • Globally, the company conducts operations in Mexico, Columbia, Ecuador, the Middle East and Russia.

VISION & VALUES OF KEY ENERGY SERVICES

  • Key Energy Services is guided in its decisions and actions by its core values.
  • It regards safety as an absolute obligation and puts a high premium on employee satisfaction and development.
  • It further values respect and integrity, and is accountable in its daily operations.
  • These solid values foster trust among employees, partners and shareholders who purchase company shares.

MARKET PERFORMANCE OF KEY ENERGY SERVICES

  • Key Energy Services Inc. trades on the New York Stock Exchange (NYSE) under the stock symbol KEG.Β The company is a Russell 2000 component.
  • For the second fiscal quarter 2019, the company reported consolidated revenue of US$ 112.9 million.
  • Investors who buy or sell company shares can expect satisfactory dividends and returns on their investment.
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