HOUSTON, Aug. 20 /PRNewswire-FirstCall/ -- Key Energy Services, Inc. (NYSE: KEG) announced today its rig and trucking hours for the month of July 2009. The results for the month and comparable periods are as follows:

                                             For the month ending
                                    July 31,      June 30,         July 31,
                                     2009           2009            2008

    Working Days                      22             22              22
    Rig Hours                       139,981        138,321         248,039
    Trucking Hours                  134,807        134,228         211,006


    The company calculates working days as total weekdays for the month less
    any company holidays that occur that month.  For the month of August 2009,
    there are 21 working days.

Chairman, President, and CEO Dick Alario commented, "Key's rig hours for the month of July improved 1.2% from the month of June with a comparable number of working days during each month. Through the first half of August our domestic rig hours per day are trending slightly higher compared to July. Consistent with commentary from our second quarter conference call, the U.S. rig business continues to experience an increase in repair and maintenance based activity, with offsetting declines in workover and drilling and completion dedicated hours. Activity improvements in our oil directed rig markets are being driven by small and mid-sized independents."

About Key Energy Services

Key Energy Services is the largest provider of onshore well service rigs in the United States and one of the leading onshore, rig-based well servicing contractors in the world. The company provides a complete range of well services, including rig-based well maintenance, workover, well completion and recompletion services, fluid management services, pressure pumping services, fishing and rental services, electric wireline services and ancillary oilfield services. Key Energy Services has operations in all major onshore oil and gas producing regions of the continental United States and internationally in Argentina and Mexico. Additionally, the company has a technology development group based in Canada and ownership interests in a drilling and production services company in Canada and a drilling and workover services and sub-surface engineering and modeling company in the Russian Federation.

Forward-Looking Statements

Certain statements contained in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our current expectations, estimates and projections about the company, our industry, our management's beliefs and certain assumptions made by management. Whenever possible, we have identified these "forward-looking statements" by words such as "expects," "believes," "anticipates" and similar phrases. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict, including, but not limited to: risks affecting activity levels for our services, including the decline and instability of commodity prices, continued decreases in the capital budgets of our customers, and the impact of continuing periods of lower activity from our larger customers; risks associated with the prolonged economic downturn and credit market instability; risks affecting our foreign operations; and risks affecting our ability to maintain or improve operations, including our ability to maintain prices for services under increasing pricing pressures, the impact of rig capacity in the market and weather risk. Other important risk factors that may affect our business, results of operations and financial condition are discussed in our most recently filed Annual Report on Form 10-K, recent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K and in other Securities and Exchange Commission filings. Because such statements involve risks and uncertainties, our actual results and performance may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, we also disclaim any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here. However, readers should review carefully the reports and documents we file periodically with the Securities and Exchange Commission.

    Contact:  Blake Hutchinson
              (713) 651-4523

SOURCE Key Energy Services, Inc.

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