U.S. Oil Production Hits Highest Level in 20 Years, Projected to Increase an Additional 14% in 2013

Five Star Equities Provides Stock Research on Key Energy Services and Nabors Industries

Marketwired

NEW YORK, NY--(Marketwire - Jan 17, 2013) - The nation's focus on reducing its dependence for oil have created significant opportunities for growth for companies in the Oil & Gas Equipment & Services Industry. The International Energy Agency (IEA) recently forecasted the U.S. will become the world's largest oil producer by 2020. Five Star Equities examines the outlook for companies in the Oil & Gas Equipment & Services Industry and provides equity research on Key Energy Services, Inc. (NYSE: KEG) and Nabors Industries Ltd. (NYSE: NBR).

Access to the full company reports can be found at:

www.FiveStarEquities.com/KEG

www.FiveStarEquities.com/NBR

The emergence of "fracking" and increased access to pipelines have both been contributing factors to the nation's boom in oil production. Energy Information Administration (EIA) earlier this month reported that oil production in the U.S. surpassed the 7 million barrels per day mark, which is the highest level in nearly 20 years. Despite a projection of a just a 0.3 percent increase in domestic oil demand, the EIA expects U.S. oil production to increase 14 percent to 7.3 million barrels a day in 2013. Oil production in the U.S. is projected to peak at 11.1 million barrels a day in 2020.

Five Star Equities releases regular market updates on the Oil & Gas Equipment & Services Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

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 Mexico, Colombia, the Middle East and Russia.

The Nabors companies own and operate approximately 521 land drilling rigs throughout the world and approximately 607 land workover and well servicing rigs in North America. The company in November reported it had secured a $1.5 billion five-year unsecured revolving credit facility.

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