Key Energy Services Announces Promotion of J. Marshall Dodson to Chief Financial Officer

    Key Energy Services Announces Promotion of J. Marshall Dodson to Chief
                              Financial Officer

PR Newswire

HOUSTON, March 26, 2013

HOUSTON, March 26, 2013 /PRNewswire/ --Key Energy Services, Inc. (NYSE: KEG)
announced that effective March 25, 2013, John Marshall Dodson has been
promoted to Senior Vice President and Chief Financial Officer. Mr. Dodson
joined the Company in 2005 as Vice President and Chief Accounting Officer and
served in that capacity until his appointment as Vice President and Treasurer
in 2009. 

The Company also announced that T.M. "Trey" Whichard, III has retired from the
Company as Senior Vice President and Chief Financial Officer as of March 25,
2013.Mr. Whichard will remain available until June 24, 2013 to provide
transitional support.

Dick Alario, Key's Chairman, CEO and President, commented, "Marshall Dodson
has been instrumentalin Key's success, first inbuilding our accounting staff
and instituting processes and controlsover our financial reporting when he
arrived at Key in 2005.Marshall has, since then, led our treasury, business
analytics and risk management functions and has been the seniorofficer
overseeing our banking relationshipsand our access to capital markets. He
knows Key's operations welland has the experienceand skills to move
seamlessly into the senior executive position in our finance organization. I
look forward to continuing to work closely with him and to rely upon his
guidance and leadership as a member of Key's executive management team.

"I also want to thank Trey Whichard for his years of service as our CFO and
wish him well.His expertise and impact were beneficial to Key's shareholders.
Trey recruited outstanding talent in accounting, tax, risk management, credit
and collections and our improvedresults in these areas, both domestically and
internationally,areproof ofthe quality of the functional leaders and teams
that reported to him."

Gary Russell, Investor Relations

SOURCE Key Energy Services, Inc.

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