Key Energy Services, Inc. has made a significant move in the energy sector with the recent acquisition of the well servicing division of Endeavor Energy Resources, L.P. in an all-cash transaction. This strategic purchase, effective May 19, 2024, will allow Key Energy Services to expand its footprint in the Permian Basin and continue to support Endeavor’s well servicing needs.
Marshall Dodson, President and CEO of Key Energy Services, expressed his excitement about the acquisition, highlighting the addition of talented individuals and valuable assets to the company’s team. He emphasized the importance of maintaining a strong relationship with Endeavor and providing exceptional service to meet their needs.
Dodson also commended Key Energy Services for its financial progress over the years, attributing it to positive operating results and free cash flow. He underscored the company’s commitment to safety, stating that despite challenges, Key Energy Services is operating at its safest level in its 45-year history.
Key Energy Services is known for providing cutting-edge energy production solutions and services to E&P companies of all sizes. The company’s focus on technical expertise, state-of-the-art data analytics, and top-notch equipment enables its clients to maximize the productivity of their wells.
With this latest acquisition, Key Energy Services is poised to strengthen its position in the Permian Basin and continue to deliver industry-leading service and equipment to its customers. The company’s forward-looking approach and commitment to safety and excellence set it apart in the competitive energy sector.