KEY ENERGY SERVICES, INC. (OTCMKTS:KEGXQ) Files An 8-K Regulation FD Disclosure
Item7.01
| Regulation FD Disclosure. |
On June13, 2017, Key Energy Services, Inc. (Key) issued a press
release announcing the closing of the divestiture of its frac
stack and well-testing assets to Covenant Testing Technologies,
LLC. A copy of the press release is furnished as Exhibit 99.1 to
this Current Report on Form 8-K and is incorporated herein by
reference.
The information furnished to this Item7.01 and Exhibit 99.1 shall
not be deemed to be filed for the purposes of Section18 of the
Securities Exchange Act of 1934, as amended, and will not be
incorporated by reference into any registration statement filed
under the Securities Act of 1933, as amended, unless specifically
identified therein as being incorporated therein by reference.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking
statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Statements that are not historical
in nature or that relate to future events and conditions are, or
may be deemed to be, forward-looking statements. These
forward-looking statements are based on Keys current expectations
and beliefs. No assurance can be given that such expectations and
beliefs will prove to have been correct. Whenever possible, these
forward-looking statements are identified by words such as
expects, believes, anticipates and similar phrases.
Because such statements involve risks and uncertainties, many of
which are outside of Keys control, actual results and performance
may differ materially from the results expressed or implied by
such forward-looking statements. Given these risks and
uncertainties, readers are cautioned not to place undue reliance
on such forward-looking statements.
Important risk factors that may affect Keys business, results of
operations and financial position are discussed in its most
recently filed Annual Report on Form 10-K, recent Quarterly
Reports on Form 10-Q, recent Current Reports on Form 8-K and in
otherfilings with the Securities and Exchange Commission (the
SEC). Unless otherwise required by law, Key also disclaims any
obligation to update its view of any such risks or uncertainties
or to announce publicly the result of any revisions to the
forward-looking statements made here. However, readers should
review carefully reports and documents that Key files
periodically with theSEC.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| 99.1 |
Press Release of Key Energy Services, Inc. issued June13, 2017. |
About KEY ENERGY SERVICES, INC. (OTCMKTS:KEGXQ)
Key Energy Services, Inc. is an onshore, rig-based well servicing contractor. The Company provides a range of well services to oil companies, foreign national oil companies, and independent oil and natural gas production companies. The Company operates in five segments: U.S. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services, and International. Its U.S. Rig Services, Fluid Management Services, Coiled Tubing Services, Fishing and Rental Services operate geographically within the United States. The International segment includes its operations in Mexico, Colombia, Ecuador, Russia, Bahrain and Oman. The Company’s services include rig-based and coiled tubing-based well maintenance and workover services, well completion and recompletion services, fluid management services, fishing and rental services, and other ancillary oilfield services. Additionally, certain of its rigs provide specialty drilling applications.