Success Stories

Key Energy Services

Houston, Texas
Cresa Houston, TX
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Client Objectives

Key Energy Services has more than 160 locations throughout the United States and needed to expand rapidly but struggled with centralizing a plan for its real estate needs. The company realized that many of its facilities were either redundant, or couldn’t accommodate the anticipated growth. Many sites were remote and lacked the necessary infrastructure.

Key Energy Services wanted to have a better understanding of their commercial real estate portfolio and to establish standard protocols and procedures that would lead to efficiency and cost savings. In addition, Key needed to maintain and consolidate their current real estate inventory while simultaneously opening new field offices in emerging shale markets.

Results

Cresa Project Management partnered with Key Energy Services to lead the real estate planning process, developing a standardized RFP procedure and establishing a standard lease document to create an efficient real estate process. In doing so, Cresa has streamlined the expansion of field offices. Developers, contractors, and vendors have been identified as team members in each major shale market to provide on-site property services.

Cresa established project processes for on-going projects including ground-up, expansion/major remodel, consolidations, and minor facility improvements and maintenance. Multiple developers were qualified and negotiated with for each project. Consistent and standard progress reports and communications were developed to keep project team members properly informed of project progress.

In addition to the process development, Cresa also assisted with:

  • Meeting with regional managers to develop project scope
  • Developing three “franchise” building models to cover 80% of new facility requests
  • Providing rough order of magnitude budgeting for business case approvals
  • Offering guidance and assistance to site selection team to review potential locations
  • Providing site acquisition strategy and leveraged negotiations

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