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S-4/A
KEY ENERGY SERVICES INC filed this Form S-4/A on 03/08/1996
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                         WELLTECH, INC. AND SUBSIDIARIES
                      UNAUDITED CONSOLIDATED BALANCE SHEET
                               SEPTEMBER 30, 1995

                                 (In Thousands)

                                     ASSETS

CURRENT ASSETS:
   Cash and cash equivalents                                  $1,013
   Accounts receivable, less allowance                        16,610
          for doubtful accounts of $997
   Prepaid insurance losses                                    1,252
   Prepaid expenses and other                                    794
                                                              ------
         Total Current Assets                                 19,669
                                                              ------
INVESTMENT IN UNCONSOLIDATED
WELL SERVICING OPERATIONS:
   Dawson WellTech, LLC                                        7,158
   Key Energy Group, Inc.                                      8,545
                                                              ------
                                                              15,703
                                                              ------
PROPERTY AND EQUIPMENT:
   Property and equipment                                     44,638
   Less accumulated depreciation                             (13,741)
                                                              ------
         Net Property and Equipment                           30,897
OTHER ASSETS                                                   2,729
                                                              ------
   Total Assets                                              $68,998
                                                             =======

      See accompanying notes to unaudited consolidated financial statements

                                      F-55