FORT WORTH, Texas, Sept. 24, 2018 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic" or the "Company") today announced that its Board of Directors has unanimously declined an unsolicited proposal from Key Energy Services, Inc. (NYSE: KEG) ("Key") to combine with Key in a stock-for-stock transaction.

After a careful review, conducted in consultation with its advisors, the Company's Board of Directors unanimously concluded that the proposal is not in the best interests of Basic and its stockholders. 

Below is the text of a letter that was sent today by Tim Day, Chairman of the Board of Basic, to Robert J. Saltiel, President and Chief Executive Officer of Key.

September 24, 2018

Mr. Robert J. Saltiel
President and Chief Executive Officer
1301 McKinney
Suite 1800
Houston, Texas 77010

Dear Mr. Saltiel:

     This letter is in response to your letters dated September 20, 2018 and September 23, 2018 indicating Key Energy Services' interest in combining with the company.  I have shared the correspondence with the company's board, and the board has discussed it.  The company will continue to pursue its independent strategy to maximize stockholder value and is not interested in pursuing the proposed transaction.

Sincerely,

Timothy Day
Chairman, Basic Energy Services, Inc.

About Basic Energy Services
Basic Energy Services provides well site services essential to maintaining production from the oil and gas wells within its operating area. The Company employs more than 4,100 employees in more than 100 service points throughout the major oil and gas producing regions in Texas, Louisiana, Oklahoma, New Mexico, Arkansas, Kansas, and the Rocky Mountain and Appalachian regions. Additional information on Basic Energy Services is available on the Company's website at www.basicenergyservices.com.

Safe Harbor Statement
Statements made in this press release and in the presentation, may include forward-looking statements and projections made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Basic has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete. However, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release and the presentation, including our ability to successfully execute, manage and integrate acquisitions, reductions in our customers' capital budgets, our own capital budget, limitations on the availability of capital or higher costs of capital, and lower commodity prices. While Basic makes these statements and projections in good faith, neither Basic nor its management can guarantee that the transactions will be consummated or that anticipated future results will be achieved. Basic assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by Basic, whether as a result of new information, future events, or otherwise.

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SOURCE Basic Energy Services, Inc.

DENVER, Aug. 9, 2018 /PRNewswire/ -- The 23^rd annual EnerCom conference will deliver the best of the industry to the Denver Downtown Westin Hotel on Aug. 19-22, 2018.

The publicly-traded energy companies at the 2018 EnerCom conference represent a combined enterprise value of more than $275 billion of assets and operations in the U.S. and Canadian shale plays, the Gulf of Mexico, international exploration, plus oilfield service and technology companies.

Conference attendees have a rare opportunity to hear operational and development strategies from several private operators and expert panels that will discuss conventional and unconventional E&P operations, midstream challenges, developing and managing oil and gas operations internationally, and how oil companies can take part in Mexico's energy reform.

Among the private oil companies making presentations at the conference is Anschutz Exploration, a large operator with assets in the Powder River and Washakie Basins of Wyoming, the Piceance and DJ Basins of Colorado and the Unita Basin of Utah.

Other private E&Ps making company presentations include Permian producer Felix Energy and Powder River and Green River Basin operator Samson Resources II.

Panels bring energy industry insight

Private Company Panel

• Great Western Oil & Gas – DJ Basin
• Bison Oil & Gas – DJ, San Juan, Powder River Basin
• Caerus Oil & Gas – Piceance Basin
• Fleur de Lis Energy, LLC – Barnett, Mississippi, Permian, Green River, Salt Creek

Midstream Panel
Sponsored by Energy Intelligence

• Tailwater Capital – middle market private equity firm, strong focus on midstream energy
• Blue Racer Midstream – midstream services and marketing in the Utica
• Plains All American Pipeline, L.P. – large crude oil and liquids midstream provider

Oil & Gas in Mexico Panel
Sponsored by TGS

• Talos Energy Inc. – Gulf Coast region and Gulf of Mexico offshore operations
• International Frontier Resources – drilling the Tecolutla Block onshore Mexico
• Mexican Commission National Hydrocarbons (CNH) – Mexico's national oil and gas regulator

International Panel

• Jadestone Energy, Inc. – Asia Pacific E&P
• Valeura Energy Inc. – Canadian E&P with principal operations in Turkey
• GeoPark – Latin oil and gas company developing assets in Chile, Colombia, Brazil, Peru and Argentina

Who Attends the Conference: More than 2,000 institutional, private equity and hedge fund investors, energy research analysts, retail brokers, trust officers, high net worth investors, investment bankers and energy industry professionals gather in Denver for the conference.

One-on-One Meetings:  EnerCom works in advance with presenting company management teams to arrange one-on-one meetings with the attending institutional investors and research analysts at the conference venue. In 2017, EnerCom managed more than 2,100 one-on-one meeting requests. Buyside investors may request meetings on the conference website or contact EnerCom for more information at 303-296-8834.

How to Register:  Investment professionals and oil and gas companies can register for the event through the conference website. 

2018 Presenting Companies: The Oil & Gas Conference® 2018 presenting companies consist of the following:

• 42 North American shale E&Ps
• 7 international E&Ps
• 10 other producers including EOR
• 1 large midstream oil and NGLs shipper
• 1 LNG export project under development
• 9 oilfield service and technology providers
• 19 private E&Ps, midstream, oilfield tech and data providers, energy market experts and private equity firms
• $220+ billion in market value
• 3.2 million barrels of oil equivalent production per day (MMBOEPD)
• 5 million barrels of crude oil/NGLs handled daily via 19,000 miles of crude/liquids pipelines, 100 million barrels of storage capacity and 10,000 rail cars
• $275+ billion in enterprise value

Looking at basin and sector, the 2018 EnerCom conference presenting companies and companies participating in panels break out as follows (list is subject to change prior to the conference– please refer to The Oil & Gas Conference website for an updated schedule of presenting companies):

Exploration & Production and Other Energy Companies by Focus Area and Sector

Bakken/Three Forks

• Enerplus Corp. (NYSE: ERF): E&P operating in the Bakken/Three Forks, Marcellus and Western Canada.
• Northern Oil & Gas (NYSE: NOG): Non-operator targeting the Bakken/Three Forks.
• Whiting Petroleum (NYSE: WLL): Bakken-focused operator with additional northeast Colorado assets.

Eagle Ford

• EOG Resources (NYSE: EOG): Large independent E&P producing the Delaware, Woodford, Eagle Ford, and Rocky Mountains – Q1 Revenues of $3.7 Billion; production of 660 MBOEPD
• Lonestar Resources (NASDAQ: LONE): Eagle Ford E&P with acreage throughout the play.
• SilverBow Resources (NYSE: SBOW): Gas-focused producer targeting southern Eagle Ford.
• Sundance Energy Australia (NASDAQ: SNDE): Pure-play Eagle Ford producer.
• WildHorse Resource Development (NYSE: WRD): Northern Eagle Ford operator with basin's second-largest acreage holdings.

Permian Basin

• Centennial Resource Development (NASDAQ: CDEV): Pure play Delaware Basin E&P company.
• Encana (NYSE: ECA): Diversified E&P company with operations in the Permian, Montney, Eagle Ford, Duvernay and San Juan Basin.
• Earthstone Energy (NYSE: ESTE): E&P company with operations in the Midland and Eagle Ford.
• Jagged Peak (NYSE: JAG): Pure play Delaware Basin operator.
• Legacy Reserves (NASDAQ: LGCY): MLP with assets in the Permian, East Texas, Rocky Mountains and Mid-Continent.
• Lilis Energy (NYSE: LLEX): Pure play Delaware Basin operator.
• QEP Resources (NYSE: QEP): Midland Basin player with additional acreage in Williston, Uinta and Haynesville.
• Rosehill Resources (NASDAQ: ROSE): Pure play Delaware Basin operator.
• SM Energy (NYSE: SM): Midland Basin producer with additional Eagle Ford operations.
• WPX Energy (NYSE: WPX): Delaware basin E&P company with additional extensive production from Williston.

Woodford & Other Mid-Continent – SCOOP/STACK

• Alta Mesa Resources (NASDAQ: AMR): E&P with operations in STACK portion of Anadarko Basin.
• BNK Petroleum (TSE: BKX): E&P with operations in Tishomingo Field of SCOOP portion of Ardmore Basin.
• Chaparral Energy (OTCMKTS: CHPE): Pure play STACK E&P company.
• Midstates Petroleum (NYSE: MPO): E&P producing from Mississippi Lime in Oklahoma.
• Panhandle Oil & Gas (NYSE: PHX): Leaseholder with interests in SCOOP/STACK, Oklahoma Woodford, Fayetteville and Eagle Ford.
• Unit Corp (NYSE: UNT): Vertically integrated energy company with drilling, producing and midstream businesses. Production in Mid Continent and Upper Gulf Coast.

Marcellus/Utica

• Cabot Oil & Gas (NYSE: COG): Pure play Marcellus E&P company.
• Eclipse Resources (NYSE: ECR): Appalachia-focused E&P company with assets in eastern Ohio.
• Range Resources (NYSE: RRC): Pennsylvania Marcellus producer with additional North Louisiana acreage.

Niobrara

• Bonanza Creek Energy (NYSE: BCEI): Wattenberg field, Mid-Continent producer
• HighPoint Resources (NYSE: HPR): Rocky Mountains-focused E&P with operations in the Wattenberg and Hereford fields.
• PDC Energy (NASDAQ: PDCE): Liquids-focused E&P in the DJ/Niobrara and Delaware basins.
• PetroShare (OTCMKTS: PRHR): Wattenberg producer active in southern portion of field.

Gulf of Mexico/Offshore

• GulfSlope Energy (OTCMKTS: GSPE): Louisiana offshore Gulf company, partnered with Delek for drilling new wells.
• Talos Energy (NYSE: TALO): E&P operator with focus on Louisiana Gulf of Mexico, additional properties in U.S. and Mexican GOM.

Haynesville

• Goodrich Petroleum (NYSE: GDP): E&P company with operations in the Haynesville and Tuscaloosa Marine Shale.

Enhanced Oil Recovery

• Denbury Resources (NYSE: DNR): CO2 EOR production with activity in the Gulf Coast and Rocky Mountains.
• Elk Petroleum (ASX: ELK): CO2 EOR company with operations in Wyoming and Utah.
• Evolution Petroleum (NYSE: EPM): CO2 EOR production company. Pays a dividend.
• Mid-Con Energy Partners (NASDAQ: MCEP): CO2 EOR company with production in the Permian and Mid-Continent.

Canadian E&Ps

• Advantage Oil & Gas (NYSE: AAV): E&P focused on Montney formation in Alberta.
• Bellatrix Exploration (NYSR: BXE): E&P focused on the Western Sedimentary Basin in Alberta, Canada.
• Gear Energy (TSE: GXE): E&P operating heavy oil projects in Saskatchewan and light oil in Alberta.
• International Frontier Resources (TSX-V: IFR): E&P focused on operations in the Tecolutla block, onshore Mexico.
• Iron Bridge Resources (TSE: IBR): Developing an oil and liquids rich Montney resource at Elmworth/Gold Creek.
• NuVista Energy (TSE: NVA): Alberta-based operator focused on Wapiti Montney play.
• Painted Pony Energy (TSE: PONY): E&P producing natural gas from British Columbia Montney.
• Razor Energy (CVE: RZE): Alberta oil producer targeting Swan Hills and Kaybob Montney.
• Tamarack Valley Energy (TSE: TVE): Light oil producing E&P developing Cardium, Viking and Penny Barons plays.
• Vermilion Energy (NYSE: VET): E&P with extensive international diversification. Operations in Mannville, Cardium, Powder River Basin, offshore Australia and throughout Europe.

International E&Ps

• Alvopetro Energy (CVE: ALV): Gas-weighted E&P with operations in Brazil.
• Canacol Energy (TSE: CNE): Exploration portfolio encompassing 5 basins in Colombia and Ecuador.
• GeoPark Energy (NYSE: GPRK): International E&P with projects in Colombia, Argentina, Brazil, Chile and Peru.
• Gran Tierra Energy (NYSE: GTE): Oil-weighted E&P company with assets in Columbia.
• Jadestone Energy (CVE: JSE): E&P company with assets in Australia, Indonesia, Vietnam and Philippines.
• PetroTal (CVE: TAL): Canadian E&P company with assets in Peru.
• Valeura Energy (TSE: VLE): Canada-based company developing gas in Turkey.

LNG Export Projects

• Tellurian (NASDAQ: TELL): Houston-based LNG exporter and marketer founded by Charif Souki and Martin Houston. Tellurian's initial LNG export project (now under development) is Driftwood LNG near Lake Charles, La.

Oilfield Service Companies

• CES Energy Solutions (TSE: CEU): Provider of chemical solutions in drilling, production and specialty applications.
• Core Laboratories (NYSE: CLB): Reservoir technology and optimization company.
• EcoStim Energy Solutions (NASDAQ: ESES): Well stimulation operations in Oklahoma and Argentina.
• Flotek Industries (NYSE: FTK): Chemical solutions provider with additional reservoir characterization and engineering services.
• Independence Contract Drilling (NYSE: ICD): Drilling company focused on unconventional drilling.
• Key Energy Services (NYSE: KEG): Well service provider with rigs, coiled tubing, fishing and fluid management.
• Liberty Oilfield Services (NYSE: LBRT): Pressure pumping service provider.
• Nabors Industries (NYSE: NBR): Owns/operates world's largest land-based drilling fleet, also provides offshore drilling services, proprietary drilling software and specialty equipment.
• Superior Drilling Products (NYSE: SDPI): Drilling tool provider.

Midstream

• Plains All American Pipeline (NYSE: PAA): midstream energy infrastructure and logistics services for crude oil, natural gas liquids and natural gas.

Mineral, Royalty, Infrastructure Holders, Acquisition Companies

• Black Stone Minerals (NYSE: BSM): Holds 20 million gross acres throughout the U.S., with holdings in every major basin.
• CorEnergy Infrastructure Trust (NYSE: CORR): REIT owning energy infrastructure assets.
• Osprey Energy Acquisition Corp. (NASDAQ: OSPR) energy-focused special purpose acquisition corporation; completed $275 million IPO July 2017.

Private Companies – E&Ps, Midstream, Energy Data and Technology, Energy Capital, Government Energy Agencies

• Ameredev II
• Anschutz Exploration
• Bison Oil & Gas
• Blue Racer Midstream
• BTU Analytics
• Caerus Oil and Gas
• Canyon Creek Energy
• CIBC
• Comisión Nacional de Hidrocarburos (CNH)
• Credit Agricole CIB
• U.S. Energy Information Administration
• Felix Energy
• Fleur de Lis Energy
• Goodnight Midstream
• Great Western Oil & Gas
• GuildOne
• RS Energy
• Samson Resources II
• Tailwater Capital

A work-in-progress schedule of the 2018 presenting companies is posted on the conference website and is regularly updated.

Sponsors of The Oil & Gas Conference®

EnerCom History and Sponsors: EnerCom, Inc. founded The Oil & Gas Conference® in 1996. It is the oldest and largest independent energy investment conference in Denver.

Global sponsors of EnerCom's conferences are Netherland, Sewell & Associates; RS Energy Group; Moss Adams; and Preng & Associates. 

Sponsors of The Oil & Gas Conference® 23 are Bank of America Merrill Lynch; AssuredPartners; DNB Bank ASA; Fifth Third Bank; CIBC; Haynes and Boone; Credit Agricole CIB; Natixis; PJ SOLOMON; PNC Financial Services Group; Wells Fargo; MUFG; SMBC; Opportune LLP; Petrie Partners; EnergyNet; McGriff, Seibels & Williams, Inc.; Energy Intelligence; and TGS.

About EnerCom, Inc.

Since 1994 EnerCom, Inc. has developed into a nationally recognized oil and gas-focused investor relations consultancy advising oil and gas industry clients on corporate strategy, asset valuations, investor communications, media relations and providing visual communications design. 

EnerCom offers services and produces and publishes numerous data products and external communications tools for public and private energy companies including:

• peer group company valuations that are specific to the oil and gas industry;
• corporate annual reports, oil and gas company websites, custom stratigraphic and subsurface illustrations; company investor presentations; sustainability reports;
• complete digital marketing services and lead capture for oilfield services and technology companies;
• EnerCom's Monthly Oil & Gas Industry Data & Trends Report;
• Profile company listings and advertising opportunities in Oil & Gas 360® - one of the industry's most popular online daily news portals; and
• EnerCom 360 - the online magazine.

EnerCom's professionals have more than 170 years of industry and business experience and a proven track record of success.

Headquartered in Denver, with senior consultants in Dallas and Houston, EnerCom uses the team approach for delivering its wide range of services to public and private companies, large and small, operating in the global exploration and production, OilService, capital markets, and associated advanced-technology industries.

EnerCom's upcoming oil and gas investment conferences include:

EnerCom Denver (The Oil & Gas Conference®) – August 19-22, 2018
EnerCom Dallas – Feb. 27-28, 2019

For more information about EnerCom and its services, please visit http://www.enercominc.com/ or call +1 303-296-8834 to speak with the management team or one of our consultants.

About Netherland, Sewell & Associates, Inc.

Netherland, Sewell & Associates, Inc. (NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world. They provide reserves reports and audits, acquisition and divestiture evaluations, simulation studies, exploration resources assessments, equity determinations, and management and advisory services. For a complete list of services or to learn more about Netherland, Sewell & Associates, Inc. please visit www.netherlandsewell.com.

For more information about NSAI, call C.H. (Scott) Rees, Chief Executive Officer, at 214-969-5401 or send an email to info@nsai-petro.com.

About RS Energy Group

RS Energy Group (RSEG) provides data-driven intelligence: evaluate assets, weigh valuable M&A opportunities and benchmark your business for more precise decision-making.

RSEG officially released its data solution in April 2017. RS Data™ provides clients with corrected, multi-sourced permit, completion and production data of unparalleled completeness and quality.

Today, RSEG's intelligence covers more than 150 companies operating in every key North American and many international energy plays with a powerful combination of practical insights at the asset level and a long-standing participation in capital markets. RSEG's independent, unbiased and accurate analysis forms a foundation of trust with its clients. Its collaborative approach, both internally and as an extension of its clients' research efforts, promotes innovation and fosters intimate, long term partnerships.

RS Energy Group (RSEG) is headquartered in Calgary, Alberta, with strategic locations in Houston, New York City, Philadelphia, San Francisco and Los Angeles. Contact RS Energy Group by phone at (403) 294-9111, or email info@rseg.com.

About Moss Adams LLP

For more than 30 years, Hein & Associates has been recognized throughout the industry as a leading oil and gas accounting and advisory firm. In late 2017, Hein combined with Moss Adams LLP, one of the largest accounting, consulting and wealth management firms in the nation, creating a $600 million middle-market accounting/tax/audit leader in the western U.S. with a strong oil & gas practice group.

With more than 2,900 professionals and staff across more than 25 locations in the West and beyond, Moss Adams works with many of the world's most innovative companies and leaders. Our strength in the middle market enables us to advise clients at all intervals of development—from start-up, to rapid growth and expansion, to transition. Today, we help over 2,300 companies doing business in more than 100 countries and territories.

For more information, please contact Joe Blice, Partner, National Practice Leader, Oil & Gas, CPA joe.blice@mossadams.com, (972) 687-7818.

Moss Adams LLP provides details at https://www.mossadams.com/home .

About Preng & Associates

Preng & Associates, founded in 1980, is the only retainer-based, international executive search firm specializing solely in the energy industry. Its number one priority is to assist clients with their executive selection, organization development, and human resource needs by providing the highest quality service. Preng's record of accomplishment is directly attributable to their experienced staff, worldwide network of industry contacts, proven search methodology, and high standards of professionalism. Preng has conducted over 3000 searches for board, executive, management, and professional positions in its 35-year history and has the highest success and repeat client track record.

Preng's practice is based on the premise that the search process is most effective when conducted by professionals with significant search industry experience. The company has earned a reputation for combining professional search disciplines with an in-depth industry and market understanding and has succeeded in some of the industry's most challenging and high-profile searches. Preng's international reach allows it to effectively conduct global engagements; and as a member of the Association of Executive Search Consultants, Preng practices and promotes its high standards of conduct and professionalism.

For more information about Preng & Associates, contact Charles Carpenter, Partner at 713-243-2610 or ccarpenter@preng.com.

About Bank of America Merrill Lynch

Bank of America Merrill Lynch Oil and Gas Group

The Bank of America Merrill Lynch (BofAML) Oil and Gas practice is comprised of a global team of bankers dedicated to covering the energy industry, dating back to the 1920s when Texas predecessor banks pioneered reserve-based lending.  The practice includes an experienced in-house Petroleum Engineering team with over 150 years of combined experience. With one of the only full-service financial energy platforms in the industry, the BofAML oil and gas team manages significant capital commitments in the energy sector with dedicated bankers based in Calgary, Denver, Dallas, Houston, London and New York.

The BofA Merrill Lynch Global Research platform offers clients access to information and actionable ideas on stocks, bonds, economics and investment strategies. With approximately 700 analysts in more than 20 countries, we offer our clients knowledge about economic and business developments that are having an impact on the markets, so that they can work with their financial advisors to make the most of opportunities.  BofA Merrill Lynch Global Research was ranked No. 1 for the fourth consecutive year on the 2014 list of Top Global Research Firms, Institutional Investor. 

About AssuredPartners

AssuredPartners Colorado (AP CO) combines 30+ years of experience with leading-edge products to provide exceptional service and value to our customers. We provide a full range of brokerage services including employee benefits, property and casualty, and retirement. Headquartered in Colorado, we think globally but act locally, with personal services designed specifically for each individual client. AP CO utilizes resources with national networks of brokers to ensure we can meet your every need and find answers to your questions quickly and efficiently.

Our goal is to achieve a long-term relationship focused on bringing value to your employee benefits management and insurance programs. We are committed to utilizing our collective talent to support your insurance goals. We work to identify activities that drive claim frequency, and implement an action plan to control health care costs and promote a healthy work environment for your employees. Securing the best insurance package for your business begins with planning. Analyzing all your risks is critical to successful implementation of your insurance plan. AP CO will partner with you by providing ongoing assistance, consultation and service that will help you control your insurance expenses, choose the best plan to fit your company's needs and promote health care consumerism.

For more information on Assured Partners, please visit the website, call (800) 322-9773 or email info@assuredptrco.com.

About DNB ASA

DNB is Norway's largest financial services provider, with total assets approaching $400 billion. The bank has for years been a major provider of capital to the oil & gas industry, growing up literally side by side with the highly prolific fields developed in the Norwegian Sector of the North Sea. The Oslo Energy Office maintains a global financing strategy, and serves this market through multiple offices around the world including Houston, London and Singapore.

Energy Americas, based in Houston, comprises approximately 20 seasoned energy finance professionals. Aside from facilitating the bank's global business strategies, the office concentrates primarily on serving middle market and larger customers in the four principal oil & gas sectors — upstream, midstream, downstream and service — as well as in Power and Renewables. The bank offers a variety of financial products, from traditional oil & gas reserve financing, to longer-term capital markets transactions and merger/acquisition advisory services through its broker-dealer arm, DNB Markets, Inc. Ancillary service capabilities include cash management/depository services, as well as commodity and interest rate hedging.

For information on DNB's energy services, please visit the DNB energy website.

About Fifth Third Bancorp

Fifth Third Bank is a diversified financial services company with over $120 billion in assets. The Bank's energy group is comprised of experienced and knowledgeable individuals that can assist in providing and structuring financial solutions to meet their clients' needs across the upstream, midstream, downstream and services sectors. Solutions and capabilities include commodity hedging, interest rate management, foreign exchange, debt capital markets, treasury management, and depository/investment products.

For more information, please contact Richard Butler at 713-401-6101 or richard.butler@53.com.

About CIBC

CIBC is a leading North American bank headquartered in Canada and with offices around the world. CIBC was originally founded nearly 150 years ago, and has supported and financed the energy industry for many decades. CIBC was recently ranked as the strongest publicly traded bank in North America by Bloomberg, and is rated A+/Aa3 by S&P and Moody's, respectively.

Our energy specialists draw on the breadth of CIBC's capabilities to provide market insights and creative solutions for our clients. Services include corporate banking, commodity and interest rate hedging and strategy, A&D advisory, and capital markets.

CIBC is publicly traded on the NYSE and Toronto Stock Exchange under the symbol "CM" and has a market cap of $36 billion and nearly $400 billion in total assets. For more information, please visit the CIBC energy website.

About Haynes and Boone

Haynes and Boone, LLP is an energy-focused corporate law firm, providing a full spectrum of legal services to our clients across the oil and gas industry, including the upstream, midstream, and downstream sectors. We serve energy clients from our offices in Texas, Colorado, New York, California, Washington, D.C., London, Mexico City and Shanghai. We work as a team representing U.S. and foreign public and private companies engaged in the dynamic day-to-day work of finding and extracting oil and gas, and the banks, investment funds and other investors that support them.

Our team of more than 100 energy lawyers and landmen understands the U.S. and international physical and financial energy markets, and the firm has been helping operators and lenders complete some of the largest financings and M&A transactions in recent years. With more than 600 attorneys, Haynes and Boone is ranked among the largest law firms in the nation by The National Law Journal, and our energy lawyers have been ranked by publications such as Best Lawyers in America, Chambers and Partners and Who's Who in Energy.

For more info, please visit www.haynesboone.com.

About Crédit Agricole Corporate and Investment Bank

Crédit Agricole Corporate and Investment Bank is the corporate and investment banking arm of the Crédit Agricole Group, the world's eighth largest bank by total assets (The Banker, July 2014). Crédit Agricole CIB offers its clients a comprehensive range of products and services in capital markets, brokerage, investment banking, structured finance, corporate banking, and international private banking.

The Bank provides support to clients in large international markets through its network, with a presence in major countries in Europe, the Americas, Asia and the Middle East.

With headquarters in New York City, and U.S. offices in Houston and Chicago, Credit Agricole CIB Americas offers its corporate and institutional clients financial products and services and made-to-order structuring, origination and distribution, through both its banking unit Credit Agricole CIB, and the full-service broker-dealer Credit Agricole Securities (USA) Inc., which is a member of the NYSE and NASD.  Credit Agricole CIB is also present in Montreal, Canada, and in Latin America with offices in Argentina, Brazil, and Mexico.

The Energy Industry represents the single largest concentration of industry exposure at Credit Agricole Corporate and Investment Bank, whose specialty focus dates back over 100 years. Our Energy practice for North America, located in Houston, focuses on all segments of the business and covers it on a truly global basis.

For more information, visit www.ca-cib.com.

About Natixis

Natixis is the international corporate and investment banking, asset management, insurance and financial services arm of Groupe BPCE, the second-largest banking group in France.

Natixis Corporate & Investment Banking advises and assists corporations, financial institutions, institutional investors, financial sponsors, public-sector organizations and the networks of Groupe BPCE.

We furnish a diversified array of financing solutions, provide access to capital markets and transaction banking services.

Areas of expertise include Advisory: M&A, primary equity, capital & rating advisory; Financing: vanilla and structured; Capital Markets: equities, fixed income, credit, forex and commodities; Global Transaction Banking: trade finance, cash management, liquidity management and correspondent banking; Research: economic, credit, equity and quantitative.

The Bank leverages the expertise and highly technical skills of its teams, and provides industry-recognized research to build innovative and mix-and-matchable solutions. Corporate and Investment Banking is present on the main financial markets via three international platforms: Americas, Asia-Pacific, and EMEA (Europe, Middle East, Africa).

About PJ SOLOMON

PJ SOLOMON is an investment banking advisory firm that provides strategic advisory services to chief executive officers and senior management, owners of public and private companies, boards of directors, and special committees.

Our full suite of advisory services includes Mergers and Acquisitions, Restructuring and Capital Markets across a range of industry verticals.

The PJ SOLOMON Energy Advisory Group provides strategic investment banking advisory services to public and private clients across the energy chain. Drawing upon our extensive sector relationships and deep strategic and operational expertise, we can offer a unique and valued advisory platform for the upstream, upstream A&D, midstream and the utility sectors.

Based in our Houston office, the PJ SOLOMON Energy team holds more than 100 years of experience on a broad range of domestic and cross-border transactions including mergers and acquisitions, A&D, restructurings, bankruptcies, and public and private capital raisings.

Industry sectors/sub-sectors include: Upstream, Upstream A&D, Midstream, Energy related and Utilities.

About PNC Financial Services Group

PNC is one of the largest, best-regarded and best-capitalized financial services companies in the country, with approximately $325 billion in assets and offices in 33 states, Canada and the United Kingdom.

PNC's Energy Group, headed by Tom Byargeon, is a significant capital and service provider to energy companies, with approximately $6.5 billion in commitments to the industry. The Energy office in Houston houses a team with extensive experience and deep relationships across the entire energy supply chain. This group also offers strategic corporate finance advice and delivers PNC's comprehensive set of solutions and capabilities, including commodity and interest rate hedging, debt capital markets, loan syndications, treasury management, asset securitization, equipment finance and institutional investments.

For more information, please contact Tom Byargeon at 713-353-8782 or tom.byargeon@pnc.com. You can also visit www.pnc.com.

About MUFG

Mitsubishi UFJ Financial Group (MUFG) has been a leading provider of banking services to the oil and gas industry in the Americas for more than 30 years, consistently ranking in the Top 10 Lead Arrangers and Top 10 Bond Arrangers in the Thomson Reuters Oil and Gas League Tables.

We support clients across the industry—from regional exploration and production to global diversified services companies—that benefit from our focused approach, strong execution, and customized services. Whether you are looking to expand existing reserves, make an acquisition, or streamline operations, we can support your growth with services, including: underwriting and syndications; U.S./Canadian cross-border funding; securities underwriting and placements; leasing and tax equity financing; and commodities, interest rate, and foreign exchange risk management. 

For more information, visit: www.mufgamericas.com/oil-gas.

About Wells Fargo & Company

Wells Fargo & Company is a nationwide, diversified, community-based financial services company providing banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy.

The Energy Banking Group, headed by Bart Schouest, provides corporate banking products and services to the energy sector, including upstream, midstream, oilfield services, and diversified industries. With offices in Houston, Dallas, Denver, Calgary, and Aberdeen the group's success is driven by in-depth industry expertise and longstanding relationships with key industry participants. The group has over $45 billion of credit commitments to public and private companies across the upstream, midstream, downstream, services, and power and utilities sectors.

The Energy & Power Investment Banking Group, headed by James Kipp, provides strategic advisory and corporate finance expertise to energy and power clients, including upstream, midstream, oilfield services, downstream, coal and the power & utilities sectors. Areas of focus include equity, equity-linked and debt underwritings, private placements, syndications, and mergers and acquisitions. The Energy & Power Investment Banking Group has offices in Houston and Charlotte.

These teams work together to offer clients industry and product expertise, in addition to sharing their understanding of internal and external forces that drive both industry trends and financial markets. For additional information, contact us at 713-319-1350 or Energy@wellsfargo.com.

To learn more about Wells Fargo & Company, please visit the company's web site at www.wellsfargo.com.

About SMBC

Sumitomo Mitsui Banking Corporation (SMBC) is a core member of Sumitomo Mitsui Financial Group (SMFG), a Tokyo-based bank holding company that is ranked among the largest 25 banks globally by assets under management.

SMBC Americas Division, with more than 2,500 employees, oversees operations in the U.S., Canada, Mexico, and South America. We work across SMFG to offer corporate and institutional clients sophisticated and comprehensive financial services around the globe.

SMBC's roots in Japan trace back more than 400 years to 1590. The Americas Division of SMBC has more than a century of experience in the United States, beginning when the San Francisco branch of Sumitomo Bank was established in 1919. Sumitomo Mitsui Financial Group (NYSE: SMFG) was listed on the New York Stock Exchange in 2010.

For more information please visit the corporate website: www.smbcgroup.com/americas/group-companies/

About Opportune LLP

Founded in 2005, Opportune is a leading global energy consulting firm specializing in adding value to clients across the energy industry, including upstream, midstream, downstream, power and gas, commodities trading and oilfield services.

Since we are not an audit firm, we are advocates of our clients and are not subject to the restrictions placed on other firms by regulatory bodies. Using our extensive knowledge of all sectors of the energy industry, we work with clients to provide comprehensive solutions to their operational and financial challenges. 

Our practice areas include complex financial reporting, dispute resolution, enterprise risk, outsourcing, process and technology, reserve engineering and geosciences, restructuring, strategy and organization, tax, transactional due diligence and valuation. Opportune LLP is not a CPA firm.

Opportune's corporate headquarters are in Houston, Texas. The firm also has offices in Dallas, Denver, New York City, Tulsa, and the UK. For more information please call Ashley Hunt, Marketing Coordinator,

713.490.5050 and visit the web site https://opportune.com/.

About Petrie Partners, LLC

Petrie Partners, LLC is a boutique investment banking firm offering financial advisory services to the oil and gas industry. We provide specialized advice on mergers, divestitures and acquisitions and private placements.

The firm was formed in 2011 (as Strategic Energy Advisors) by senior bankers formerly with Bank of America Merrill Lynch and Petrie Parkman & Co., an investment bank that built a reputation as a most trusted advisor to energy clients during the nearly two decades leading up to its merger into Merrill Lynch in 2006.

Through tenure with Petrie Parkman, Merrill Lynch and Bank of America Merrill Lynch, the senior members of the Petrie team bring to bear an average of more than 25 years of energy investment banking experience, including over 300 energy M&A and capital raising transactions representing over $350 billion of aggregate consideration.

For information about the firm, please visit www.petrie.com or call the firm's Denver office (303.953.6768) or the Houston office (713.659.0760).

About EnergyNet

EnergyNet is the only continuous oil and gas auction and sealed bid transaction service that facilitates the sale of producing working interests (operated and non-operated), overrides, royalties, mineral interests, and non-producing leasehold. EnergyNet is a continuous oil and gas property marketplace with due diligence and bidding available 24/7/365, where auctions and sealed bid packages close weekly. Most of the properties EnergyNet sells are located in the lower 48 United States and typically range in value from $1,000 to $100,000,000.

Details about how to buy and sell oil and gas properties using the EnergyNet online auction service are available on the website at https://www.energynet.com/.

About McGriff, Seibels & Williams, Inc.

McGriff, Seibels & Williams is one of the most progressive insurance brokerage firms in the United States, leading the way with innovative programs to protect clients' financial interests. Services include construction risk, energy and marine, surety, employee benefits and financial services. McGriff's Energy & Marine Division offers specialty services for clients with worldwide operations and potentially catastrophic exposures. Our expertise in this niche industry has made us one of the largest independent energy brokers in the U.S. and one of the top five energy brokers worldwide.

Our client base includes more than 50 electric/gas utility and merchant energy companies, several coal mining companies, and more than 70 E&P companies. It also includes the Strategic Petroleum Reserve and numerous oilfield service companies, including vessel operators, offshore drilling companies, and international marine construction companies.

We will structure and implement a domestic or foreign program for virtually any type of energy-related risk. We have more than 125 professionals in our energy division. Using alternative risk transfer and traditional insurance solutions, we determine the appropriate combination of coverage and risk assumption.

Please contact the company through the website or by calling 800 476 - 2211.

About Energy Intelligence

Energy Intelligence has been a leading independent provider of objective insight, unbiased analysis and reliable data for over 60 years. With offices in New York, London, Houston, Dubai, Moscow, Washington, Singapore and Brussels, we provide decision-makers with critically important information on issues and events affecting the global energy complex.

Our benchmark Information Services, Petroleum Intelligence Weekly, Oil Daily, Natural Gas Week, World Gas Intelligence and Energy Compass, are produced by highly experienced journalists, and our research reports and advisory services are provided by highly regarded analysts and economists.

Information on Energy Intelligence is available at the company website: https://www.energyintel.com/pages/non-subscriber.aspx

About TGS

TGS was founded in Houston in 1981 and over time built the dominant 2D multi-client data library in the Gulf of Mexico. The company expanded further into North America and West Africa and added a substantial 3D portfolio in the Gulf of Mexico.

Also in 1981, NOPEC was founded in Oslo and began building an industry-leading multi-client 2D database in the North Sea, with additional operations in Australia and the Far East. In 1997, NOPEC went public on the Oslo Stock Exchange. In 1998, the companies merged to form TGS-NOPEC Geophysical Company (TGS), creating a winning combination for investors, customers and employees. Since then, TGS has set the standard for geoscientific data around the world. 

Additional information is available at the company website: http://www.tgs.com/about-tgs/company-history/.

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SOURCE EnerCom, Inc.

DENVER, July 25, 2018 /PRNewswire/ -- An impressive roster of CEOs across the upstream and oilfield service and technology spectrum will be at the Denver Downtown Westin Hotel Aug. 20, 21 and 22, 2018, to give presentations at EnerCom's The Oil & Gas Conference®.

EnerCom conference E&Ps are producing more than 3.2 million barrels of oil per day. The presenting North American shale E&Ps, other explorers and producers, international E&Ps, and global oilfield service and technology companies represent a combined market value of $203 billion and a combined enterprise value of $252 billion—53% higher than last year.

As to basin and sector, the 2018 EnerCom conference presenting companies break out as follows (list is subject to change prior to conference– please refer to The Oil & Gas Conference website for an updated schedule of presenting companies):

Exploration & Production, Oilfield Service Companies by Focus Area and Sector

Bakken/Three Forks

• Enerplus Corp. (NYSE: ERF): E&P operating in the Bakken/Three Forks, Marcellus and Western Canada.
• Northern Oil & Gas (NYSE: NOG): Non-operator targeting the Bakken/Three Forks.
• Whiting Petroleum (NYSE: WLL): Bakken-focused operator with additional northeast Colorado assets.

Eagle Ford

• EOG Resources (NYSE: EOG): Large independent E&P producing the Delaware, Woodford, Eagle Ford, and Rocky Mountains – Q1 Revenues of $3.7 Billion; production of 660 MBOEPD
• Lonestar Resources (NASDAQ: LONE): Eagle Ford E&P with acreage throughout the play.
• SilverBow Resources (NYSE: SBOW): Gas-focused producer targeting southern Eagle Ford.
• Sundance Energy Australia (NASDAQ: SNDE): Pure-play Eagle Ford producer.
• WildHorse Resource Development (NYSE: WRD): Northern Eagle Ford operator with basin's second-largest acreage holdings.

Permian Basin

• Centennial Resource Development (NASDAQ: CDEV): Pure play Delaware Basin E&P company.
• Encana (NYSE: ECA): Diversified E&P company with operations in the Permian, Montney, Eagle Ford, Duvernay and San Juan Basin.
• Earthstone Energy (NYSE: ESTE): E&P company with operations in the Midland and Eagle Ford.
• Jagged Peak (NYSE: JAG): Pure play Delaware Basin operator.
• Legacy Reserves (NASDAQ: LGCY): MLP with assets in the Permian, East Texas, Rocky Mountains and Mid-Continent.
• Lilis Energy (NYSE: LLEX): Pure play Delaware Basin operator.
• QEP Resources (NYSE: QEP): Midland Basin player with additional acreage in Williston, Uinta and Haynesville.
• Rosehill Resources (NASDAQ: ROSE): Pure play Delaware Basin operator.
• SM Energy (NYSE: SM): Midland Basin producer with additional Eagle Ford operations.
• WPX Energy (NYSE: WPX): Delaware basin E&P company with additional extensive production from Williston.

Woodford & Other Mid-Continent – SCOOP/STACK

• Alta Mesa Resources (NASDAQ: AMR): E&P with operations in STACK portion of Anadarko Basin.
• BNK Petroleum (TSE: BKX): E&P with operations in Tishomingo Field of SCOOP portion of Ardmore Basin.
• Chaparral Energy (OTCMKTS: CHPE): Pure play STACK E&P company.
• Midstates Petroleum (NYSE: MPO): E&P producing from Mississippi Lime in Oklahoma.
• Panhandle Oil & Gas (NYSE: PHX): Leaseholder with interests in SCOOP/STACK, Oklahoma Woodford, Fayetteville and Eagle Ford.
• Unit Corp (NYSE: UNT): Vertically integrated energy company with drilling, producing and midstream businesses. Production in Mid Continent and Upper Gulf Coast.

Marcellus/Utica

• Cabot Oil & Gas (NYSE: COG): Pure play Marcellus E&P company.
• Eclipse Resources (NYSE: ECR): Appalachia-focused E&P company with assets in eastern Ohio.
• Range Resources (NYSE: RRC): Pennsylvania Marcellus producer with additional North Louisiana acreage.

Niobrara

• Bonanza Creek Energy (NYSE: BCEI): Wattenberg field, Mid-Continent producer
• HighPoint Resources (NYSE: HPR): Rocky Mountains-focused E&P with operations in the Wattenberg and Hereford fields.
• PDC Energy (NASDAQ: PDCE): Liquids-focused E&P in the DJ/Niobrara and Delaware basins.
• PetroShare (OTCMKTS: PRHR): Wattenberg producer active in southern portion of field.

Gulf of Mexico/Offshore

• GulfSlope Energy (OTCMKTS: GSPE): Louisiana offshore Gulf company, partnered with Delek for drilling new wells.
• Talos Energy (NYSE: TALO): E&P operator with focus on Louisiana Gulf of Mexico, additional properties in U.S. and Mexican GOM.

Haynesville

• Goodrich Petroleum (NYSE: GDP): E&P company with operations in the Haynesville and Tuscaloosa Marine Shale.

Pinedale – Jonah Field – Uinta Basin

• Ultra Petroleum (NASDAQ: UPL): E&P focused on Pinedale and Jonah fields, also developing Uinta basin.

Enhanced Oil Recovery

• Denbury Resources (NYSE: DNR): CO2 EOR production with activity in the Gulf Coast and Rocky Mountains.
• Elk Petroleum (ASX: ELK): CO2 EOR company with operations in Wyoming and Utah.
• Evolution Petroleum (NYSE: EPM): CO2 EOR production company. Pays a dividend.
• Mid-Con Energy Partners (NASDAQ: MCEP): CO2 EOR company with production in the Permian and Mid-Continent.

Canadian E&Ps

• Advantage Oil & Gas (NYSE: AAV): E&P focused on Montney formation in Alberta.
• Blackbird Energy (CVE: BBI): E&P focused on Pipestone Corridor of Montney formation in Alberta.
• Bellatrix Exploration (NYSE: BXE): E&P focused on the Western Sedimentary Basin in Alberta, Canada.
• Gear Energy (TSE: GXE): E&P operating heavy oil projects in Saskatchewan and light oil in Alberta.
• International Frontier Resources (TSX-V: IFR): E&P focused on operations in the Tecolutla block, onshore Mexico.
• Iron Bridge Resources (TSE: IBR): Developing an oil and liquids rich Montney resource at Elmworth/Gold Creek.
• NuVista Energy (TSE: NVA): Alberta-based operator focused on Wapiti Montney play.
• Painted Pony Energy (TSE: PONY): E&P producing natural gas from British Columbia Montney.
• Razor Energy (CVE: RZE): Alberta oil producer targeting Swan Hills and Kaybob Montney.
• Strategic Oil & Gas (CVE: SOG): Light oil producer in Alberta and Northwest Territories.
• Tamarack Valley Energy (TSE: TVE): Light oil producing E&P developing Cardium, Viking and Penny Barons plays.
• Vermilion Energy (NYSE: VET): E&P with extensive international diversification. Operations in Mannville, Cardium, Powder River Basin, offshore Australia and throughout Europe.

International E&Ps

• Alvopetro Energy (CVE: ALV): Gas-weighted E&P with operations in Brazil.
• Canacol Energy (TSE: CNE):  Exploration portfolio encompassing 5 basins in Colombia and Ecuador.
• GeoPark Energy (NYSE: GPRK): International E&P with projects in Colombia, Argentina, Brazil, Chile and Peru.
• Gran Tierra Energy (NYSE: GTE): Oil-weighted E&P company with assets in Columbia.
• Jadestone Energy (CVE: JSE): E&P company with assets in Australia, Indonesia, Vietnam and Philippines.
• PetroTal (CVE: TAL): Canadian E&P company with assets in Peru.
• Valeura Energy (TSE: VLE): Canada-based company developing gas in Turkey.

Oilfield Service Companies

• CES Energy Solutions (TSE: CEU): Provider of chemical solutions in drilling, production and specialty applications.
• Core Laboratories (NYSE: CLB): Reservoir technology and optimization company.
• Flotek Industries (NYSE: FTK): Chemical solutions provider with additional reservoir characterization and engineering services.
• Independence Contract Drilling (NYSE: ICD): Drilling company focused on unconventional drilling.
• Key Energy Services (NYSE: KEG): Well service provider with rigs, coiled tubing, fishing and fluid management.
• Liberty Oilfield Services (NYSE: LBRT): Pressure pumping service provider.
• Nabors Industries (NYSE: NBR): Drilling company offering rigs, services, software and equipment.
• Superior Drilling Products (NYSE: SDPI): Drilling tool provider.

Midstream

• Plains All American Pipeline (NYSE: PAA): midstream energy infrastructure and logistics services for crude oil, natural gas liquids and natural gas.

Mineral, Royalty, Infrastructure Holders, Acquisition Companies

• Black Stone Minerals (NYSE: BSM): Holds 20 million gross acres throughout the U.S., with holdings in every major basin.
• CorEnergy Infrastructure Trust (NYSE: CORR): REIT owning energy infrastructure assets.
• Osprey Energy Acquisition Corp. (NASDAQ: OSPR) is an energy-focused special purpose acquisition corporation formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar combination with one or more energy businesses. OSPR completed its $275 Million Initial Public Offering in July 2017.

Private Companies – E&Ps, Midstream, Energy Data and Technology Providers, Energy Capital, Government Energy Agencies

• Ameredev II
• BetaZi
• Bison Oil & Gas
• Blue Racer Midstream
• BTU Analytics
• Caerus Oil and Gas
• Canyon Creek Energy
• CIBC
• Comisión Nacional de Hidrocarburos (CNH)
• Credit Agricole CIB
• U.S. Energy Information Administration
• Felix Energy
• Fleur de Lis Energy
• Goodnight Midstream
• Great Western Oil & Gas
• GuildOne
• RS Energy
• Samson Resources II
• Tailwater Capital

A work-in-progress schedule of the 2018 presenting companies is posted on the conference website and will be regularly updated.

Who Attends the Conference: More than 2,000 institutional, private equity and hedge fund investors, energy research analysts, retail brokers, trust officers, high net worth investors, investment bankers and energy industry professionals gather in Denver for the conference.

One-on-One Meetings:  EnerCom works in advance with presenting company management teams to arrange one-on-one meetings with the attending institutional investors and research analysts at the conference venue. In 2017, EnerCom managed more than 2,100 one-on-one meeting requests. Buyside investors may request meetings on the conference website or contact EnerCom for more information at 303-296-8834.

How to Register:  Investment professionals and oil and gas companies can register for the event through the conference website. 

EnerCom History and Sponsors: EnerCom, Inc. founded The Oil & Gas Conference® in 1996. It is the oldest and largest energy investment conference in Denver.

Global sponsors of EnerCom's conferences are Netherland, Sewell & Associates; RS Energy Group; Moss Adams; and Preng & Associates.  Sponsors of The Oil & Gas Conference® 23 are Bank of America Merrill Lynch; AssuredPartners; DNB Bank ASA; Fifth Third Bank; CIBC; Haynes and Boone; Credit Agricole CIB; Natixis; PJ SOLOMON; PNC Financial Services Group; Wells Fargo; MUFG; SMBC; Opportune LLP; Petrie Partners; and SunTrust Robinson Humphrey.

About EnerCom, Inc.

Since 1994 EnerCom, Inc. has developed into a nationally recognized oil and gas-focused investor relations consultancy advising oil and gas industry clients on corporate strategy, asset valuations, investor communications, media relations and providing visual communications design. 

EnerCom offers services and produces and publishes numerous data products and external communications tools for public and private energy companies including:

• peer group company valuations that are specific to the oil and gas industry;
• corporate annual reports, oil and gas company websites, custom stratigraphic and subsurface illustrations; company investor presentations; sustainability reports;
• complete digital marketing services and lead capture for oilfield services and technology companies;
• EnerCom's Monthly Oil & Gas Industry Data & Trends Report;
• Profile company listings and advertising opportunities in Oil & Gas 360® - one of the industry's most popular online daily news portals; and
• EnerCom 360 - the online magazine.

EnerCom's professionals have more than 170 years of industry and business experience and a proven track record of success.

Headquartered in Denver, with senior consultants in Dallas and Houston, EnerCom uses the team approach for delivering its wide range of services to public and private companies, large and small, operating in the global exploration and production, OilService, capital markets, and associated advanced-technology industries.

EnerCom's upcoming oil and gas investment conferences include:

EnerCom Denver (The Oil & Gas Conference®) – August 19-22, 2018

EnerCom Dallas – Feb. 27-28, 2019

For more information about EnerCom and its services, please visit http://www.enercominc.com/ or call +1 303-296-8834 to speak with the management team or one of our consultants.

About Netherland, Sewell & Associates, Inc.

Netherland, Sewell & Associates, Inc. (NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world. They provide reserves reports and audits, acquisition and divestiture evaluations, simulation studies, exploration resources assessments, equity determinations, and management and advisory services. For a complete list of services or to learn more about Netherland, Sewell & Associates, Inc. please visit www.netherlandsewell.com.

For more information about NSAI, call C.H. (Scott) Rees, Chief Executive Officer, at 214-969-5401 or send an email to info@nsai-petro.com.

About RS Energy Group

RS Energy Group (RSEG) provides data-driven intelligence: evaluate assets, weigh valuable M&A opportunities and benchmark your business for more precise decision-making.

RSEG officially released its data solution in April 2017. RS Data™ provides clients with corrected, multi-sourced permit, completion and production data of unparalleled completeness and quality.

Today, RSEG's intelligence covers more than 150 companies operating in every key North American and many international energy plays with a powerful combination of practical insights at the asset level and a long-standing participation in capital markets. RSEG's independent, unbiased and accurate analysis forms a foundation of trust with its clients. Its collaborative approach, both internally and as an extension of its clients' research efforts, promotes innovation and fosters intimate, long term partnerships.

RS Energy Group (RSEG) is headquartered in Calgary, Alberta, with strategic locations in Houston, New York City, Philadelphia, San Francisco and Los Angeles. Contact RS Energy Group by phone at (403) 294-9111, or email info@rseg.com.

About Moss Adams LLP

For more than 30 years, Hein & Associates has been recognized throughout the industry as a leading oil and gas accounting and advisory firm. In late 2017, Hein combined with Moss Adams LLP, one of the largest accounting, consulting and wealth management firms in the nation, creating a $600 million middle-market accounting/tax/audit leader in the western U.S. with a strong oil & gas practice group.

With more than 2,900 professionals and staff across more than 25 locations in the West and beyond, Moss Adams works with many of the world's most innovative companies and leaders. Our strength in the middle market enables us to advise clients at all intervals of development—from start-up, to rapid growth and expansion, to transition. Today, we help over 2,300 companies doing business in more than 100 countries and territories.

For more information, please contact Joe Blice, Partner, National Practice Leader, Oil & Gas, CPA joe.blice@mossadams.com, (972) 687-7818.

Moss Adams LLP provides details at https://www.mossadams.com/home .

About Preng & Associates

Preng & Associates, founded in 1980, is the only retainer-based, international executive search firm specializing solely in the energy industry. Its number one priority is to assist clients with their executive selection, organization development, and human resource needs by providing the highest quality service. Preng's record of accomplishment is directly attributable to their experienced staff, worldwide network of industry contacts, proven search methodology, and high standards of professionalism. Preng has conducted over 3000 searches for board, executive, management, and professional positions in its 35-year history and has the highest success and repeat client track record.

Preng's practice is based on the premise that the search process is most effective when conducted by professionals with significant search industry experience. The company has earned a reputation for combining professional search disciplines with an in-depth industry and market understanding and has succeeded in some of the industry's most challenging and high-profile searches. Preng's international reach allows it to effectively conduct global engagements; and as a member of the Association of Executive Search Consultants, Preng practices and promotes its high standards of conduct and professionalism.

For more information about Preng & Associates, contact Charles Carpenter, Partner at 713-243-2610 or ccarpenter@preng.com.

About Bank of America Merrill Lynch

Bank of America Merrill Lynch Oil and Gas Group

The Bank of America Merrill Lynch (BofAML) Oil and Gas practice is comprised of a global team of bankers dedicated to covering the energy industry, dating back to the 1920s when Texas predecessor banks pioneered reserve-based lending.  The practice includes an experienced in-house Petroleum Engineering team with over 150 years of combined experience. With one of the only full-service financial energy platforms in the industry, the BofAML oil and gas team manages significant capital commitments in the energy sector with dedicated bankers based in Calgary, Denver, Dallas, Houston, London and New York.

The BofA Merrill Lynch Global Research platform offers clients access to information and actionable ideas on stocks, bonds, economics and investment strategies. With approximately 700 analysts in more than 20 countries, we offer our clients knowledge about economic and business developments that are having an impact on the markets, so that they can work with their financial advisors to make the most of opportunities.  BofA Merrill Lynch Global Research was ranked No. 1 for the fourth consecutive year on the 2014 list of Top Global Research Firms, Institutional Investor. 

About AssuredPartners

AssuredPartners Colorado (AP CO) combines 30+ years of experience with leading-edge products to provide exceptional service and value to our customers. We provide a full range of brokerage services including employee benefits, property and casualty, and retirement. Headquartered in Colorado, we think globally but act locally, with personal services designed specifically for each individual client. AP CO utilizes resources with national networks of brokers to ensure we can meet your every need and find answers to your questions quickly and efficiently.

Our goal is to achieve a long-term relationship focused on bringing value to your employee benefits management and insurance programs. We are committed to utilizing our collective talent to support your insurance goals. We work to identify activities that drive claim frequency, and implement an action plan to control health care costs and promote a healthy work environment for your employees.

Securing the best insurance package for your business begins with planning. Analyzing all your risks is critical to successful implementation of your insurance plan. AP CO will partner with you by providing ongoing assistance, consultation and service that will help you control your insurance expenses, choose the best plan to fit your company's needs and promote health care consumerism.

For more information on Assured Partners, please visit the website, call (800) 322-9773 or email info@assuredptrco.com.

About DNB ASA

DNB is Norway's largest financial services provider, with total assets approaching $400 billion. The bank has for years been a major provider of capital to the oil & gas industry, growing up literally side by side with the highly prolific fields developed in the Norwegian Sector of the North Sea. The Oslo Energy Office maintains a global financing strategy, and serves this market through multiple offices around the world including Houston, London and Singapore.

Energy Americas, based in Houston, comprises approximately 20 seasoned energy finance professionals. Aside from facilitating the bank's global business strategies, the office concentrates primarily on serving middle market and larger customers in the four principal oil & gas sectors — upstream, midstream, downstream and service — as well as in Power and Renewables. The bank offers a variety of financial products, from traditional oil & gas reserve financing, to longer-term capital markets transactions and merger/acquisition advisory services through its broker-dealer arm, DNB Markets, Inc. Ancillary service capabilities include cash management/depository services, as well as commodity and interest rate hedging.

For information on DNB's energy services, please visit the DNB energy website.

About Fifth Third Bancorp

Fifth Third Bank is a diversified financial services company with over $120 billion in assets. The Bank's energy group is comprised of experienced and knowledgeable individuals that can assist in providing and structuring financial solutions to meet their clients' needs across the upstream, midstream, downstream and services sectors. Solutions and capabilities include commodity hedging, interest rate management, foreign exchange, debt capital markets, treasury management, and depository/investment products.

For more information, please contact Richard Butler at 713-401-6101 or richard.butler@53.com.

About CIBC

CIBC is a leading North American bank headquartered in Canada and with offices around the world. CIBC was originally founded nearly 150 years ago, and has supported and financed the energy industry for many decades. CIBC was recently ranked as the strongest publicly traded bank in North America by Bloomberg, and is rated A+/Aa3 by S&P and Moody's, respectively.

Our energy specialists draw on the breadth of CIBC's capabilities to provide market insights and creative solutions for our clients. Services include corporate banking, commodity and interest rate hedging and strategy, A&D advisory, and capital markets.

CIBC is publicly traded on the NYSE and Toronto Stock Exchange under the symbol "CM" and has a market cap of $36 billion and nearly $400 billion in total assets. For more information, please visit the CIBC energy website.

About Haynes and Boone

Haynes and Boone, LLP is an energy-focused corporate law firm, providing a full spectrum of legal services to our clients across the oil and gas industry, including the upstream, midstream, and downstream sectors. We serve energy clients from our offices in Texas, Colorado, New York, California, Washington, D.C., London, Mexico City and Shanghai. We work as a team representing U.S. and foreign public and private companies engaged in the dynamic day-to-day work of finding and extracting oil and gas, and the banks, investment funds and other investors that support them.

Our team of more than 100 energy lawyers and landmen understands the U.S. and international physical and financial energy markets, and the firm has been helping operators and lenders complete some of the largest financings and M&A transactions in recent years. With more than 600 attorneys, Haynes and Boone is ranked among the largest law firms in the nation by The National Law Journal, and our energy lawyers have been ranked by publications such as Best Lawyers in America, Chambers and Partners and Who's Who in Energy.

For more info, please visit www.haynesboone.com.

About Crédit Agricole Corporate and Investment Bank

Crédit Agricole Corporate and Investment Bank is the corporate and investment banking arm of the Crédit Agricole Group, the world's eighth largest bank by total assets (The Banker, July 2014). Crédit Agricole CIB offers its clients a comprehensive range of products and services in capital markets, brokerage, investment banking, structured finance, corporate banking, and international private banking.

The Bank provides support to clients in large international markets through its network, with a presence in major countries in Europe, the Americas, Asia and the Middle East.

With headquarters in New York City, and U.S. offices in Houston and Chicago, Credit Agricole CIB Americas offers its corporate and institutional clients financial products and services and made-to-order structuring, origination and distribution, through both its banking unit Credit Agricole CIB, and the full-service broker-dealer Credit Agricole Securities (USA) Inc., which is a member of the NYSE and NASD.  Credit Agricole CIB is also present in Montreal, Canada, and in Latin America with offices in Argentina, Brazil, and Mexico.

The Energy Industry represents the single largest concentration of industry exposure at Credit Agricole Corporate and Investment Bank, whose specialty focus dates back over 100 years. Our Energy practice for North America, located in Houston, focuses on all segments of the business and covers it on a truly global basis.

For more information, visit www.ca-cib.com.

About Natixis

Natixis is the international corporate and investment banking, asset management, insurance and financial services arm of Groupe BPCE, the second-largest banking group in France.

Natixis Corporate & Investment Banking advises and assists corporations, financial institutions, institutional investors, financial sponsors, public-sector organizations and the networks of Groupe BPCE.

We furnish a diversified array of financing solutions, provide access to capital markets and transaction banking services.

Areas of expertise include Advisory: M&A, primary equity, capital & rating advisory; Financing: vanilla and structured; Capital Markets: equities, fixed income, credit, forex and commodities; Global Transaction Banking: trade finance, cash management, liquidity management and correspondent banking; Research: economic, credit, equity and quantitative.

The Bank leverages the expertise and highly technical skills of its teams, and provides industry-recognized research to build innovative and mix-and-matchable solutions. Corporate and Investment Banking is present on the main financial markets via three international platforms: Americas, Asia-Pacific, and EMEA (Europe, Middle East, Africa).

About PJ SOLOMON

PJ SOLOMON is an investment banking advisory firm that provides strategic advisory services to chief executive officers and senior management, owners of public and private companies, boards of directors, and special committees.

Our full suite of advisory services includes Mergers and Acquisitions, Restructuring and Capital Markets across a range of industry verticals.

The PJ SOLOMON Energy Advisory Group provides strategic investment banking advisory services to public and private clients across the energy chain. Drawing upon our extensive sector relationships and deep strategic and operational expertise, we can offer a unique and valued advisory platform for the upstream, upstream A&D, midstream and the utility sectors.

Based in our Houston office, the PJ SOLOMON Energy team holds more than 100 years of experience on a broad range of domestic and cross-border transactions including mergers and acquisitions, A&D, restructurings, bankruptcies, and public and private capital raisings.

Industry sectors/sub-sectors include: Upstream, Upstream A&D, Midstream, Energy related and Utilities.

About PNC Financial Services Group

PNC is one of the largest, best-regarded and best-capitalized financial services companies in the country, with approximately $325 billion in assets and offices in 33 states, Canada and the United Kingdom.

PNC's Energy Group, headed by Tom Byargeon, is a significant capital and service provider to energy companies, with approximately $6.5 billion in commitments to the industry. The Energy office in Houston houses a team with extensive experience and deep relationships across the entire energy supply chain. This group also offers strategic corporate finance advice and delivers PNC's comprehensive set of solutions and capabilities, including commodity and interest rate hedging, debt capital markets, loan syndications, treasury management, asset securitization, equipment finance and institutional investments.

For more information, please contact Tom Byargeon at 713-353-8782 or tom.byargeon@pnc.com. You can also visit www.pnc.com.

About MUFG

Mitsubishi UFJ Financial Group (MUFG) has been a leading provider of banking services to the oil and gas industry in the Americas for more than 30 years, consistently ranking in the Top 10 Lead Arrangers and Top 10 Bond Arrangers in the Thomson Reuters Oil and Gas League Tables.

We support clients across the industry—from regional exploration and production to global diversified services companies—that benefit from our focused approach, strong execution, and customized services. Whether you are looking to expand existing reserves, make an acquisition, or streamline operations, we can support your growth with services, including: underwriting and syndications; U.S./Canadian cross-border funding; securities underwriting and placements; leasing and tax equity financing; and commodities, interest rate, and foreign exchange risk management. 

For more information, visit: www.mufgamericas.com/oil-gas.

About Wells Fargo & Company

Wells Fargo & Company is a nationwide, diversified, community-based financial services company providing banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy.

The Energy Banking Group, headed by Bart Schouest, provides corporate banking products and services to the energy sector, including upstream, midstream, oilfield services, and diversified industries. With offices in Houston, Dallas, Denver, Calgary, and Aberdeen the group's success is driven by in-depth industry expertise and longstanding relationships with key industry participants. The group has over $45 billion of credit commitments to public and private companies across the upstream, midstream, downstream, services, and power and utilities sectors.

The Energy & Power Investment Banking Group, headed by James Kipp, provides strategic advisory and corporate finance expertise to energy and power clients, including upstream, midstream, oilfield services, downstream, coal and the power & utilities sectors. Areas of focus include equity, equity-linked and debt underwritings, private placements, syndications, and mergers and acquisitions. The Energy & Power Investment Banking Group has offices in Houston and Charlotte.

These teams work together to offer clients industry and product expertise, in addition to sharing their understanding of internal and external forces that drive both industry trends and financial markets. For additional information, contact us at 713-319-1350 or Energy@wellsfargo.com.

To learn more about Wells Fargo & Company, please visit the company's web site at www.wellsfargo.com.

About SMBC

Sumitomo Mitsui Banking Corporation (SMBC) is a core member of Sumitomo Mitsui Financial Group (SMFG), a Tokyo-based bank holding company that is ranked among the largest 25 banks globally by assets under management.

SMBC Americas Division, with more than 2,500 employees, oversees operations in the U.S., Canada, Mexico, and South America. We work across SMFG to offer corporate and institutional clients sophisticated and comprehensive financial services around the globe.

SMBC's roots in Japan trace back more than 400 years to 1590. The Americas Division of SMBC has more than a century of experience in the United States, beginning when the San Francisco branch of Sumitomo Bank was established in 1919. Sumitomo Mitsui Financial Group (NYSE: SMFG) was listed on the New York Stock Exchange in 2010.

For more information please visit the corporate website: www.smbcgroup.com/americas/group-companies/

About Opportune LLP

Founded in 2005, Opportune is a leading global energy consulting firm specializing in adding value to clients across the energy industry, including upstream, midstream, downstream, power and gas, commodities trading and oilfield services.

Since we are not an audit firm, we are advocates of our clients and are not subject to the restrictions placed on other firms by regulatory bodies. Using our extensive knowledge of all sectors of the energy industry, we work with clients to provide comprehensive solutions to their operational and financial challenges. 

Our practice areas include complex financial reporting, dispute resolution, enterprise risk, outsourcing, process and technology, reserve engineering and geosciences, restructuring, strategy and organization, tax, transactional due diligence and valuation. Opportune LLP is not a CPA firm.

Opportune's corporate headquarters are in Houston, Texas. The firm also has offices in Dallas, Denver, New York City, Tulsa, and the UK. For more information please call Ashley Hunt, Marketing Coordinator,

713.490.5050 and visit the web site https://opportune.com/.

About Petrie Partners, LLC

Petrie Partners, LLC is a boutique investment banking firm offering financial advisory services to the oil and gas industry. We provide specialized advice on mergers, divestitures and acquisitions and private placements.

The firm was formed in 2011 (as Strategic Energy Advisors) by senior bankers formerly with Bank of America Merrill Lynch and Petrie Parkman & Co., an investment bank that built a reputation as a most trusted advisor to energy clients during the nearly two decades leading up to its merger into Merrill Lynch in 2006.

Through tenure with Petrie Parkman, Merrill Lynch and Bank of America Merrill Lynch, the senior members of the Petrie team bring to bear an average of more than 25 years of energy investment banking experience, including over 300 energy M&A and capital raising transactions representing over $350 billion of aggregate consideration.

For information about the firm, please visit www.petrie.com or call the firm's Denver office (303.953.6768) or the Houston office (713.659.0760).

About SunTrust Robinson Humphrey

SunTrust Robinson Humphrey (STRH) is a leading, full-service corporate and investment bank dedicated to helping you successfully manage and grow your company through a comprehensive range of strategic advisory, capital raising, risk management, financing and investment solutions. We also offer a complete array of sales, trading and research services in both fixed income and equity. 

Our firm's history dates back to 1894, and through the years we have built a reputation for delivering superior client service and in-depth market and industry expertise. At STRH, we are committed to your success. Our team of experienced professionals works closely with you to understand your unique needs and goals to provide sound, unbiased guidance that draws from the significant resources from across our entire universal banking platform. This collaborative One Team approach is focused solely on partnering with you to secure meaningful value throughout the life cycle of your company.

Our Energy & Power Investment Banking Group provides corporate and investment banking services to domestically headquartered companies in the energy and power sectors. We partner with our clients across the energy value chain to deliver full-service strategic advisory and financing solutions.

For more information please visit https://www.suntrustrh.com/industry-coverage/energy-power .

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SOURCE EnerCom, Inc.

DENVER, June 20, 2018 /PRNewswire/ -- EnerCom, Inc. is pleased to update the list of oil and gas companies and energy sector experts who will be presenters at the 23^rd annual edition of The Oil & Gas Conference®, coming August 19-22, 2018, to the Westin Denver Downtown. 

Public and Private Company Presenters: The 2018 edition of EnerCom's The Oil & Gas Conference® will feature public and private oil and gas companies with operations spanning 40 countries and six continents, including all U.S. shale basins, the Gulf of Mexico, Canada, Latin America and Africa.  A work-in-progress list of the 2018 presenting companies will be posted and updated on the conference website.

The EnerCom Denver 2018 presenting companies include but are not limited to:

• Advantage Oil & Gas (NYSE: AAV)
• Alta Mesa Resources (NASDAQ: AMR)
• Amerdev II LLC (Private)
• Anschutz Exploration (Private)
• Baytex Energy Corp. (NYSE: BTE)
• Bellatrix Exploration (NYSE: BXE)
• BetaZi LLC (private)
• Black Stone Minerals, L.P. (NYSE: BSM)
• Blackbird Energy (TSX-V: BBI)
• BNK Petroleum, Inc. (TSE: BKX)
• BTU Analytics (Private)
• Cabot Oil & Gas (NYSE: COG)
• Canacol Energy Ltd. (TSE: CNE)
• Canyon Creek Energy (Private)
• Centennial Resource Development (NASDAQ: CDEV)
• CES Energy Solutions Corp. (TSX: CEU)
• Chaparral Energy (OTCQB: CHPE)
• Core Laboratories (NYSE: CLB)
• CorEnergy Infrastructure Trust (NYSE: CORR)
• Denbury Resources (NYSE: DNR)
• Earthstone Energy (NYSE: ESTE)
• Eclipse Resources (NYSE: ECR)
• Elk Petroleum (ASX: ELK)
• Enerplus Corp. (NYSE: ERF)
• EOG Resources (NYSE: EOG)
• Evolution Petroleum (NYSE: EPM)
• Gear Energy Ltd. (TXE: GXE)
• GeoPark Ltd. (NYSE: GPRK)
• Goodrich Petroleum (NYSE: GDP)
• Gran Tierra Energy (NYSE: GTE)
• Great Western Oil & Gas LLC (Private)
• GuildOne Inc. (Private)
• HighPoint Resources (NYSE: HPR)
• Independence Contract Drilling (NYSE: ICD)
• International Frontier Resources (TSX-V: IFR)
• Jadestone Energy (TSX-V: JSE)
• Jagged Peak Energy (NYSE: JAG)
• Key Energy Services (NYSE: KEG)
• Legacy Reserves, LP (NASDAQ: LGCY)
• Liberty Oilfield Services (NYSE: LBRT)
• Lilis Energy (NYSE: LLEX)
• Lonestar Resources (NASDAQ: LONE)
• Mid-Con Energy Partners, LP (NASDAQ: MCEP)
• Midstates Petroleum (NYSE: MPO)
• Northern Oil & Gas (NYSE: NOG)
• NuVista Energy Ltd. (TSE: NVA)
• Painted Pony Energy (TSE: PONY)
• Panhandle Oil & Gas (NYSE: PHX)
• PDC Energy (NASDAQ: PDCE)
• Penn Virginia Corp. (NASDAQ: PVAC)
• PetroTal Corp. (TSX-V: TAL)
• Petroteq Energy (TSX-V: PQE)
• QEP Resources (NYSE: QEP)
• Range Resources Corp. (NYSE: RRC)
• Razor Energy Corp. (TSX-V: RZE)
• Rosehill Resources (NASDAQ: ROSE)
• RS Energy Group (Private)
• Samson Resources II, LLC (Private)
• SilverBow Resources (NYSE: SBOW)
• SM Energy (NYSE: SM)
• STEP Energy Services (TSE: STEP)
• Strategic Oil & Gas (TSX-V: SOG)
• Sundance Energy Australia Ltd. (NASDAQ: SNDE)
• Superior Drilling Products (NYSE: SDPI)
• Talos Energy (NYSE: TALO)
• Tamarack Valley Energy (TSE: TVE)
• TGS-NOPEC Geophysical Company ASA (TGS.OL)
• Ultra Petroleum Corporation (NASDAQ: UPL)
• Unit Corporation (NYSE: UNT)
• Vermilion Energy (NYSE: VET)
• Whiting Petroleum Corporation (NYSE: WLL)
• WildHorse Resource Development (NYSE: WRD)
• WPX Energy (NYSE: WPX)

Who Attends the Conference: More than 2,000 institutional, private equity and hedge fund investors, energy research analysts, retail brokers, trust officers, high net worth investors, investment bankers and energy industry professionals gather in Denver for the conference.

One-on-One Meetings:  EnerCom works in advance with presenting company management teams to arrange one-on-one meetings with the attending institutional investors and research analysts at the conference venue. In 2017, EnerCom managed more than 2,100 one-on-one meeting requests.

How to Register:  Investment professionals and oil and gas companies can register for the event through the conference website. 

EnerCom History and Sponsors: EnerCom, Inc. founded The Oil & Gas Conference® in 1996. It is the oldest and largest energy investment conference in Denver.

Global sponsors of EnerCom's conferences are Netherland, Sewell & Associates; RS Energy Group; Moss Adams; and Preng & Associates.  Sponsors of The Oil & Gas Conference® 23 are Bank of America Merrill Lynch; AssuredPartners; DNB Bank ASA; Fifth Third Bank; CIBC; Haynes and Boone; Credit Agricole CIB; Natixis; PJ SOLOMON; PNC Financial Services Group; Wells Fargo; MUFG; and SMBC.

About EnerCom, Inc.

Since 1994 EnerCom, Inc. has developed into a nationally recognized oil and gas-focused investor relations consultancy advising oil and gas industry clients on corporate strategy, asset valuations, investor communications, media relations and providing visual communications design. 

EnerCom offers services and produces and publishes numerous data products and external communications tools for public and private energy companies including:

• peer group company valuations that are specific to the oil and gas industry;
• corporate annual reports, oil and gas company websites, custom stratigraphic and subsurface illustrations; company investor presentations; sustainability reports;
• complete digital marketing services and lead capture for oilfield services and technology companies;
• EnerCom's Monthly Oil & Gas Industry Data & Trends Report;
• Profile company listings and advertising opportunities in Oil & Gas 360® - one of the industry's most popular online daily news portals; and
• EnerCom 360 - the online magazine.

EnerCom's professionals have more than 170 years of industry and business experience and a proven track record of success.

Headquartered in Denver, with senior consultants in Dallas and Houston, EnerCom uses the team approach for delivering its wide range of services to public and private companies, large and small, operating in the global exploration and production, OilService, capital markets, and associated advanced-technology industries.

EnerCom's upcoming oil and gas investment conferences include:

EnerCom Denver (The Oil & Gas Conference®) – August 19-22, 2018

EnerCom Dallas – Feb. 27-28, 2019

For more information about EnerCom and its services, please visit http://www.enercominc.com/ or call +1 303-296-8834 to speak with the management team or one of our consultants.

About Netherland, Sewell & Associates, Inc.

Netherland, Sewell & Associates, Inc. (NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world. They provide reserves reports and audits, acquisition and divestiture evaluations, simulation studies, exploration resources assessments, equity determinations, and management and advisory services. For a complete list of services or to learn more about Netherland, Sewell & Associates, Inc. please visit www.netherlandsewell.com.

For more information about NSAI, call C.H. (Scott) Rees, Chief Executive Officer, at 214-969-5401 or send an email to info@nsai-petro.com.

About RS Energy Group

RS Energy Group (RSEG) provides data-driven intelligence: evaluate assets, weigh valuable M&A opportunities and benchmark your business for more precise decision-making.

RSEG officially released its data solution in April 2017. RS Data™ provides clients with corrected, multi-sourced permit, completion and production data of unparalleled completeness and quality.

Today, RSEG's intelligence covers more than 150 companies operating in every key North American and many international energy plays with a powerful combination of practical insights at the asset level and a long-standing participation in capital markets. RSEG's independent, unbiased and accurate analysis forms a foundation of trust with its clients. Its collaborative approach, both internally and as an extension of its clients' research efforts, promotes innovation and fosters intimate, long term partnerships.

RS Energy Group (RSEG) is headquartered in Calgary, Alberta, with strategic locations in Houston, New York City, Philadelphia, San Francisco and Los Angeles. Contact RS Energy Group by phone at (403) 294-9111, or email info@rseg.com.

About Moss Adams LLP

For more than 30 years, Hein & Associates has been recognized throughout the industry as a leading oil and gas accounting and advisory firm. In late 2017, Hein combined with Moss Adams LLP, one of the largest accounting, consulting and wealth management firms in the nation, creating a $600 million middle-market accounting/tax/audit leader in the western U.S. with a strong oil & gas practice group.

With more than 2,900 professionals and staff across more than 25 locations in the West and beyond, Moss Adams works with many of the world's most innovative companies and leaders. Our strength in the middle market enables us to advise clients at all intervals of development—from start-up, to rapid growth and expansion, to transition. Today, we help over 2,300 companies doing business in more than 100 countries and territories.

For more information, please contact Joe Blice, Partner, National Practice Leader, Oil & Gas, CPA joe.blice@mossadams.com, (972) 687-7818.

Moss Adams LLP provides details at https://www.mossadams.com/home .

About Preng & Associates

Preng & Associates, founded in 1980, is the only retainer-based, international executive search firm specializing solely in the energy industry. Its number one priority is to assist clients with their executive selection, organization development, and human resource needs by providing the highest quality service. Preng's record of accomplishment is directly attributable to their experienced staff, worldwide network of industry contacts, proven search methodology, and high standards of professionalism. Preng has conducted over 3000 searches for board, executive, management, and professional positions in its 35-year history and has the highest success and repeat client track record.

Preng's practice is based on the premise that the search process is most effective when conducted by professionals with significant search industry experience. The company has earned a reputation for combining professional search disciplines with an in-depth industry and market understanding and has succeeded in some of the industry's most challenging and high-profile searches. Preng's international reach allows it to effectively conduct global engagements; and as a member of the Association of Executive Search Consultants, Preng practices and promotes its high standards of conduct and professionalism.

For more information about Preng & Associates, contact Charles Carpenter, Partner at 713-243-2610 or ccarpenter@preng.com.

About Bank of America Merrill Lynch

Bank of America Merrill Lynch Oil and Gas Group

The Bank of America Merrill Lynch (BofAML) Oil and Gas practice is comprised of a global team of bankers dedicated to covering the energy industry, dating back to the 1920s when Texas predecessor banks pioneered reserve-based lending.  The practice includes an experienced in-house Petroleum Engineering team with over 150 years of combined experience. With one of the only full-service financial energy platforms in the industry, the BofAML oil and gas team manages significant capital commitments in the energy sector with dedicated bankers based in Calgary, Denver, Dallas, Houston, London and New York.

The BofA Merrill Lynch Global Research platform offers clients access to information and actionable ideas on stocks, bonds, economics and investment strategies. With approximately 700 analysts in more than 20 countries, we offer our clients knowledge about economic and business developments that are having an impact on the markets, so that they can work with their financial advisors to make the most of opportunities.  BofA Merrill Lynch Global Research was ranked No. 1 for the fourth consecutive year on the 2014 list of Top Global Research Firms, Institutional Investor. 

About AssuredPartners

AssuredPartners Colorado (AP CO) combines 30+ years of experience with leading-edge products to provide exceptional service and value to our customers. We provide a full range of brokerage services including employee benefits, property and casualty, and retirement. Headquartered in Colorado, we think globally but act locally, with personal services designed specifically for each individual client. AP CO utilizes resources with national networks of brokers to ensure we can meet your every need and find answers to your questions quickly and efficiently.

Our goal is to achieve a long-term relationship focused on bringing value to your employee benefits management and insurance programs. We are committed to utilizing our collective talent to support your insurance goals. We work to identify activities that drive claim frequency, and implement an action plan to control health care costs and promote a healthy work environment for your employees.

Securing the best insurance package for your business begins with planning. Analyzing all your risks is critical to successful implementation of your insurance plan. AP CO will partner with you by providing ongoing assistance, consultation and service that will help you control your insurance expenses, choose the best plan to fit your company's needs and promote health care consumerism.

For more information on Assured Partners, please visit the website, call (800) 322-9773 or email info@assuredptrco.com.

About DNB ASA

DNB is Norway's largest financial services provider, with total assets approaching $400 billion. The bank has for years been a major provider of capital to the oil & gas industry, growing up literally side by side with the highly prolific fields developed in the Norwegian Sector of the North Sea. The Oslo Energy Office maintains a global financing strategy, and serves this market through multiple offices around the world including Houston, London and Singapore.

Energy Americas, based in Houston, comprises approximately 20 seasoned energy finance professionals. Aside from facilitating the bank's global business strategies, the office concentrates primarily on serving middle market and larger customers in the four principal oil & gas sectors — upstream, midstream, downstream and service — as well as in Power and Renewables. The bank offers a variety of financial products, from traditional oil & gas reserve financing, to longer-term capital markets transactions and merger/acquisition advisory services through its broker-dealer arm, DNB Markets, Inc. Ancillary service capabilities include cash management/depository services, as well as commodity and interest rate hedging.

For information on DNB's energy services, please visit the DNB energy website.

About Fifth Third Bancorp

Fifth Third Bank is a diversified financial services company with over $120 billion in assets. The Bank's energy group is comprised of experienced and knowledgeable individuals that can assist in providing and structuring financial solutions to meet their clients' needs across the upstream, midstream, downstream and services sectors. Solutions and capabilities include commodity hedging, interest rate management, foreign exchange, debt capital markets, treasury management, and depository/investment products.

For more information, please contact Richard Butler at 713-401-6101 or richard.butler@53.com.

About CIBC

CIBC is a leading North American bank headquartered in Canada and with offices around the world. CIBC was originally founded nearly 150 years ago, and has supported and financed the energy industry for many decades. CIBC was recently ranked as the strongest publicly traded bank in North America by Bloomberg, and is rated A+/Aa3 by S&P and Moody's, respectively.

Our energy specialists draw on the breadth of CIBC's capabilities to provide market insights and creative solutions for our clients. Services include corporate banking, commodity and interest rate hedging and strategy, A&D advisory, and capital markets.

CIBC is publicly traded on the NYSE and Toronto Stock Exchange under the symbol "CM" and has a market cap of $36 billion and nearly $400 billion in total assets. For more information, please visit the CIBC energy website.

About Haynes and Boone

Haynes and Boone, LLP is an energy-focused corporate law firm, providing a full spectrum of legal services to our clients across the oil and gas industry, including the upstream, midstream, and downstream sectors. We serve energy clients from our offices in Texas, Colorado, New York, California, Washington, D.C., London, Mexico City and Shanghai. We work as a team representing U.S. and foreign public and private companies engaged in the dynamic day-to-day work of finding and extracting oil and gas, and the banks, investment funds and other investors that support them.

Our team of more than 100 energy lawyers and landmen understands the U.S. and international physical and financial energy markets, and the firm has been helping operators and lenders complete some of the largest financings and M&A transactions in recent years. With more than 600 attorneys, Haynes and Boone is ranked among the largest law firms in the nation by The National Law Journal, and our energy lawyers have been ranked by publications such as Best Lawyers in America, Chambers and Partners and Who's Who in Energy.

For more info, please visit www.haynesboone.com.

About Crédit Agricole Corporate and Investment Bank

Crédit Agricole Corporate and Investment Bank is the corporate and investment banking arm of the Crédit Agricole Group, the world's eighth largest bank by total assets (The Banker, July 2014). Crédit Agricole CIB offers its clients a comprehensive range of products and services in capital markets, brokerage, investment banking, structured finance, corporate banking, and international private banking.

The Bank provides support to clients in large international markets through its network, with a presence in major countries in Europe, the Americas, Asia and the Middle East.

With headquarters in New York City, and U.S. offices in Houston and Chicago, Credit Agricole CIB Americas offers its corporate and institutional clients financial products and services and made-to-order structuring, origination and distribution, through both its banking unit Credit Agricole CIB, and the full-service broker-dealer Credit Agricole Securities (USA) Inc., which is a member of the NYSE and NASD.  Credit Agricole CIB is also present in Montreal, Canada, and in Latin America with offices in Argentina, Brazil, and Mexico.

The Energy Industry represents the single largest concentration of industry exposure at Credit Agricole Corporate and Investment Bank, whose specialty focus dates back over 100 years. Our Energy practice for North America, located in Houston, focuses on all segments of the business and covers it on a truly global basis.

For more information, visit www.ca-cib.com.

About Natixis

Natixis is the international corporate and investment banking, asset management, insurance and financial services arm of Groupe BPCE, the second-largest banking group in France.

Natixis Corporate & Investment Banking advises and assists corporations, financial institutions, institutional investors, financial sponsors, public-sector organizations and the networks of Groupe BPCE. We furnish a diversified array of financing solutions, provide access to capital markets and transaction banking services. 

Areas of expertise include Advisory: M&A, primary equity, capital & rating advisory; Financing: vanilla and structured; Capital Markets: equities, fixed income, credit, forex and commodities; Global Transaction Banking: trade finance, cash management, liquidity management and correspondent banking; Research: economic, credit, equity and quantitative.

The Bank leverages the expertise and highly technical skills of its teams, and provides industry-recognized research to build innovative and mix-and-matchable solutions. Corporate and Investment Banking is present on the main financial markets via three international platforms: Americas, Asia-Pacific, and EMEA (Europe, Middle East, Africa).

About PJ SOLOMON

PJ SOLOMON is an investment banking advisory firm that provides strategic advisory services to chief executive officers and senior management, owners of public and private companies, boards of directors, and special committees.

Our full suite of advisory services includes Mergers and Acquisitions, Restructuring and Capital Markets across a range of industry verticals.

The PJ SOLOMON Energy Advisory Group provides strategic investment banking advisory services to public and private clients across the energy chain. Drawing upon our extensive sector relationships and deep strategic and operational expertise, we can offer a unique and valued advisory platform for the upstream, upstream A&D, midstream and the utility sectors.

Based in our Houston office, the PJ SOLOMON Energy team holds more than 100 years of experience on a broad range of domestic and cross-border transactions including mergers and acquisitions, A&D, restructurings, bankruptcies, and public and private capital raisings.

Industry sectors/sub-sectors include: Upstream, Upstream A&D, Midstream, Energy related and Utilities.

About PNC Financial Services Group

PNC is one of the largest, best-regarded and best-capitalized financial services companies in the country, with approximately $325 billion in assets and offices in 33 states, Canada and the United Kingdom.

PNC's Energy Group, headed by Tom Byargeon, is a significant capital and service provider to energy companies, with approximately $6.5 billion in commitments to the industry. The Energy office in Houston houses a team with extensive experience and deep relationships across the entire energy supply chain. This group also offers strategic corporate finance advice and delivers PNC's comprehensive set of solutions and capabilities, including commodity and interest rate hedging, debt capital markets, loan syndications, treasury management, asset securitization, equipment finance and institutional investments.

For more information, please contact Tom Byargeon at 713-353-8782 or tom.byargeon@pnc.com. You can also visit www.pnc.com.

About MUFG

Mitsubishi UFJ Financial Group (MUFG) has been a leading provider of banking services to the oil and gas industry in the Americas for more than 30 years, consistently ranking in the Top 10 Lead Arrangers and Top 10 Bond Arrangers in the Thomson Reuters Oil and Gas League Tables.

We support clients across the industry—from regional exploration and production to global diversified services companies—that benefit from our focused approach, strong execution, and customized services. Whether you are looking to expand existing reserves, make an acquisition, or streamline operations, we can support your growth with services, including: underwriting and syndications; U.S./Canadian cross-border funding; securities underwriting and placements; leasing and tax equity financing; and commodities, interest rate, and foreign exchange risk management. 

For more information, visit: www.mufgamericas.com/oil-gas.

About Wells Fargo & Company

Wells Fargo & Company is a nationwide, diversified, community-based financial services company providing banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,700 locations, 12,500 ATMs, and the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy.

The Energy Banking Group, headed by Bart Schouest, provides corporate banking products and services to the energy sector, including upstream, midstream, oilfield services, and diversified industries. With offices in Houston, Dallas, Denver, Calgary, and Aberdeen the group's success is driven by in-depth industry expertise and longstanding relationships with key industry participants. The group has over $45 billion of credit commitments to public and private companies across the upstream, midstream, downstream, services, and power and utilities sectors.

The Energy & Power Investment Banking Group, headed by James Kipp, provides strategic advisory and corporate finance expertise to energy and power clients, including upstream, midstream, oilfield services, downstream, coal and the power & utilities sectors. Areas of focus include equity, equity-linked and debt underwritings, private placements, syndications, and mergers and acquisitions. The Energy & Power Investment Banking Group has offices in Houston and Charlotte.

These teams work together to offer clients industry and product expertise, in addition to sharing their understanding of internal and external forces that drive both industry trends and financial markets. For additional information, contact us at 713-319-1350 or Energy@wellsfargo.com.

To learn more about Wells Fargo & Company, please visit the company's web site at www.wellsfargo.com.

About SMBC

Sumitomo Mitsui Banking Corporation (SMBC) is a core member of Sumitomo Mitsui Financial Group (SMFG), a Tokyo-based bank holding company that is ranked among the largest 25 banks globally by assets under management.

SMBC Americas Division, with more than 2,500 employees, oversees operations in the U.S., Canada, Mexico, and South America. We work across SMFG to offer corporate and institutional clients sophisticated and comprehensive financial services around the globe.

SMBC's roots in Japan trace back more than 400 years to 1590. The Americas Division of SMBC has more than a century of experience in the United States, beginning when the San Francisco branch of Sumitomo Bank was established in 1919. Sumitomo Mitsui Financial Group (NYSE: SMFG) was listed on the New York Stock Exchange in 2010.

For more information please visit the corporate website: www.smbcgroup.com/americas/group-companies/

CONTACT: 303-296-8834

View original content:http://www.prnewswire.com/news-releases/enercom-announces-presenting-companies-for-the-oil--gas-conference-23-300669633.html

SOURCE EnerCom, Inc.

HOUSTON, Sept. 22, 2017 /PRNewswire/ -- Key Energy Services, Inc. (NYSE: KEG) will present at the Johnson Rice 2017 Energy Conference, Wednesday, September 27, 2017 in New Orleans, LA.

Marshall Dodson, Key's Senior Vice President and Chief Financial Officer, is scheduled to present at 10:30 a.m. CDT. The presentation will be available via a live webcast. To access the webcast, a replay of the webcast and slide presentation, go to www.keyenergy.com, select "Investor Relations" and click on the menu titled "Upcoming Events".

About Key Energy Services
Key Energy Services is the largest onshore, rig-based well servicing contractor based on the number of rigs owned. Key provides a complete range of well intervention services and has operations in all major onshore oil and gas producing regions of the continental United States.

Contact:
West Gotcher, Investor Relations
713-757-5539

View original content:http://www.prnewswire.com/news-releases/key-energy-services-to-present-at-the-johnson-rice-2017-energy-conference-300524601.html

SOURCE Key Energy Services, Inc.

HOUSTON, Sept. 21, 2017 /PRNewswire/ -- Key Energy Services, Inc. (NYSE: KEG) has closed on the sale of its well intervention business in Russia ("Russian Business") to an undisclosed buyer for an undisclosed amount.

Key's President and Chief Executive Officer, Robert Drummond, stated, "The sale of Key's Russian Business marks the culmination of the strategic initiative set forth in early 2015 to fully-exit markets outside of the U.S. This is an important milestone in Key's history and further solidifies our commitment to our customers as a leading U.S.-focused production services company."

About Key Energy Services

Key Energy Services is the largest onshore, rig-based well servicing contractor based on the number of rigs owned. Key provides a complete range of well intervention services and has operations in all major onshore oil and gas producing regions of the continental United States.

Forward-Looking Statements

This press release 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 Key's current expectations, estimates and projections and its management's beliefs and assumptions concerning future events and financial trends affecting its financial condition and results of operations. In some cases, you can identify these statements by terminology such as "may," "will," "should," "predicts," "expects," "believes," "anticipates," "projects," "potential" or "continue" or the negative of such terms and other comparable terminology. These statements are only predictions and are subject to substantial risks and uncertainties and are not guarantees of performance. Future actions, events and conditions and future results of operations may differ materially from those expressed in these statements. In evaluating those statements, you should carefully consider the information above as well as the risks outlined in "Item 1A. Risk Factors," in Key's Annual Report on Form 10-K for the year ended December 31, 2016 and in other reports Key files with the Securities and Exchange Commission.

Key undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release except as required by law. All of Key's written and oral forward-looking statements are expressly qualified by these cautionary statements and any other cautionary statements that may accompany such forward-looking statements.

Important factors that may affect Key's expectations, estimates or projections include, but are not limited to, the following: conditions in the oil and natural gas industry, especially oil and natural gas prices and capital expenditures by oil and natural gas companies; volatility in oil and natural gas prices; Key's ability to implement price increases or maintain pricing on its core services; risks that Key may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed in its businesses; industry capacity; asset impairments or other charges; the periodic low demand for Key's services and resulting operating losses and negative cash flows; Key's highly competitive industry as well as operating risks, which are primarily self-insured, and the possibility that its insurance may not be adequate to cover all of its losses or liabilities; significant costs and potential liabilities resulting from compliance with applicable laws, including those resulting from environmental, health and safety laws and regulations, specifically those relating to hydraulic fracturing, as well as climate change legislation or initiatives; Key's historically high employee turnover rate and its ability to replace or add workers, including executive officers and skilled workers; Key's ability to incur debt or long-term lease obligations; Key's ability to implement technological developments and enhancements; severe weather impacts on Key's business; Key's ability to successfully identify, make and integrate acquisitions and its ability to finance future growth of its operations or future acquisitions; Key's ability to achieve the benefits expected from disposition transactions; the loss of one or more of Key's larger customers; Key's ability to generate sufficient cash flow to meet debt service obligations; the amount of Key's debt and the limitations imposed by the covenants in the agreements governing its debt, including its ability to comply with covenants under its current debt agreements; an increase in Key's debt service obligations due to variable rate indebtedness; Key's inability to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and its inaccurate assessment of future activity levels, customer demand, and pricing stability which may not materialize (whether for Key as a whole or for geographic regions and/or business segments individually); risks affecting Key's international operations, including risks affecting Key's ability to execute its plans to withdraw from international markets outside North America; Key's ability to respond to changing or declining market conditions, including Key's ability to reduce the costs of labor, fuel, equipment and supplies employed and used in its businesses; Key's ability to maintain sufficient liquidity; the adverse impact of litigation; and other factors affecting Key's business described in "Item 1A. Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2016, and other reports Key files with the Securities and Exchange Commission.

Contact:
West Gotcher, Investor Relations
713-757-5539  

View original content:http://www.prnewswire.com/news-releases/key-energy-services-announces-the-sale-of-its-well-intervention-business-in-russia-300524077.html

SOURCE Key Energy Services, Inc.

HOUSTON, Aug. 14, 2017 /PRNewswire/ -- Key Energy Services, Inc. (NYSE: KEG) will present at EnerCom's The Oil & Gas Conference, Wednesday, August 16, 2017 in Denver, CO.

Marshall Dodson, Key's Senior Vice President and Chief Financial Officer, is scheduled to present at 10:30 a.m. MDT / 11:30 a.m. CDT. The presentation will be available via a live webcast. To access the webcast, a replay of the webcast and slide presentation, go to www.keyenergy.com, select "Investor Relations" and click on the menu titled "Upcoming Events".

About Key Energy Services
Key Energy Services is the largest onshore, rig-based well servicing contractor based on the number of rigs owned. Key provides a complete range of well intervention services and has operations in all major onshore oil and gas producing regions of the continental United States and internationally in Russia.

Contact:
West Gotcher, Investor Relations
713-757-5539

View original content:http://www.prnewswire.com/news-releases/key-energy-services-to-present-at-enercoms-the-oil--gas-conference-300503798.html

SOURCE Key Energy Services, Inc.

HOUSTON, Aug. 8, 2017 /PRNewswire/ -- Key Energy Services, Inc. (NYSE:KEG) reported second quarter 2017 consolidated revenues of $107.8 million and a pre-tax GAAP loss of $14.0 million, or $0.66 per share. The results for the second quarter include a $21.0 million gain on sale of assets, $4.0 million of stock-based compensation expense and $1.6 million of severance expense. Excluding these items, the Company reported a pre-tax loss of $29.4 million, or $1.42 per share.

Overview and Outlook

Key's President and Chief Executive Officer, Robert Drummond, stated, "During the second quarter, each of our U.S. segments generated positive Adjusted EBITDA for the first time in well over a year driven by top-line improvement, particularly in Coiled Tubing Services, and strong incremental margins in each business as the benefits of our organizational restructuring initiatives continued to emerge. Margins also benefited from some sequential pricing increases in each business. In total, consolidated Adjusted EBITDA, excluding International results, increased by approximately $10 million sequentially. While we experienced increasing activity, oil price pressure dampened the activity momentum we anticipated entering the second quarter yielding lower than anticipated activity growth.

"Additionally, during the second quarter, we improved our liquidity position through the disposition of two non-core businesses. The proceeds realized from these divestitures, along with the removal of cash flow negative businesses, will allow us to deploy the capital to actionable return-accretive opportunities as broader market conditions and activity levels warrant these investments."

Drummond continued, "Looking forward, I see significant opportunities in production services, particularly as it relates to the aging horizontal wellbore and the growing backlog of wells that have experienced deferred maintenance. We are pleased with how the Company is positioned to take advantage of these opportunities and with the incremental earnings generation capacity the Company offers today compared to the last market up-cycle. We believe when oil prices stabilize at a sufficiently economic level for our customers that activity will begin to ramp for our core production services."

Financial Overview

Upon emergence from Chapter 11 bankruptcy on December 15, 2016, the Company adopted fresh start accounting, which resulted in the Company becoming a new entity for financial reporting purposes. References to "Successor" relate to the financial position of the reorganized Key as of and subsequent to December 16, 2016; references to "Predecessor" refer to the financial position of Key as of and prior to December 15, 2016 and the results of operations through December 15, 2016. References to fourth quarter 2016 will reflect pro-forma results for the Predecessor and Successor entities.

The following table sets forth summary data for the second quarter 2017 and prior comparable quarterly periods:

U.S. Results

Second quarter 2017 U.S. Rig Services revenues of $61.8 million were up 2.5% as compared to the first quarter 2017. Second quarter operating loss was $0.2 million, or -0.3% of revenue, which included severance of $0.9 million, stock-based compensation expense of $0.6 million and a gain on sale of assets of $0.4 million; excluding these items, normalized operating income was $1.0 million, or 1.6% of revenue. These results compare to first quarter operating loss of $2.1 million, or -3.5% of revenue, which included stock-based compensation expense of $0.4 million; excluding this item, normalized operating loss was $1.6 million, or -2.7% of revenue. The operating loss for the first quarter also included approximately $1.1 million of incremental employment related taxes and $1.1 million of equipment make-ready costs.

Second quarter 2017 Fluid Management Services revenues of $18.9 million were up 5.4% as compared to the first quarter 2017. Second quarter operating loss was $3.2 million, or -17.1% of revenue, which included $0.1 million of stock-based compensation expense and a gain on sale as of assets of $0.2 million; excluding these items, normalized operating loss was $3.4 million, or -17.9% of revenue. These results compare to first quarter operating loss of $6.9 million, or -38.8% of revenue, which included $0.1 million of stock-based compensation expense and a gain on sale as of assets of $0.1 million; excluding these items, normalized operating loss was $6.9 million, or -38.8% of revenue. The operating loss for the first quarter also includes approximately $0.3 million of additional employment related taxes and $0.9 million of costs associated with an SWD explosion due to lightning. Truck hours were up approximately 3% sequentially while pricing was up approximately 2% sequentially.

Second quarter 2017 Coiled Tubing Services revenues of $9.2 million were up 71.6% as compared to the first quarter 2017. Second quarter operating income was $0.3 million, or 3.5% of revenue, which included $0.1 million of stock-based compensation expense; excluding this item, normalized operating income was $0.4 million, or 4.2% of revenue. These results compare to first quarter operating loss of $2.3 million, or -42.8% of revenue, which included $0.1 million of stock-based compensation expense and $0.1 million of severance; excluding these items, normalized operating loss was $2.2 million, or -40.6% of revenue. Activity in our largest, completions-driven coiled tubing units was up approximately 110% as we deployed a large-diameter unit early in the quarter and pricing on these units was up approximately 17% sequentially.

Second quarter 2017 Fishing & Rental Services revenues of $15.8 million were down -0.5% as compared to the first quarter 2017. Second quarter operating income was $17.5 million, or 110.9% of revenue, which included a $20.7 million gain on sale of assets and $0.1 million of severance expense; excluding these items, normalized operating loss was $3.1 million, or -19.8% of revenue. These results compare to first quarter operating loss of $3.9 million, or -24.5% of revenue, which included $0.1 million of severance expense and a $0.1 million gain on sale of assets; excluding these items, normalized operating loss was $4.0 million, or -25.0% of revenue. The frac stack and well testing business reported within the Fishing & Rental Services segment was divested during the second quarter. Excluding the revenue associated with the divested assets, second quarter Fishing & Rental services revenue was $13.8 million, up 1.9% million as compared to the first quarter. Excluding the results associated with the divested assets, normalized operating loss in the second quarter was $2.8 million, or -20.3% of revenue, as compared to a normalized operating loss of $3.5 million, or -26.2% of revenue, in the first quarter.

International Segment

Second quarter 2017 International revenues were $2.2 million, up 4.8% as compared to first quarter 2017 revenues of $2.1 million. Second quarter operating loss was $1.3 million, or -62.3% of revenues, which included a $0.3 million loss on sale of assets; excluding this item, normalized operating income was $1.0 million, or -46.7% of revenue. These results compare to first quarter 2017 operating loss of $2.3 million, or -111.1% of revenues, which included severance of $0.3 million, a $0.2 million charge associated with an impairment of assets and a $0.1 million loss associated with the sale of assets; excluding these items, normalized operating income was $1.8 million, or -85.7% of revenue.

General and Administrative Expenses        

General and Administrative (G&A) expenses were $30.3 million for the second quarter 2017 compared to $31.0 million in the prior quarter. Second quarter G&A expenses included $3.7 million of stock-based compensation expense and $1.5 million in severance. This compares to first quarter 2017 G&A expenses that included $3.5 million of stock-based compensation expense, $1.8 million in professional fees associated with the Company's financial restructuring $0.7 million in higher employment related taxes and $0.1 million in severance. Excluding these items and International G&A of $0.9 million, G&A expense in the second quarter was $24.2 million as compared to $23.5 million in the first quarter.

Liquidity

As of June 30, 2017, the Company had total liquidity of $120.4 million, consisting of $94.7 million in unrestricted cash and $25.7 million of borrowing capacity available under the Company's $100.0 million asset-based loan facility. This compares to total liquidity of $108.8 million at March 31, 2017, consisting of $82.7 million in unrestricted cash and $26.1 million of borrowing capacity available under the Company's $100.0 million asset-based loan facility.

Conference Call Information

As previously announced, Key management will host a conference call to discuss its second quarter 2017 financial results on Wednesday, August 9, 2017 at 10:00 a.m. CDT. Callers from the U.S. and Canada should dial 888-794-4637 to access the call. International callers should dial 352-204-8973. All callers should ask for the "Key Energy Services Conference Call" or provide the access code 57872114. The conference call will also be available live via the internet. To access the webcast, go to www.keyenergy.com  and select "Investor Relations."

A telephonic replay of the conference call will be available on Wednesday, August 9, 2017, beginning approximately two hours after the completion of the conference call and will remain available for one week. To access the replay, call 855-859-2056 or 800-585-8367. The access code for the replay is 57872114. The replay will also be accessible at www.keyenergy.com  under "Investor Relations" for a period of at least 90 days.

Following is a reconciliation of net loss as presented in accordance with United States generally accepted accounting principles (GAAP) to EBITDA and Adjusted EBITDA as required under Regulation G of the Securities Exchange Act of 1934.

"EBITDA" is defined as income or loss attributable to Key before interest, taxes, depreciation, and amortization.

"Adjusted EBITDA" is EBITDA as further adjusted for certain non-recurring or extraordinary items such as impairment expense, severance expense, loss on debt extinguishment, gains or losses on asset sales, asset retirements and impairments, and certain non-recurring transaction or other costs.

EBITDA and Adjusted EBITDA are non-GAAP measures that are used as supplemental financial measures by the Company's management and directors and by external users of the Company's financial statements, such as investors, to assess:

• The financial performance of the Company's assets without regard to financing methods, capital structure or historical cost basis;
• The ability of the Company's assets to generate cash sufficient to pay interest on its indebtedness;
• The Company's operating performance and return on invested capital as compared to those of other companies in the well services industry, without regard to financing methods and capital structure; and
• The Company's operating trends underlying the items that tend to be of a non-recurring nature.

Normalized operating loss is a non-GAAP financial measure and is defined as operating loss plus or minus certain items such as impairment expense, severance expense, FCPA settlement costs and FCPA investigation costs.  Normalized operating loss is used as a supplemental financial measure by the Company's management and directors and by external users of the Company's financial statements, such as investors, primarily to compare the Company's core operating and financial performance from period to period without regard to the many non-cash accounting charges or unusual expenses that have impacted the Company's GAAP operating income and net income due to the severe downturn in the company's business.

EBITDA, Adjusted EBITDA and normalized operating income have limitations as analytical tools and should not be considered an alternative to net income, operating income, cash flow from operating activities, or any other measure of financial performance or liquidity presented in accordance with GAAP. EBITDA, Adjusted EBITDA and normalized operating income exclude some, but not all, items that affect net income and operating income and these measures may vary among other companies. Limitations in using normalized operating loss as an analytical tool include that normalized operating loss excludes certain cash costs and losses actually incurred by the Company. Limitations to using EBITDA and Adjusted EBITDA as an analytical tool include:

• EBITDA and Adjusted EBITDA do not reflect Key's current or future requirements for capital expenditures or capital commitments;
• EBITDA and Adjusted EBITDA do not reflect changes in, or cash requirements necessary to service, interest or principal payments on Key's debt;
• EBITDA and Adjusted EBITDA do not reflect income taxes;
• Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and EBITDA and Adjusted EBITDA do not reflect any cash requirements for such replacements;
• Other companies in Key's industry may calculate EBITDA and Adjusted EBITDA differently than Key does, limiting their usefulness as a comparative measure; and
• EBITDA and Adjusted EBITDA are a different calculation from earnings before interest, taxes, depreciation and amortization as defined for purposes of the financial covenants in the Company's senior secured credit facility, and therefore should not be relied upon for assessing compliance with covenants.

Forward-Looking Statements

This press release 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 Key's current expectations, estimates and projections and its management's beliefs and assumptions concerning future events and financial trends affecting its financial condition and results of operations. In some cases, you can identify these statements by terminology such as "may," "will," "should," "predicts," "expects," "believes," "anticipates," "projects," "potential" or "continue" or the negative of such terms and other comparable terminology. These statements are only predictions and are subject to substantial risks and uncertainties and are not guarantees of performance. Future actions, events and conditions and future results of operations may differ materially from those expressed in these statements. In evaluating those statements, you should carefully consider the information above as well as the risks outlined in "Item 1A. Risk Factors," in Key's Annual Report on Form 10-K for the year ended December 31, 2016 and in other reports Key files with the Securities and Exchange Commission.

Key undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release except as required by law. All of Key's written and oral forward-looking statements are expressly qualified by these cautionary statements and any other cautionary statements that may accompany such forward-looking statements.

Important factors that may affect Key's expectations, estimates or projections include, but are not limited to, the following: conditions in the oil and natural gas industry, especially oil and natural gas prices and capital expenditures by oil and natural gas companies; volatility in oil and natural gas prices; Key's ability to implement price increases or maintain pricing on its core services; risks that Key may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed in its businesses; industry capacity; asset impairments or other charges; the periodic low demand for Key's services and resulting operating losses and negative cash flows; Key's highly competitive industry as well as operating risks, which are primarily self-insured, and the possibility that its insurance may not be adequate to cover all of its losses or liabilities; significant costs and potential liabilities resulting from compliance with applicable laws, including those resulting from environmental, health and safety laws and regulations, specifically those relating to hydraulic fracturing, as well as climate change legislation or initiatives; Key's historically high employee turnover rate and its ability to replace or add workers, including executive officers and skilled workers; Key's ability to incur debt or long-term lease obligations; Key's ability to implement technological developments and enhancements; severe weather impacts on Key's business; Key's ability to successfully identify, make and integrate acquisitions and its ability to finance future growth of its operations or future acquisitions; Key's ability to achieve the benefits expected from disposition transactions; the loss of one or more of Key's larger customers; Key's ability to generate sufficient cash flow to meet debt service obligations; the amount of Key's debt and the limitations imposed by the covenants in the agreements governing its debt, including its ability to comply with covenants under its current debt agreements; an increase in Key's debt service obligations due to variable rate indebtedness; Key's inability to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and its inaccurate assessment of future activity levels, customer demand, and pricing stability which may not materialize (whether for Key as a whole or for geographic regions and/or business segments individually); risks affecting Key's international operations, including risks affecting Key's ability to execute its plans to withdraw from international markets outside North America; Key's ability to respond to changing or declining market conditions, including Key's ability to reduce the costs of labor, fuel, equipment and supplies employed and used in its businesses; Key's ability to maintain sufficient liquidity; the adverse impact of litigation; and other factors affecting Key's business described in "Item 1A. Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2016, and other reports Key files with the Securities and Exchange Commission.

About Key Energy Services

Key Energy Services is the largest onshore, rig-based well servicing contractor based on the number of rigs owned. Key provides a complete range of well intervention services and has operations in all major onshore oil and gas producing regions of the continental United States and internationally in Russia.

Contact:
West Gotcher
713-757-5539

View original content:http://www.prnewswire.com/news-releases/key-energy-services-reports-second-quarter-2017-earnings-300501597.html

SOURCE Key Energy Services, Inc.

HOUSTON, July 28, 2017 /PRNewswire/ -- Key Energy Services, Inc. (NYSE: KEG) will report second quarter 2017 financial results after market close on Tuesday, August 8, 2017, and Key management will host a conference call to discuss these results on Wednesday, August 9, 2017 at 10:00 a.m. CDT.

Callers from the U.S. and Canada should dial 888-794-4637 to access the call. International callers should dial 352-204-8973. All callers should ask for the "Key Energy Services Conference Call" or provide the access code 57872114. The conference call will also be available live via the internet. To access the webcast, go to www.keyenergy.com and select "Investor Relations."

A telephonic replay of the conference call will be available on Wednesday, August 9, 2017, beginning approximately two hours after the completion of the conference call and will remain available for one week. To access the replay, call 855-859-2056 or 800-585-8367. The access code for the replay is 57872114. The replay will also be accessible at www.keyenergy.com under "Investor Relations" for a period of at least 90 days.

About Key Energy Services
Key Energy Services is the largest onshore, rig-based well servicing contractor based on the number of rigs owned. Key provides a complete range of well intervention services and has operations in all major onshore oil and gas producing regions of the continental United States and internationally in Russia.

Contact:
West Gotcher, Investor Relations
713-757-5539

View original content:http://www.prnewswire.com/news-releases/key-energy-services-provides-second-quarter-2017-earnings-release-and-conference-call-information-300496138.html

SOURCE Key Energy Services, Inc.

HOUSTON, June 30, 2017 /PRNewswire/ -- Key Energy Services, Inc. (NYSE: KEG) has closed on the sale of Advanced Measurements, Inc. ("AMI"), its technology development and controls system business based in Alberta, Canada, to AFGlobal Corporation for an undisclosed amount.

Key's President and Chief Executive Officer, Robert Drummond, stated, "The sale of AMI represents another step in our effort to fully exit all markets outside of the U.S. This divestiture allows Key to further streamline the Company in order to execute on its strategy as a leading production services provider."

About Key Energy Services
Key Energy Services is the largest onshore, rig-based well servicing contractor based on the number of rigs owned. Key provides a complete range of well intervention services and has operations in all major onshore oil and gas producing regions of the continental United States.

About AFGlobal
AFGlobal is an oil and gas OEM specializing in technology, products, and services. The company's fully-integrated manufacturing capabilities serve clients around the world. AFGlobal aligns well-established precision engineering with industry-leading innovation. The company provides strategic technologies to the upstream market, including advanced drilling systems, pressure pumping technologies, lifecycle services and subsea production systems. Headquartered in Houston, Texas, AFGlobal delivers value through more than 20 facilities worldwide. www.afglobalcorp.com.

Forward-Looking Statements

This press release 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 Key's current expectations, estimates and projections and its management's beliefs and assumptions concerning future events and financial trends affecting its financial condition and results of operations. In some cases, you can identify these statements by terminology such as "may," "will," "should," "predicts," "expects," "believes," "anticipates," "projects," "potential" or "continue" or the negative of such terms and other comparable terminology. These statements are only predictions and are subject to substantial risks and uncertainties and are not guarantees of performance. Future actions, events and conditions and future results of operations may differ materially from those expressed in these statements. In evaluating those statements, you should carefully consider the information above as well as the risks outlined in "Item 1A. Risk Factors," in Key's Annual Report on Form 10-K for the year ended December 31, 2016 and in other reports Key files with the Securities and Exchange Commission.

Key undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release except as required by law. All of Key's written and oral forward-looking statements are expressly qualified by these cautionary statements and any other cautionary statements that may accompany such forward-looking statements.

Important factors that may affect Key's expectations, estimates or projections include, but are not limited to, the following: conditions in the oil and natural gas industry, especially oil and natural gas prices and capital expenditures by oil and natural gas companies; volatility in oil and natural gas prices; Key's ability to implement price increases or maintain pricing on its core services; risks that Key may not be able to reduce, and could even experience increases in, the costs of labor, fuel, equipment and supplies employed in its businesses; industry capacity; asset impairments or other charges; the periodic low demand for Key's services and resulting operating losses and negative cash flows; Key's highly competitive industry as well as operating risks, which are primarily self-insured, and the possibility that its insurance may not be adequate to cover all of its losses or liabilities; significant costs and potential liabilities resulting from compliance with applicable laws, including those resulting from environmental, health and safety laws and regulations, specifically those relating to hydraulic fracturing, as well as climate change legislation or initiatives; Key's historically high employee turnover rate and its ability to replace or add workers, including executive officers and skilled workers; Key's ability to incur debt or long-term lease obligations; Key's ability to implement technological developments and enhancements; severe weather impacts on Key's business; Key's ability to successfully identify, make and integrate acquisitions and its ability to finance future growth of its operations or future acquisitions; Key's ability to achieve the benefits expected from disposition transactions; the loss of one or more of Key's larger customers; Key's ability to generate sufficient cash flow to meet debt service obligations; the amount of Key's debt and the limitations imposed by the covenants in the agreements governing its debt, including its ability to comply with covenants under its current debt agreements; an increase in Key's debt service obligations due to variable rate indebtedness; Key's inability to achieve its financial, capital expenditure and operational projections, including quarterly and annual projections of revenue and/or operating income and its inaccurate assessment of future activity levels, customer demand, and pricing stability which may not materialize (whether for Key as a whole or for geographic regions and/or business segments individually); risks affecting Key's international operations, including risks affecting Key's ability to execute its plans to withdraw from international markets outside North America; Key's ability to respond to changing or declining market conditions, including Key's ability to reduce the costs of labor, fuel, equipment and supplies employed and used in its businesses; Key's ability to maintain sufficient liquidity; the adverse impact of litigation; and other factors affecting Key's business described in "Item 1A. Risk Factors" in its Annual Report on Form 10-K for the year ended December 31, 2016, and other reports Key files with the Securities and Exchange Commission.

Contact:
West Gotcher, Investor Relations
713-757-5539

SOURCE Key Energy Services, Inc.

HOUSTON, May 10, 2017 /PRNewswire/ -- Key Energy Services, Inc. (NYSE: KEG) reported first quarter 2017 consolidated revenues of $101.5 million and a pre-tax GAAP loss of $47.1 million, or $2.33 per share. The results for the first quarter include $3.7 million of stock-based compensation expense, $3.1 million of professional fees and other expenses related to the Company's financial restructuring, $0.5 million of severance expense, a $0.2 million charge for asset impairment and a $0.1 million gain on sale of assets. Excluding these items, the Company reported a pre-tax loss of $39.7 million, or $1.97 per share.

Overview and Outlook

Key's President and Chief Executive Officer, Robert Drummond, stated, "During the first quarter, we made significant progress in our efforts to improve the financial performance of the reorganized company. In our U.S. segments, lower operating costs somewhat offset the revenue impacts from an activity deferral by a large customer and heavy rains in California, both of which impacted Rig Services, and a seasonal slowdown of Coiled Tubing segment work in the Northeast. Excluding the impact of the aforementioned large customer and weather in California, our Rig Services revenue was up 8% sequentially, with revenue from our top 25 Rig Services customers up 11% sequentially. Overall, our discount recovery efforts generated some improvement but were dampened by the softness in oil prices during the quarter.

"Thus far in the second quarter, we continued to see increases in activity and additional traction on discount recovery, including some customers that are seeking to lock-in pricing for the second half of 2017. We are also seeing an increase in inquiries regarding equipment and crew availability for well maintenance and repair activity. We view these two dynamics as positive indicators of future demand."

Drummond continued, "Our combined operating income margins in the U.S. were impacted by seasonal factors in the Northeast, weather in California and typical burden of unemployment taxes at the beginning of each year, combining for approximately 450 basis points of sequential margin erosion. Transitory equipment make-ready costs in advance of expected activity uplift impacted margins by approximately 110 basis points sequentially, in addition to approximately 360 basis points of margin impact related to new Management Incentive Plan equity compensation. Further, margins in the first quarter were impacted by approximately 90 basis points due to costs associated with a saltwater disposal well explosion due to a lightning strike.

"The absence of these costs and a full quarter of higher pricing achieved in the first quarter should produce revenue growth of 10% with strong incremental margins in the second quarter." 

Financial Overview

Upon emergence from Chapter 11 bankruptcy on December 15, 2016, the Company adopted fresh start accounting, which resulted in the Company becoming a new entity for financial reporting purposes. References to "Successor" relate to the financial position of the reorganized Key as of and subsequent to December 16, 2016; references to "Predecessor" refer to the financial position of Key as of and prior to December 15, 2016 and the results of operations through December 15, 2016. References to fourth quarter 2016 will reflect pro-forma results for the Predecessor and Successor entities.

The following table sets forth summary data for the first quarter 2017 and prior comparable quarterly periods: 

U.S. Results

First quarter 2017 U.S. Rig Services revenues of $60.3 million were down 2.4% as compared to the fourth quarter 2016. First quarter operating loss was $2.1 million, or -3.5% of revenue, which included stock-based compensation expense of $0.4 million; excluding this item, normalized operating loss was $1.6 million, or -2.7% of revenue. The operating loss for the first quarter also includes approximately $1.1 million of incremental employment related taxes and $1.1 million of equipment make-ready costs. These results compare to fourth quarter operating loss of $12.3 million, or -20.0% of revenue. Excluding two transitory disruptions pertaining to heavy rains in California and an unplanned activity disruption by a large customer, our Rig Services revenue was up 8% sequentially, with revenue from our top 25 Rig Services customers up 11% sequentially, excluding the aforementioned large customer.

First quarter 2017 Fluid Management Services revenues of $17.9 million were down 0.5% as compared to the fourth quarter 2016. First quarter operating loss was $6.9 million, or -38.8% of revenue, which included $0.1 million of stock-based compensation expense and a gain on sale as of assets of $0.1 million; excluding these items, normalized operating loss was $6.9 million, or -38.8% of revenue. The operating loss for the first quarter also includes approximately $0.3 million of additional employment related taxes and $0.9 million of costs associated with an SWD damaged by lightning. These results compare to fourth quarter operating loss of $12.0 million, or -68.8% of revenue. Truck hours declined 7.2% sequentially due to customer transition related to discount recovery.

First quarter 2017 Coiled Tubing Services revenues of $5.3 million were down 30.3% as compared to the fourth quarter 2016 due to a seasonal slowdown in the Northeast of maintenance work that was not offset by activity gains in the Eagle Ford shale. First quarter operating loss was $2.3 million, or -42.8% of revenue, which included $0.1 million of stock-based compensation expense and $0.1 million of severance; excluding these items, normalized operating loss was $2.2 million, or -40.6% of revenue. These results compare to fourth quarter operating loss of $3.0 million, or -39.1% of revenue.

First quarter 2017 Fishing & Rental Services revenues of $15.9 million were up 5.8% as compared to the fourth quarter 2016. First quarter operating loss was $3.9 million, or -24.5% of revenue, which included $0.1 million of severance expense and a $0.1 million gain on sale of assets; excluding these items, normalized operating loss was $4.0 million, or -25.0% of revenue. These results compare to fourth quarter operating loss of $6.9 million, or -45.0% of revenue.

International Segment

First quarter 2017 International revenues were $2.1 million, down 64.8% as compared to fourth quarter 2016 revenues of $5.9 million. First quarter operating loss was $2.3 million, or -111.1% of revenues, which included severance of $0.3 million, a $0.2 million charge associated with an impairment of assets and a $0.1 million loss associated with the sale of assets; excluding these items, normalized operating income was $1.8 million, or -85.7% of revenue. These results compare to fourth quarter 2016 operating loss of $4.8 million, or -81.7% of revenues.  During the first quarter, the Company entered into Letters of Intent with potential buyers of its remaining International operations and hopes to have the transactions closed by the end of the second quarter.  

General and Administrative Expenses 

General and Administrative (G&A) expenses were $31.0 million for the first quarter 2017 compared to $40.2 million in the prior quarter. First quarter G&A expenses included $3.5 million of stock-based compensation expense, $1.8 million in professional fees associated with the Company's financial restructuring $0.7 million in higher employment related taxes and $0.1 million in severance. This compares to fourth quarter 2016 G&A expenses that included $6.0 million of settlement accruals, $3.1 million of professional fees associated with the Company's financial restructuring, a $2.4 million expense related to financing and D&O policy expense, a $1.9 million expense related to vesting of equity compensation in bankruptcy, a $0.6 million charge associated with changes to vacation accrual policy and $0.7 million of severance expense. Excluding these items and International G&A of $1.4 million, G&A expense in the first quarter was $23.5 million as compared to $23.3 million in the fourth quarter.

Liquidity

As of March 31, 2017, the Company had total liquidity of $108.8 million, consisting of $82.7 million in unrestricted cash and $26.1 million of borrowing capacity available under the Company's $100.0 million asset-based loan facility. This compares to total liquidity of $118.2 million at December 31, 2016, consisting of $90.5 million in unrestricted cash and $27.7 million of borrowing capacity available under the Company's $100.0 million asset-based loan facility.

Conference Call Information

As previously announced, Key management will host a conference call to discuss its first quarter 2017 financial results on Thursday, May 11, 2017 at 10:00 a.m. CST. Callers from the U.S. and Canada should dial 888-794-4637 to access the call. International callers should dial 352-204-8973. All callers should ask for the "Key Energy Services Conference Call" or provide the access code 16486024. The conference call will also be available live via the internet. To access the webcast, go to www.keyenergy.com and select "Investor Relations."

A telephonic replay of the conference call will be available on Thursday, May 11, 2017, beginning approximately two hours after the completion of the conference call and will remain available for one week. To access the replay, call 855-859-2056 or 800-585-8367. The access code for the replay is 16486024. The replay will also be accessible at www.keyenergy.com under "Investor Relations" for a period of at least 90 days.