Key Energy Services Provides September 2011 Activity Data and Third Quarter 2011 Conference Call Information

Oct 12, 2011, 18:36 ET from Key Energy Services, Inc.

HOUSTON, Oct. 12, 2011 /PRNewswire/ -- Key Energy Services, Inc. (NYSE: KEG) provides September 2011 activity data.

Activity levels for the month of September 2011 and comparable periods are as follows:

For the Month Ended

% Change

% Change

9/30/11

8/31/11

9/30/10

vs 8/31/11

vs 9/30/10

U.S. Rig Hours

139,799

151,974

138,924

-8.0%

0.6%

U.S. Rig Hours Per Working Day

6,657

6,608

6,615

0.7%

0.6%

International Rig Hours

41,127

43,368

27,377

-5.2%

50.2%

International Rig Hours Per Calendar Day

1,371

1,399

913

-2.0%

50.2%

Total Rig Hours

180,926

195,342

166,301

-7.4%

8.8%

Total Trucking Hours

243,444

261,160

187,774

-6.8%

29.6%

Total Trucking Hours Per Calendar Day

8,115

8,425

6,259

-3.7%

29.6%

U.S. Working Days*

21

23

21

-8.7%

0.0%

Calendar Days

30

31

30

-3.2%

0.0%

*Key calculates U.S. working days as total weekdays for the month less any company holidays that occur in the month.

The following reflects utilization data relative to Key's U.S. rig services fleet:

For the Month Ended

% Change

% Change

9/30/11

8/31/11

9/30/10

vs 8/31/11

vs 9/30/10

Total Available U.S. Rigs

787

787

737

0.0%

6.8%

Average Rigs Worked*

481

482

478

-0.2%

0.6%

Utilization

61%

61%

65%

*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 this monthly activity update.

Third Quarter 2011 Conference Call Information

Key Energy Services will release third quarter 2011 financial results after market close on Thursday, October 27, 2011.  Key management will host a conference call to discuss its third quarter 2011 financial results on Friday, October 28, 2011 at 10:00 a.m. CDT.  To access the call in the U.S. and Canada dial 888-794-4637.  International callers should dial 660-422-4879. All callers should ask for the "Key Energy Services Conference Call" or provide the access code 14042906.  The conference call will also be available live via the internet.  To access the webcast, go to www.keyenergy.com and select "Investor Relations."  A telephonic replay of the conference call will be available on Friday, October 28, 2011, beginning two hours after the completion of the conference call and will remain available for one week.  To access the replay, call 855-859-2056.  The access code for the replay is 14042906.  The replay will also be accessible at www.keyenergy.com under "Investor Relations" for a period of at least 90 days.

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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