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S-4/A
KEY ENERGY SERVICES INC filed this Form S-4/A on 03/08/1996
Entire Document
 
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                     Key Energy Group, Inc. and Subsidiaries
                      Consolidated Statements of Operations
                                   (unaudited)


                                            Six                    Six
                                         Months Ended          Months Ended
                                      December 31, 1995     December 31, 1994
                                          (In thousands except per share data)

REVENUES:

   Oilfield services                        $19,148                 $20,923
   Oil and gas revenues                       1,727                   1,077
   Oil and gas well drilling                  3,659                       -
   Other revenues, net                          258                    (38)
___________________________________________________________________________
                                             24,792                  21,962

___________________________________________________________________________
COSTS AND EXPENSES:

   Oilfield services direct costs            14,153                  16,350
   Oil and gas direct costs                     619                     431
   Oil and gas well drilling                  2,735                       -
   Depreciation and depletion expense         1,794                   1,245
   General and administrative expense         2,390                   1,822
   Interest expense                             877                     627
___________________________________________________________________________
                                             22,568                  20,475
___________________________________________________________________________
Income before income taxes                    2,224                   1,487
Income tax expense                              730                     476

NET INCOME                                $   1,494               $   1,011

===========================================================================

EARNINGS PER SHARE:


   Income before income taxes             $    0.32               $    0.23
   Net income                             $    0.22               $    0.16


WEIGHTED AVERAGE SHARES

OUTSTANDING:                                  6,914                   6,500



See the  accompanying  notes  which are an integral  part of these  consolidated
financial statements.


                                      F-31