Keane Announces Filing of S-1 Registration Statement

HOUSTON--()--Keane Group, Inc. (“Keane”) announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of shares of its common stock. It is expected that shares of the common stock to be sold in the offering will be offered by both Keane and its existing stockholder. The number of shares to be offered and the price range for the offering have not yet been determined.

Citigroup, Morgan Stanley, BofA Merrill Lynch, and J.P. Morgan are acting as joint book-running managers for the proposed offering. Wells Fargo Securities, Piper Jaffray & Co. and Houlihan Lokey are acting as senior co-managers for the proposed offering. Guggenheim Securities is acting as co-manager for the proposed offering.

The proposed offering of these securities will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to the proposed initial public offering may be obtained from Citigroup, attention Citigroup Inc., c/o Broadridge Financial Services, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (800) 831-9146 and from Morgan Stanley, attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Keane Group, Inc.

Headquartered in Houston, Texas, Keane is one of the largest pure-play providers of integrated well completion services in the U.S., with a focus on complex, technically demanding completion solutions. Keane's primary service offerings include horizontal and vertical fracturing, wireline perforation and logging and engineered solutions, as well as other value-added service offerings. Keane prides itself on its outstanding employee culture, its efficiency and its ability to meet and exceed the expectations of its customers and communities in which it operates.

Forward-Looking Statements

The statements contained in this release that are not historical facts are forward-looking statements. These forward-looking statements are based on Keane’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global, regional or local economic, business, competitive, market, regulatory and other factors, many of which are beyond Keane control. Any forward-looking statement in this release speaks only as of the date of this release. Keane undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.

Contacts

Investors
ICR
Marc Silverberg, 646-277-1293
Marc.Silverberg@icrinc.com
or
Media
ICR
Jake Malcynsky, 203-682-8375
Jake.Malcynsky@icrinc.com

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