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Key Energy Services Inc.
12 articles mentioning Key Energy Services Inc.
Oilfield Services Company to Restructure for the Second Time
Key Energy Services has entered into a restructring agreement with it debt holders. Here is the piece of information we found really interesting: the lenders will own 97% of the company and equity holders now own...
Key Energy Services' Forebearance Agreement Extended
Key Energy Services, Inc. has entered into an extension of its forbearance agreements with its Term Loan and ABL Lenders until the earlier of January 10, 2020 or the occurrence of certain specified early termination events....
Key Energy Services Out of NYSE Compliance
Key Energy Services Inc. received notice that it is out of NYSE compliance. It noted that Key's stock trading price has been below $1.00 for 30 consecutive trading days. No other information or plan to regain...
Robert Drummond Abrupts Resigns from Key Energy Services
Key Energy Services, announced today that President and Chief Executive Officer Robert Drummond notified the Company of his decision to resign from his role as CEO to pursue another opportunity effective May 11, 2018. While Mr....
Key Energy Exits Bankruptcy; Elimated $700 Million In Debt
Key Energy hasemerged from bankruptcy, having satisfied all unwaived conditions to effectiveness set forth in the Plan. The reorganized Company received approval to list its new common stock on the New York Stock Exchange in conjunction...
Key Energy To File Chapter 11 Bankruptcy; New Owners
Key Energy said it plans to file Chapter 11 bankruptcy with a plan to hand control of the company to Platinum Equity LLC, its largest shareholder. Key said it intends to file a prepackaged bankruptcy plan...
Key Energy Reports $94 Million Loss; SEC $5M Settlement
Key Energy Services, Inc. reported second quarter 2016 consolidated revenues of $95.0 million.Key's President and Chief Executive Officer, Robert Drummond, stated, "We are also pleased to have resolved the FCPA investigation with the SEC. We agreed...
Key Energy Services Taps President & COO
With Robert Drummond assuming the position of President, Richard J. "Dick" Alario will remain Key's Chairman and Chief Executive Officer.
Key Energy CEO Leads by Example; Takes Pay Cut
Key Energy Services CEO Richard J. Alario has agreed to take a pay cut in an effort to curtail pressures caused by decreased industry activity.
Key Energy Services Margins Crushed By Weather
Costs associated with moving rigs from Mexico to the U.S. and multiple severe weather events. Completion-driven services, such as Coiled Tubing Services, large completion rigs
Solimar Preps to Spud Kreyenhagen Oil Well; Ditches Paloma Leases
The rig is expected to be moved to site on September 19, and K 8-33 is expected to spud shortly thereafter.
Key Energy Services Taps SVP/CFO
John Marshall Dodson joined the Company in 2005 as Vice President and Chief Accounting Officer and served in that capacity until his appointment as Vice President and Treasurer in 2009.