2009-08-12-2007-10-01-2007-10-01

Acquired Calgary-based co. that designs and produces oilfield service data acquisition, control and information systems.

Key Energy Services Inc., Houston, (Pink Sheets: KEGS) has acquired Advanced Measurements Inc., Calgary, for $8.39 million, including deferred cash payments up to $1.78 million and assumed debt of approximately $3 million. Advanced Measurements designs and produces oilfield service data acquisition, control and information systems. Key's chairman and chief executive Dick Alario says, "Advanced Measurements has developed the industry's most envied technology platform and applications for the well service industry, and we intend to leverage this technology to further commercialize our proprietary KeyView system." Advanced Measurements president Len Johnson says, "We are thrilled that our company and our technology will become an integral part of Key Energy Services' future. Prophet (product line) not only allows oilfield service companies to improve the return they realize on their field assets, but also allows them to make substantial improvements to the safety of their operations. Having the resources and commitment of an industry leading company like Key will provide an enormous boost to our technology and support capabilities."