Print Page  Close Window

SEC Filings

KEY ENERGY SERVICES INC filed this Form 8-K on 02/12/2018
Entire Document

Slide 23

Commodity Recovery to Drive Conventional Demand Expansion Oil price directly drives demand for well services Recent oil prices (~$55) yield an Implied Rig Demand for vertical oil wells of 1,791 well service rigs Demand elasticity to oil prices drives meaningful market growth opportunity in a range-bound oil price environment $40 to $55 oil drives 35% market expansion Source: DrillingInfo, Key Energy Services, Inc. (1) Assumes an aggregate composite frequency of well service interventions of approximately one “job” annually per vertical oil well. Further assumes an average duration of 2.9 days per job and 100% effective utilization to determine a given rig’s effective work capacity. Only active, producing Economic vertical oil wells are reflected for each oil price scenario as defined on slide 21 of this presentation.