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SEC Filings

S-4/A
KEY ENERGY SERVICES INC filed this Form S-4/A on 03/08/1996
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4.  OTHER ASSETS

Other assets consist of the following:
                                                                 June 30,
                                                         1995            1994
                                                             (in thousands)

         Investment in insurance company *            $  368          $  368
         Workers compensation security premiums          326             450
         Deferred acquisition costs                      200             800
         Goodwill (net of amortization - $100)           963              --
         Other                                           154             151
                                                      ------          ------
                                                      $2,011          $1,769
                                                      ======          ======
         * Represents approximately 13% ownership.


5.  LONG-TERM DEBT

The components of long-term debt are as follows:
                                                               June 30,
                                                         1995            1994
                                                           (in thousands)
   Term Note - CIT Corporation, interest and
            principal payable monthly (a)             $  6,032       $  4,327
    Revolving Line of Credit - CIT Corporation,
            interest payable monthly (a)                 3,846          4,452
   Revolver Note - Norwest, interest
            payable monthly (b)                          4,237             --
   Term Note - Norwest, interest and principal
            payable monthly (c)                            944             --
   Term Note - NationsBank, interest and principal
            payable monthly                                 --          1,908
   Other notes payable                                     890            814
                                                      --------         ------
                                                        15,949         11,501
   Less current portion                                  2,249          2,004
                                                      --------         ------
   Long-term debt                                     $ 13,700        $ 9,497
                                                      ========        =======

         (a) The CIT term note,  as  amended,  requires  principal  payments  of
         approximately  $95,000, plus interest,  due the first day of each month
         plus a final payment of the unpaid balance of the note due December 31,
         1996.  The interest  rate is two and one-half  percent above the stated
         prime rate, 9.0% at June 30, 1995 and 1994. The note is  collateralized
         by all of the assets  (including  equipment  and  inventory) of Yale E.
         Key.

                                      F-14