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Onshore drilling: Key Energy Services (KEGX) (1977)

Key Energy Services Inc. (OTC PINK:KEGX) was founded in 1977, formerly known as Key Energy Group, Inc., changed to its current name in 1998, headquartered in Houston, Texas, full-time With 2,000 employees, it is an oil well contractor mainly engaged in onshore drilling in the United States and around the world.

Key Energy Services KEG Logo

Key Energy Services (KEGX):

Key Energy is the world’s largest oil well service and maintenance company with operations in the United States, Canada, and Argentina. Crowe provides drill-based services, including maintenance of existing oil wells, workovers, secondary completions, new well drilling, plugging of abandoned wells, and professional drilling services for oil and gas producers.

Key Energy also provides fluid management services, such as various fluid transportation and drilling site storage services for use in connection with drilling, completion, workover and maintenance activities, disposal services, and pumping.

In addition, Crowe also provides coiled tubing services, nitrogen jet elevators, etc., as well as salvage, inspection and repair services for lost or stuck equipment.

Key Energy Services of Crowe Company also provides equipment rental services, such as: drill pipes, tubes, handling tools, pressure control equipment, pumps, power swivels, reversal units and foam air units, and fracturing stacking equipment to support hydraulic fracturing Flowback of fluids, proppants, oil and natural gas associated with operations and fracturing.

Key Energy Services History of Crowe Company:

The predecessor of the company was Yale E. Key, Inc., which was established in the 1940s. In the 1980s, the company was sold to Yankee Companies. In the 1990s, Yankee was renamed Key Energy Group, Inc. and changed to its current name in 1998. The name is Key Energy Services Inc.

To date, Key Energy Services Inc. has conducted 1,002 acquisitions, mainly as follows:

years

Acquired company name

location

1993

Odessa Exploration

Texas

1994

Oilwell fishing tools

Texas

1995

Clint Hurt and Associates

Texas

1996

WellTech

Ohio, Michigan, Pennsylvania

Woodward Oil Service

Oklahoma state

Brownlee Well Service

Texas

Energy Air Drilling Services

Texas

Hitwell Surveys

Michigan, West Virginia

Brooks Well Servicing

Texas

B&L Hotshot

Michigan

1997

Talon Trucking

Oklahoma state

Cobra Industries

New Mexico

Tri-State Wellhead & Valve

Texas

Kalkaska Construction/Elder Well Service

Michigan

TST Parafin Service

Texas

Diamond Well Service

Oklahoma state

Drillers

Argentina

Shreve Well Service

West Virginia

GSI Trucking & Kahlden Trucking

All over America

Jeter Service

Texas

1998

Dawson Production Services

Texas

1999

6 small companies

All over America

2001

3 small companies

All over America

2002

Q Services

5 states

2004

Fleet Cementers

California & Texas

2007

Moncla Companies

California & Texas

Advanced Measurement Corporation (AMI)

Canada

Kings Oil Tools

California

2008

Hydra-Walk, Inc.

Oklahoma state

Leader Energy (US operations)

Michigan, West Virginia

On September 24, 2018, Key Energy Services announced that it has proposed a merger with Basic Energy Services .

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