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KEG on NYSE

Key Energy Services

Logo: Key Energy Services, Non-free logo, via Wikipedia4

American oilfield services company

Key Energy Services is an American oilfield services company.3 Its shares trade on NYSE under the symbol KEG.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1977Founded1

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  • TickerKEG on NYSE1
  • Industrylist of oilfield service companies1
  • HeadquartersFulbright Tower1
  • Websitewww.keyenergy.com
  • Incorporated inDE5
  • Business address1301 Mckinney Street, Suite 1800, Houston, Tx 770105
  • Filer categoryNon-accelerated filer, Smaller reporting company5

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Key Energy Services is an American oilfield services company.3

What it owns

What Key Energy Services reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$432.9M7 Dec 31, 2019$439.0M7 Dec 31, 2018−1.4%
Accumulated depreciation$205.4M7 Dec 31, 2019$163.3M7 Dec 31, 2018+25.7%
Property and equipment, net$227.6M7 Dec 31, 2019$275.7M7 Dec 31, 2018−17.5%
Finance-lease assets$1.6M7 Dec 31, 2019
Operating-lease assets (leased space)$4.8M7 Dec 31, 2019

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$14.4M7 Dec 31, 2019$50.3M7 Dec 31, 2018−71.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$347.0K7 Dec 31, 2019$404.0K7 Dec 31, 2018−14.1%
Accumulated amortization$173.0K7 Dec 31, 2019$116.0K7 Dec 31, 2018+49.1%
Finite-lived intangibles, net$347.0K7 Dec 31, 2019$404.0K7 Dec 31, 2018−14.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$13.6M7 Dec 31, 2019$15.9M7 Dec 31, 2018−14.5%

The story

The company, established in 1977, provides well services and is based in Houston, Texas with other offices in Midland, Texas and regional offices in Bakersfield, California; Farmington, New Mexico; Casper, Wyoming; El Reno, Oklahoma; Fort Lupton and Grand Junction, Colorado; Lafayette and Shreveport, Louisiana; and Arnoldsburg, West Virginia. Key has over 175 service locations (known as “districts”) in the US. Globally, Key Energy Services has operations in the Middle East, Russia, Mexico, Colombia and Ecuador.

From Wikipedia’s article on Key Energy Services, shared under CC BY-SA 4.0.6

Leadership

Who has led Key Energy Services, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Richard J. Alario2006–2016
  2. Robert Wayne Drummond Jr.2016–2018
  3. Robert J. Saltiel2018–2019
  4. J. Marshall Dodson2020

Chair

  1. Richard J. Alario2006–2015

President

  1. Richard J. Alario2006–2015
  2. Robert Wayne Drummond Jr.2015–2018
  3. Robert J. Saltiel2018–2019
  4. J. Marshall Dodson2020

Chief financial officer

  1. William M. Austin2006–2008
  2. Taylor M. Whichard Iii.2009–2013
  3. J. Marshall Dodson2013–2020
  4. Nelson Haight2020

Chief operating officer

  1. Newton W. Wilson Iii.2008–2014
  2. Robert Wayne Drummond Jr.2015–2016
  3. David J. Brunnert2016–2018
19801990200020102020
Board members and other officers (58)

Products and brands

Service offerings include:

Rig Services

Rig-based well-servicing for workover or re-entries on existing wells, such as:

New well completions

Read the full text

PNA (Plug and Abandonment)

Stimulation of existing wells with declining production

Horizontal or directional drilling

SmartTongsm Rod Connection Service

Fluid Management Services

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

Fishing Services

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.

Rental Services

Ancillary equipment such as generators, drill collars as well as proprietary tools such as the Hydra-Walkr automated pipe handling system.

Coiled Tubing Services (CTS)

Provides fracing aka Hydraulic fracturing, acidizing and cementing services.

From Wikipedia’s article on Key Energy Services, shared under CC BY-SA 4.0.6

Acquisitions

While Key Energy traces its roots to New Hope, Pennsylvania, operating under the name The Yankee Companies, the company's current name is a legacy of Yale E. Key, a West Texas oilman from Midland, Texas, who started his oilwell service business in the 1940s. After his death in the 1980s, his company, Yale E. Key, Inc., was sold to the Yankee Companies. As a result of the continued acquisition of oilwell service companies, the Yankee Companies changed its name to Key Energy in the 1990s. Key Energy has grown through over 1002 acquisitions. In 2016, the company filed for Chapter 11 bankruptcy protection. Key Energy Services, Inc. became a non-public (private) company on December 14, 2020 (Form 15, U.S. Securities and Exchange Commission).

Notable historical acquisitions of Key Energy Services, Inc. are listed below.

From Wikipedia’s article on Key Energy Services, shared under CC BY-SA 4.0.6

Former names

  • KEY ENERGY GROUP INCOct 31, 1995 to Jan 14, 19995
  • NATIONAL ENVIRONMENTAL GROUP INCFeb 14, 1994 to Feb 14, 19945

Timeline

  1. Apr 3, 2020New chief executive J. Marshall Dodson becomes CEO8
  2. Aug 21, 2018New chief executive Robert J. Saltiel becomes CEO9
  3. Dec 16, 2016Went public Listed on NYSE1
  4. Jun 23, 2016New chief executive Robert Wayne Drummond Jr. becomes CEO10
  5. Jun 27, 2006New chief executive Richard J. Alario becomes CEO11
  6. 1977Founded Founded1

SEC filer profile

How Key Energy Services is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARKEY ENERGY SERVICES INC2
  • CIK0000318996
  • Employer ID (EIN)04-26480812
  • Filer statusNon-accelerated filer<br>smaller reporting company2
  • Incorporated inDelaware2
  • Fiscal year endsDecember 312
  • Industry code (SIC)1389 Oil & Gas Field Services, NEC2
  • Business address1301 Mckinney Street, Suite 1800, Houston, TX 770102
  • Phone713-651-43002
  • Shares outstanding13,781,347 as of Oct 30, 202076
  • Public float$16.6M as of Jun 28, 20197
  • On EDGAR sinceFeb 14, 19942
  • Filings1,787 in all: 4 (785), 8-K (344), 3 (76), 10-Q (74), SC 13G/A (58), 424B3 (51), 4/A (39), SC 13G (32)2
    All 64 form types

    SC 13D/A (27), 10-K (21), 424B2 (20), 8-K/A (18), DEF 14A (18), 424B5 (14), CORRESP (13), S-8 (13), NT 10-Q (11), SC 13D (11), UPLOAD (11), DEFA14A (10), S-3 (10), S-8 POS (10), 10-K/A (9), S-3/A (9), ARS (7), S-4/A (7), 10-Q/A (6), NT 10-K (6), 11-K (5), EFFECT (5), S-4 (5), SD (5), 3/A (4), 8-A12B (4), PRE 14A (4), 424B4 (3), POS AM (3), SC 14D1/A (3), 15-12B (2), 25-NSE (2), 424B1 (2), 425 (2), 8-A12B/A (2), 8-A12G (2), CERTNYS (2), PREC14A (2), S-3ASR (2), SEC STAFF LETTER (2), 10-K405/A (1), 10-KT (1), 10-KT/A (1), 10KSB/A (1), 10KSB40 (1), 10KSB40/A (1), 5 (1), D (1), DEFR14A (1), FWP (1), NT 10-K/A (1), NTN 10Q (1), PRER14A (1), RW (1), SC 14D1 (1), SC 14D9 (1)

  • Latest filingsAnnual report (10-K) Mar 13, 2020
    Quarterly report (10-Q) Nov 16, 2020
    Proxy statement (DEF 14A) Feb 6, 2020
    Latest 8-K (8-K) Dec 14, 2020

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