| Business Summary | | Key
Energy
Services,
Inc.
is
the
largest
onshore,
rig-based
well
servicing
contractor
in
the
world,
with
approximately
1,400
well
service
rigs
and
1,200
fluid
hauling
vehicles
as
of
June
30,
2000.
Key
provides
a
complete
range
of
well
services
to
major
and
independent
oil
and
natural
gas
production
companies,
including
rig-based
well
maintenance,
workover,
completion,
and
recompletion
services
(including
horizontal
recompletions);
oilfield
trucking
services;
and
ancillary
oilfield
services.
The
Company
conducts
well
servicing
operations
onshore
the
continental
United
States
and
internationally
in
Argentina
and
Ontario,
Canada.
Key
is
also
a
leading
onshore
drilling
contractor,
with
73
land
drilling
rigs
as
of
June
30,
2000.
Key
conducts
land
drilling
operations
in
a
number
of
major
domestic
producing
basins,
as
well
as
in
Argentina
and
in
Ontario,
Canada.
Key
also
produces
and
develops
oil
and
natural
gas
reserves
in
the
Permian
Basin
region
and
Texas
Panhandle. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Key
Energy
is
a
provider
of
onshore
oil
and
gas
well
services
in
the
United
States
and
Argentina,
operating
1,420
well
service
rigs,
1,200
oilfield
trucks
and
73
drilling
rigs.
For
the
nine
months
ended
3/31/01,
revenues
rose
33%
to
$623
million.
Net
income
before
extraordinary
item
totaled
$36.2
million
vs.
a
loss
of
$19.3
million.
Revenues
reflect
higher
activity
levels
and
increased
rig
and
fluid
hauling
rates.
Net
income
reflects
increased
margins
and
lower
interest
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
250,302;
after
tax
earnings
were
26,121. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Francis John, 46 Chairman,
Pres, CEO, Chief Operating Officer | $897K | Thomas Grundman, 40 CFO,
Exec. VP of International Operations, Chief Accounting Offi | 304K | James Byerlotzer, 54 Exec.
VP of Domestic Operations | 374K | Bruce Lowe VP | -- | Steven Richards VP,
Drilling Operations | -- | Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|