Key Energy Services Provides July 2011 Activity Data
HOUSTON, Aug. 15, 2011 /PRNewswire/ -- Key Energy Services, Inc. (NYSE: KEG) provides July 2011 activity data.
Activity levels for the month of July 2011 and comparable periods are as follows: |
||||||||||
For the Month Ended |
% Change |
% Change |
||||||||
7/31/11 |
6/30/11 |
7/31/10 |
vs 6/30/11 |
vs 7/31/10 |
||||||
U.S. Rig Hours |
136,463 |
146,753 |
132,010 |
-7.0% |
3.4% |
|||||
U.S. Rig Hours Per Working Day |
6,823 |
6,671 |
6,286 |
2.3% |
8.5% |
|||||
International Rig Hours |
41,412 |
40,867 |
32,000 |
1.3% |
29.4% |
|||||
International Rig Hours Per Calendar Day |
1,336 |
1,362 |
1,032 |
-1.9% |
29.4% |
|||||
Total Rig Hours |
177,875 |
187,620 |
164,010 |
-5.2% |
8.5% |
|||||
Total Trucking Hours |
252,946 |
255,543 |
180,808 |
-1.0% |
39.9% |
|||||
Total Trucking Hours Per Calendar Day |
8,160 |
8,518 |
5,833 |
-4.2% |
39.9% |
|||||
U.S. Working Days* |
20 |
22 |
21 |
-9.1% |
-4.8% |
|||||
Calendar Days |
31 |
30 |
31 |
3.3% |
0.0% |
|||||
*Key calculates U.S. working days as total weekdays for the month less any company holidays that occur in the month. |
|
For the month of August 2011, there will be 23 working days. |
|
The following reflects utilization data relative to Key's U.S. rig services fleet: |
||||||||||
For the Month Ended |
% Change |
% Change |
||||||||
7/31/11 |
6/30/11 |
7/31/10 |
vs 6/30/11 |
vs 7/31/10 |
||||||
Total Available U.S. Rigs |
787 |
787 |
737 |
0.0% |
6.8% |
|||||
Average Rigs Worked* |
478 |
490 |
467 |
-2.4% |
2.4% |
|||||
Utilization |
61% |
62% |
63% |
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*Average U.S. rigs worked is calculated as the total number of rigs worked per working day during a period divided by the number of workdays in that period. |
|
Key will no longer provide monthly activity data after the September 2011 report.
About Key Energy Services
Key Energy Services is the largest onshore, rig-based well servicing contractor based on the number of rigs owned. Key provides a complete range of well intervention services and has operations in all major onshore oil and gas producing regions of the continental United States and internationally in Mexico, Colombia, the Middle East, Russia, and Argentina.
Contact:
Gary Russell
713-651-4434
SOURCE Key Energy Services, Inc.
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