The facility, which totals 50,000 square feet under roof and covers approximately 40 acres, currently has more than 100 employees, with an additional 150 to be added over the next year. From this location, Key will service a 100-mile radius of the southern Barnett Shale.
Dick Alario, chairman and CEO, stated, "Our new multi-service facility marks a transition in our offering from pure well services to a complementary package of well production and stimulation services. Our customers are increasingly interested in Key providing more than just rigs and trucks. We have a tremendous opportunity in the Barnett Shale to combine our businesses in a way that brings higher value at the well site."
Key executives and Cleburne city officials celebrated the addition with a ribbon-cutting ceremony and lunch provided by Stewart and Stevenson of Dallas.
Houston-based Key Energy Services, Inc. is the world's largest rig-based well service company. The company provides oilfield services including well servicing, pressure pumping, fishing and rental tools, electric wireline and other oilfield services. The company has operations in all major onshore oil and gas producing regions of the continental United States and internationally in Argentina.
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