Key Energy Services Reviews | Glassdoor

Key Energy Services Reviews

Updated January 25, 2017
117 reviews

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3.1
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Key Energy Services President and CEO Robert Drummond
Robert Drummond
64 Ratings

117 Employee Reviews

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Pros
  • It was a good company to work for, good pay, good benefits (in 8 reviews)

  • Good people to work any many field locations (in 8 reviews)

Cons
  • Upper management needs to be more responsive to lower level management (in 8 reviews)

  • In the end, I did get laid off, but that was due to the oil and gas market (in 4 reviews)

More Pros and Cons

  1. "HSE Advisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - HSE Advisor in Williston, ND
    Former Employee - HSE Advisor in Williston, ND
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Key Energy Services full-time (More than 3 years)

    Pros

    The best company to work for.

    Cons

    Laid off due to drop in oil price,


  2. "Love it key energy was one of the best company's I work for"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Floorhand in Lafayette, LA
    Former Employee - Floorhand in Lafayette, LA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Key Energy Services full-time (More than a year)

    Pros

    Really good people to work with made good money working for key energy wouldn't mind going back to work for them

    Cons

    Good company the hardest part was the weather some days it was cold some day it was hot but the good part was making good money

    Advice to Management

    Management was good always shot the works was good


  3. "supervisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Supervisor in Bakersfield, CA
    Former Employee - Supervisor in Bakersfield, CA

    Pros

    good 401 k and benefit plan

    Cons

    poor leadership and unorganized office help,

    Advice to Management

    change it


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Great People, Flawed Leadership"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative in Houston, TX
    Former Employee - Administrative in Houston, TX

    I worked at Key Energy Services (More than 5 years)

    Pros

    When everyone understood the goal and worked towards it, Key was on fire.

    Cons

    When communication failed, things fell apart. Communication should be able to happen up and down the chain. It did not happen.

    Advice to Management

    Management by quarterly results isn't leadership.


  6. "Good Work Environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Safety Focused, Supportive Management, Customer Driven, Diverse Workforce, Camaraderie within Departments.

    Cons

    No cons to share at this time.


  7. "Poorly Ran Company On All Levels......"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Roustabout Foreman in Sidney, MT
    Former Employee - Roustabout Foreman in Sidney, MT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Key Energy Services (More than a year)

    Pros

    They are currently in the process of preventing a full blown bankruptcy by allowing the largest bond holder of their debt ($700 million roughly, of $950 million total) a large majority ownership in the company. This may prevent a full blown bankruptcy, short term, whereby the debt holders could have forced the company into liquidation or forced sale of any remaining assets (workover rigs, buildings, properties, etc.) to cover those debts. What does this mean to the average hourly employee? It means you may show up one day to work and all the doors are locked....no prior warning or notice!

    Cons

    Many economists believe we are headed into a deeper recession in 2017 which will put additional stresses on the energy companies already hurting or carrying a high level of debt. There is a high probability that Key Energy goes bankrupt in the near future as oilfield demand for their services becomes even more competitive and others in the same business that are healthier financially cut costs even further as the recession deepens. Key has too much 'true debt' and besides their largest debt holder turned majority owner, it has a poor track record of increasing debt in a downturn market.

    Going forward, besides their majority shareholder, it will have extremely limited access to any additional funds from which to operate their day to day business from. And since the majority shareholder has already sunk $700 million into the company, it is doubtful they will be free with any remaining cash requests for ongoing day to day operational expenses. Expect an even greater cost cutting initiative to begin soon going forward. This means all non bills will be challenged and little to no pay raises for the foreseeable future (1 year minimum).

    Advice to Management

    Quit following the corporate offices wishes in terminating 'high cost' employees (higher hourly salaries, housing allowance) that are in fact your more qualified/safety minded/competent employees in order to hire in lower cost (lower hourly salaries, zero housing allowance), less qualified ones with a greater probability of higher long term costs (accidents/recordables, loss of customers, etc.) and over a policy not actively adhered to in certain areas of your business.


  8. "Good company, bad (former) management"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Environmental Director in Midland, TX
    Former Employee - Senior Environmental Director in Midland, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Key Energy Services full-time (More than 10 years)

    Pros

    At one time, Key was a great company. Unfortunately, past management and BoD pretty much ran this company into the ground. The current crises has less to do with the downturn than it does with a 10 year process of poor acquisitions and horrible business decisions. New management has a lot of challenges.

    Cons

    Company filed Chapter 11. What else do you really need to know? CEO listed below is incorrect. Alario has been gone for almost a year...best decision the BoD made the past 10 years.

    Advice to Management

    I wish the new management good luck.


  9. "Great Company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - SCM in Midland, TX
    Current Employee - SCM in Midland, TX
    Recommends
    Positive Outlook

    I have been working at Key Energy Services full-time (More than 10 years)

    Pros

    I work with a great bunch of people. safety is number one priority

    Cons

    Upper Management shift in personnel is always unsettling with employees


  10. Helpful (1)

    "Great company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Supervisor in Odessa, TX
    Current Employee - Supervisor in Odessa, TX
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Key Energy Services full-time (More than 10 years)

    Pros

    Great place to work and learn knowledge to carry with you throughout your careers. Lots of things to learn and be able to grow as an employee.

    Cons

    I don't have any cons to report. I have worked here for twenty five years and have grown in my different positions.


  11. "Drilling Manager"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Key Energy Services full-time (More than a year)

    Pros

    Competent management to work for.

    Cons

    Usual corporate policies and procedures.



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