Key Energy Services Reviews | Glassdoor

Key Energy Services Reviews

Updated October 30, 2016
23 reviews

Filter

Filter


2.0
Star Star Star Star Star
Rating Trends Rating Trends
Recommend to a friend
Approve of CEO
Key Energy Services President and CEO Robert Drummond
Robert Drummond
14 Ratings

23 Employee Reviews

Sort: Popular Rating Date

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. "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.


  2. "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.


  3. "Dispatcher"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - DISPATCHER/ACCOUNTS PAYABLE SPECIALIST in Giddings, TX
    Former Employee - DISPATCHER/ACCOUNTS PAYABLE SPECIALIST in Giddings, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    This used to be a good place to work until the management ran it into the ground

    Cons

    They have been laying employees off for the last year...I would not recommend working there.

    Advice to Management

    The Management is Terrible!!!


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


  5. "Expeditor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Houston, TX
    Former Employee - Anonymous Employee in Houston, TX
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Small to medium sized Company

    Cons

    Upper management needs to be more responsive to lower level management


  6. "Good place to work"

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

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

    Pros

    Employees are very friendly and easy to get along with. Good pay and decent hours for this type of job

    Cons

    Management needs to listen to employees and deal with the everyday problems with vendors and equipment

    Advice to Management

    Get the right people in place to have a better handle on your business. As managers you have the responsibility of taking care of the company but also all your employees


  7. "Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Sugar Land, TX
    Current Employee - Manager in Sugar Land, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Key Energy Services (More than 3 years)

    Pros

    Ability to learn in multiple departments to complete daily tasks.

    Cons

    Company has no direction and excessive cronyism.

    Advice to Management

    Stop placing fishing buddies and "yes" men with no creativity in leadership positions.


  8. "Executive Assistant / Office Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Assistant/Office Manager in Houston, TX
    Former Employee - Executive Assistant/Office Manager in Houston, TX
    Disapproves of CEO

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

    Pros

    Location perfect. Employees very nice.

    Cons

    Very slow in processing work. Always told it was the Key way of doing things.


  9. Helpful (1)

    "Senior Sales Professional"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Sales Representative in Lafayette, LA
    Former Employee - Senior Sales Representative in Lafayette, LA
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Good operations for most part

    Cons

    Horrible Business Development leadership. Promotions come from being friends with managers rather than merit.

    Advice to Management

    Stop the politics in management and get rid of current BD leadership team.


  10. "unorganized and disfunction"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I have been working at Key Energy Services full-time

    Pros

    Good pay, some good people.

    Cons

    Dissconnect between corporate and the marketplaces causes confusion and low morale.


  11. "Poor Management"

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

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

    Pros

    Interview and hiring processes were quick and easy. I have to come up with a few more words, but can't think of anything else positive.

    Cons

    Once hired, I was immediately re-organized under a new Director. Job role changed and was not what I was hired on to do. Given poor review for not performing medial tasks that were not in the original job description.

    Advice to Management

    Protect your employees well being. Provide them the opportunity to evolve their roles and not force them into lesser roles.



Showing 23 of 119 reviews
Reset Filters