Key Energy Services Changing The Way You Think About Well Servicing UBS Global Oil and Gas Conference May 26, 2011 Trey Whichard S i Vice Senior Vi President P id t andd Chi Chieff Fi Financial i l Offi Officer Gary Russell…
Market Dynamics Cyclical recovery Oil remains a major driver of Keys increasing activity. Liquids-rich plays are driving additional activity increases increases. Improving efficiency and pricing should help drive expanding margins.…
U.S. Business Overview Rig Services: Intervention Services: Heavy Workover Wellbore Cleanout Horizontal Well Completions Multi-stage Frac Plug & FY 2010 1Q 2011 Packer Milling Re-completions U.S. Lines Of Business Revenue Percent Of…
U.S. Market Total Service Locations: 162 Rig Service Locations: 75 Rig Service Rigs: 787 U S Rig Market Share U.S. Rig Market Share FMS Service Locations: 57 Fluid Trucks: 1,000+ Storage Tanks: 3,400+ Disposal Wells: 65…
Keys Global Presence Is Growing Well Servicing, g, Well Servicing, g, Workover, Drilling Workover, Drilling & Completion & Completion Fluid Management Reservoir Engineering Coiled Tubing Fishing g & Rental 18% Well Servicing,…
Horizontal Well Secular Trends Horizontal wells require: 3-5 times overall service intensity vs conventional wells. Larger drilling/completion drilling/completion, workover, workover and well servicing rigs for: New well drilling…
Rig Services Largest g onshore,, rig-based g well servicing g contractor with over 860 well service rigs worldwide. Bifurcated market: Complex live well intervention, horizontal completions, heavy workovers, and specialized…
Differentiating Technologies BASE BEAM RESERVOIR AND FIELD HYDRAULIC RIG FLOOR ENGINEERING 10
Fluid Management Services More horizontal well completions drive higher overall well fluid demands. g Tighteningg regulatory g y environment leads to increased logistical challenges requiring experience. Disposal well capacity…
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 and acid…
Fishing & Rental Services Horizontal wellbore designs are driving higher demand for premium, premium high-torque high torque drill pipe pipe. More complex completions and customer focus on safety is driving higher demand for our…
Financial Strength to Execute Growth Strategy Balance Sheet - As of March 31, 2011(1) In millions, except for percentage Cash 13.2 Net Property and Equipment 996.6 Total Debt 583.6 Total Equity 970.9 Net Debt to Total…
Key Energy Services Changing The Way You Think About Well Servicing