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SEC Filings

8-K
KEY ENERGY SERVICES INC filed this Form 8-K on 02/12/2018
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Slide 11

Aging Horizontal Oil Well Backlog Provides New, Secular Tailwind Source: DrillingInfo. Note: Utilizes the same job frequency and utilization assumptions described on slide 23 and are applied to the Future Cumulative HZ Wells >4 Years Old shown in the chart above. Proliferation of HZ oil wells has created a new class of well service candidates Delay between completion of a new HZ oil well and the beginning of the regular maintenance interval yields a significant well service backlog Incremental rig demand could require ~692 well service rigs for the existing installed base of aging HZ oil wells by the end of 2020