HOUSTON, Dec. 15 /PRNewswire-FirstCall/ -- Key Energy Services, Inc. (NYSE: KEG) announced today its rig and trucking hours for the month of November 2009. The activity for the month and comparable periods are as follows:

                                    For the month ended
                                    -------------------
                      November 30,       October 31,       November 30,
                          2009               2009              2008
                      ------------       ------------      ------------
    Working Days           19                  22                18
    Rig Hours           138,430             152,772           187,892
    Trucking Hours      138,598             142,284           191,992

    Key calculates working days as total weekdays for the month
    less any company holidays that occur that month.  For the month of
    December 2009, there are 20 working days.

Chairman, President and CEO Dick Alario commented, "We continue to see signs of improvement from our customers. While our November activity was impacted by fewer and shorter workdays, consolidated rig hours per day increased 5% from October. We remain encouraged that our customers will maintain their activity pace as we work through winter weather disruptions and the remaining holiday season. While activity gains in our oil directed markets continue to be led by independent operators, we are experiencing increases throughout our customer base and pricing has been relatively constant. Hours per day in the U.S. market were up 4% from October and total U.S. hours were down approximately 9%. International hours per day improved 7% from October, while total international hours were down 8%. Our Russian operations contributed 3,450 hours in November."

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. Key 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 has operations in all major onshore oil and gas producing regions of the continental United States and internationally in Argentina, Mexico and Russia. Additionally, Key has a technology development group based in Canada and ownership interests in a drilling and production services company in Canada.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These "forward-looking statements" are based on Key's current expectations, estimates and projections about Key, its industry, its management's beliefs and certain assumptions made by management. No assurance can be given that such expectations, estimates or projections will prove to have been correct. Whenever possible, these "forward-looking statements" are identified by words such as "expects," "believes," "anticipates" and similar phrases.

A number of factors could cause actual results to differ materially from the expectations, estimates and projections expressed in this press release, including, but not limited to: risks affecting activity levels for Key's services, including the decline and instability of commodity prices, continued decreases in the capital budgets of customers, and the impact of activity levels not recovering, or even decreasing in the future, among Key's customers, including independents and larger customers; risks associated with the prolonged economic downturn and credit market instability; risks affecting Key's foreign operations and investments, including its expanded investment and operations in Russia; and risks affecting Key's ability to maintain or improve operations, including its ability to maintain prices for services under increasing pricing pressures, the impact of rig capacity in the market and weather risk.

Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Other important risk factors that may affect Key's business, results of operations and financial position are discussed in its 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. Unless otherwise required by law, Key also disclaims 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 reports and documents that Key files periodically with the Securities and Exchange Commission.

    Contact:           Trey Whichard
                       (713) 651-4406

SOURCE Key Energy Services, Inc.

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