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BAML GLOBAL ENERGY CONFERENCE – Key Energy Services Inc.

Key Energy Services Inc. · Nov 11, 2010 · 16 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. BAML GLOBAL ENERGY CONFERENCE – Key Energy Services Inc. – slide 1
    Key Energy Services Changing The Way You Think About Well Servicing Bank of America Merrill Lynch Global Energy gy Conference November 11, 2010 Dick Alario Chairman, President, and CEO Gary Russell Vice President Investor…
  2. BAML GLOBAL ENERGY CONFERENCE – Key Energy Services Inc. – slide 2
    Business Overview W ll Servicing Well S i i P d ti Production Services S i Rig Services: Fluids Management: Coiled Tubing Services: Fishing & Rental Services: Heavy Workover Fluid Trucking / Transportation Logging & Perforating…
  3. BAML GLOBAL ENERGY CONFERENCE – Key Energy Services Inc. – slide 3
    Key Energy Services Market Dynamics Cyclical recovery Oil has been a major driver of Keys increasing activity. Blue Chip customer activity continues to grow grow. Liquids-rich plays are driving additional activity increases. Pricing…
  4. BAML GLOBAL ENERGY CONFERENCE – Key Energy Services Inc. – slide 4
    U.S. Activity Trends U.S. Oil Drilling Rig Count 800 60% of Active Oil Rigs 700 Horizontal Drilling % of Total 50% Oil Drilling % of Total 600 40% 500 400 30% 300 20% 200 10% 100 0 0% Sep03 3 Nov03 3…
  5. BAML GLOBAL ENERGY CONFERENCE – Key Energy Services Inc. – slide 5
    U.S. Market Key Estimated U.S. Oil / Gas Split Oil 75% Gas 25% Total Service Locations : 151 Estimated 4Q 2010 split following sale of pressure pumping and wireline businesses and purchase of OFS businesses. Well…
  6. BAML GLOBAL ENERGY CONFERENCE – Key Energy Services Inc. – slide 6
    Keys Global Presence Is Growing Drilling g & Workover Drilling g& Workover Fluids Management Primary Coiled Tubing Cementing Fishing & Rental Reservoir Engineering 18% Planned: Drilling & Workover Drilling & 33%…
  7. BAML GLOBAL ENERGY CONFERENCE – Key Energy Services Inc. – slide 7
    Horizontal Well Secular Trends Horizontal wells require: 3-5 3 5 times overall service intensity vs conventional wells. wells Larger completion, workover, and well servicing rigs. Extended-reach capable coiled tubing units. Larger…
  8. BAML GLOBAL ENERGY CONFERENCE – Key Energy Services Inc. – slide 8
    Rig Services Industry leader with over 800 well service rigs worldwide. 30% share of the U.S. market . (1) Bifurcated market: Complex live well intervention intervention, horizontal completions, heavy workovers, re-…
  9. BAML GLOBAL ENERGY CONFERENCE – Key Energy Services Inc. – slide 9
    Differentiating Technologies BASE BEAM ENGINEERING HYDRAULIC RIG FLOOR 11
  10. BAML GLOBAL ENERGY CONFERENCE – Key Energy Services Inc. – slide 10
    Fluid Management Services More horizontal well completions drives higher overall well fluid demands. Tightening regulatory environment l d tto iincreased leads d llogistical i ti l challenges h ll requiring experience.…
  11. BAML GLOBAL ENERGY CONFERENCE – Key Energy Services Inc. – slide 11
    Coiled Tubing --- Why It Fits With Key Secular growth trend usefulness of coiled tubing as an oilfield tool is still evolving. Multiple uses are still growing: Historically Limited to remedial work such as wellbore washout & acid…
  12. BAML GLOBAL ENERGY CONFERENCE – Key Energy Services Inc. – slide 12
    Estimated Coiled Tubing Fleets Key Energy Services - Coiled Tubing Fleet U.S. Coiled Tubing Market Leaders(1) Total SLB 72 16% of Units BHI 54 12% 2010 Start 25 Key 43 9% Express 5 HAL 40 9% Organic 3 Others: 246 54% OFS…
  13. BAML GLOBAL ENERGY CONFERENCE – Key Energy Services Inc. – slide 13
    Estimated Pro Forma 3Q 2010 Financial Impact What we sold: What we bought: Potential OFS & Pressure Pumping Incremental Capacity & Wireline OFS Coiled Tubing Additions Businesses Sold(1) Acquisition(2) Capacity(3) Combined…
  14. BAML GLOBAL ENERGY CONFERENCE – Key Energy Services Inc. – slide 14
    Fishing & Rental Services Horizontal wellbore designs are driving higher demand for premium premium, high-torque high torque drill pipe. More complex completions and customer focus on safetyy is driving g higher g demand for…
  15. BAML GLOBAL ENERGY CONFERENCE – Key Energy Services Inc. – slide 15
    Financial Strength to Execute Growth Strategy B l Balance Sh Sheett (In millions, except for percentage) Estimated Pro Forma (1) (2) As of September 30, 2010 Following Oct 1st M&A Cash 34.1 120.0 p y and Equipment Net Property…
  16. BAML GLOBAL ENERGY CONFERENCE – Key Energy Services Inc. – slide 16
    Key Energy Services Changing The Way You Think About Well Servicing

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